Renesas Electronics (TSE:6723) Effective Interest Rate on Debt % : 0.10% (As of Dec. 2023)

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What is Renesas Electronics Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Renesas Electronics's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円664 Mil. Renesas Electronics's average total debt for the quarter that ended in Dec. 2023 was 円671,820 Mil. Therefore, Renesas Electronics's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.10%.

Renesas Electronics Effective Interest Rate on Debt % Historical Data

The historical data trend for Renesas Electronics's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Renesas Electronics Effective Interest Rate on Debt % Chart

Renesas Electronics Annual Data

Trend

Mar14

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.82

1.04

4.72

8.06

0.96

Renesas Electronics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.95	0.76	2.36	0.10	2.54

Competitive Comparison of Renesas Electronics's Effective Interest Rate on Debt %

For the Semiconductors subindustry, Renesas Electronics's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Renesas Electronics's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Renesas Electronics's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Renesas Electronics's Effective Interest Rate on Debt % falls into.

Renesas Electronics Effective Interest Rate on Debt % Calculation

Renesas Electronics's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -6735	/	( (755743	+	650948)	/ 2 )
=	-1 * -6735	/	703345.5
=	0.96 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	635738	+	120005
=	755743

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	225636	+	425312
=	650948

Renesas Electronics's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -664	/	( (692692	+	650948)	/ 2 )
=	-1 * -664	/	671820
=	0.10 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	320414	+	372278
=	692692

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	225636	+	425312
=	650948

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Renesas Electronics (TSE:6723) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Renesas Electronics Effective Interest Rate on Debt % Related Terms

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Renesas Electronics (TSE:6723) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Renesas Electronics Corp (TSE:6723) » Definitions » Effective Interest Rate on Debt %

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Address

Toyosu Foresia, 3-2-24, Toyosu, Koto-ku, Tokyo, JPN, 135-0061

Website

http://www.renesas.com

Renesas Electronics Corp is a Japan-based company that manufactures and distributes semiconductor components and other products for use in automotive, healthcare, computer peripheral, connectivity, home appliance, and industrial end markets. Its product portfolio includes microcontrollers and microprocessors, embedded systems platform, insulated-gate bipolar transistors, intelligent power devices, thrysistors, transistors, diodes, analog integrated circuits, and optoelectronics products. The firm has operations in Japan, the Americas, Europe, Middle East and Africa, and Asia.

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