MKTAY (Makita) Effective Interest Rate on Debt % : 45.63% (As of Sep. 2024)

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What is Makita 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. Makita's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $41 Mil. Makita's average total debt for the quarter that ended in Sep. 2024 was $91 Mil. Therefore, Makita's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 45.63%.

Makita Effective Interest Rate on Debt % Historical Data

The historical data trend for Makita'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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Makita Effective Interest Rate on Debt % Chart

Makita Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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6.14

57.61

2.86

5.56

5.94

Makita Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															9.80	15.27	26.01	33.15	45.63

Competitive Comparison of Makita's Effective Interest Rate on Debt %

For the Tools & Accessories subindustry, Makita'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.

Makita's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Makita's Effective Interest Rate on Debt % distribution charts can be found below:

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

Makita Effective Interest Rate on Debt % Calculation

Makita'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 * -45.355	/	( (1394.464	+	132.767)	/ 2 )
=	-1 * -45.355	/	763.6155
=	5.94 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1394.464
=	1394.464

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	132.767
=	132.767

Makita's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -41.496	/	( (0	+	90.938)	/ 1 )
=	-1 * -41.496	/	90.938
=	45.63 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	90.938
=	90.938

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

Makita (OTCPK:MKTAY) Effective Interest Rate on Debt % Explanation

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

Makita Effective Interest Rate on Debt % Related Terms

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Makita Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Makita Corp (OTCPK:MKTAY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

MKEWF:USA 6586:Japan MK2A:Germany MK2A:Germany

Address

3-11-8, Sumiyoshi-cho, Aichi Prefecture, Anjo, JPN, 446-8502

Website

http://www.makita.co.jp

Makita manufactures and sells professional-grade power tools, outdoor power equipment, and other tools, such as lithium-ion battery-powered drills, impact drivers, lawn mowers, chainsaws, and hedge trimmers. The company was founded in 1915 as an electric motor sales and repair company in Nagoya, Japan, and later became a power tools manufacturer, since marketing its first portable electrical planer in Japan in 1958. While the company has local production bases in key regions globally, above 60% of its product volume is manufactured in China. Its headquarters is currently in Anjo, Japan.

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