Sankei Chemical Co (FSE:4995) Effective Interest Rate on Debt % : 0.83% (As of May. 2024)

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What is Sankei Chemical 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. Sankei Chemical Co's annualized positive value of Interest Expense for the quarter that ended in May. 2024 was 円20 Mil. Sankei Chemical Co's average total debt for the quarter that ended in May. 2024 was 円2,459 Mil. Therefore, Sankei Chemical Co's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2024 was 0.83%.

Sankei Chemical Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Sankei Chemical 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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Sankei Chemical Co Effective Interest Rate on Debt % Chart

Sankei Chemical Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Effective Interest Rate on Debt %

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0.64

0.65

0.67

0.69

0.77

Sankei Chemical Co Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.73	0.71	0.85	0.76	0.83

Competitive Comparison of Sankei Chemical Co's Effective Interest Rate on Debt %

For the Agricultural Inputs subindustry, Sankei Chemical 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.

Sankei Chemical Co's Effective Interest Rate on Debt % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Sankei Chemical Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sankei Chemical Co's Effective Interest Rate on Debt % falls into.

Sankei Chemical Co Effective Interest Rate on Debt % Calculation

Sankei Chemical Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2022 )	+	Total Debt (A: Nov. 2023 ))	/ count )
=	-1 * -17.547	/	( (2258.897	+	2326.667)	/ 2 )
=	-1 * -17.547	/	2292.782
=	0.77 %

where

	Total Debt (A: Nov. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1467.245	+	791.652
=	2258.897

	Total Debt (A: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1530.212	+	796.455
=	2326.667

Sankei Chemical Co's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Feb. 2024 )	+	Total Debt (Q: May. 2024 ))	/ count )
=	-1 * -20.476	/	( (2304.77	+	2612.725)	/ 2 )
=	-1 * -20.476	/	2458.7475
=	0.83 %

where

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1520.389	+	784.381
=	2304.77

	Total Debt (Q: May. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1804.511	+	808.214
=	2612.725

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 (May. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Sankei Chemical Co (FSE:4995) Effective Interest Rate on Debt % Explanation

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

Sankei Chemical Co Effective Interest Rate on Debt % Related Terms

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Sankei Chemical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Sankei Chemical Co Ltd (FSE:4995) » Definitions » Effective Interest Rate on Debt %

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Address

9 Nanei 2-Chome, Kagoshima, JPN, 891-0122

Website

http://www.sankei-chem.com

Sankei Chemical Co Ltd engages in the manufacture and sale of agrochemicals and pesticides. It offers pest and weed control agents; pesticides for rice, fruit orchards, and horticultural fields; wood insecticides and fungicides; and other agricultural materials. The firm's products include insecticides, fungicides, insecticidal fungicides, pheromone drug herbicides, herbicides, spreading agents, soil fumigants, agricultural materials, pest control agents, and others.

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