Cosmo Energy Holdings Co (Cosmo Energy Holdings Co) Effective Interest Rate on Debt % : 0.75% (As of Dec. 2023)

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What is Cosmo Energy Holdings Co 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. Cosmo Energy Holdings Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $33 Mil. Cosmo Energy Holdings Co's average total debt for the quarter that ended in Dec. 2023 was $4,385 Mil. Therefore, Cosmo Energy Holdings Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.75%.

Cosmo Energy Holdings Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Cosmo Energy Holdings Co'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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Cosmo Energy Holdings Co Effective Interest Rate on Debt % Chart

Cosmo Energy Holdings Co Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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1.37

1.11

1.03

0.97

0.69

Cosmo Energy Holdings Co 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															0.85	0.70	0.77	0.75	0.73

Competitive Comparison of Cosmo Energy Holdings Co's Effective Interest Rate on Debt %

For the Oil & Gas Integrated subindustry, Cosmo Energy Holdings Co'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.

Cosmo Energy Holdings Co's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Cosmo Energy Holdings Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Cosmo Energy Holdings Co's Effective Interest Rate on Debt % falls into.

Cosmo Energy Holdings Co Effective Interest Rate on Debt % Calculation

Cosmo Energy Holdings Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2023 )	+	Total Debt (A: Mar. 2024 ))	/ count )
=	-1 * -31.778	/	( (5133.892	+	4127.117)	/ 2 )
=	-1 * -31.778	/	4630.5045
=	0.69 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1920.543	+	3213.349
=	5133.892

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1903.882	+	2223.235
=	4127.117

Cosmo Energy Holdings Co'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 * -32.836	/	( (3965.308	+	4804.818)	/ 2 )
=	-1 * -32.836	/	4385.063
=	0.75 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1611.938	+	2353.37
=	3965.308

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1866.552	+	2938.266
=	4804.818

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.

Cosmo Energy Holdings Co (GREY:CSGYY) Effective Interest Rate on Debt % Explanation

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

Cosmo Energy Holdings Co Effective Interest Rate on Debt % Related Terms

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Cosmo Energy Holdings Co (Cosmo Energy Holdings Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cosmo Energy Holdings Co Ltd (GREY:CSGYY) » Definitions » Effective Interest Rate on Debt %

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5021:Japan

Address

1-1-1, Shibaura, Minato-ku, Tokyo, JPN, 105-0023

Website

http://ceh.cosmo-oil.co.jp

Cosmo Energy Holdings Co Ltd is a holding company. It is involved in the management of subsidiaries involved in oil ranging from upstream and downstream and other businesses. The company's head office is located at Tokyo and overseas offices located in Abu Dhabi, Beijing and Doha.