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Career Bank Co (SSE:4834) Effective Interest Rate on Debt % : 0.51% (As of Feb. 2024)


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What is Career Bank 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. Career Bank Co's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was 円7 Mil. Career Bank Co's average total debt for the quarter that ended in Feb. 2024 was 円1,349 Mil. Therefore, Career Bank Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 0.51%.


Career Bank Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Career Bank 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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Career Bank Co Effective Interest Rate on Debt % Chart

Career Bank Co Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.48 0.45 0.46 0.47 0.46

Career Bank Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.46 0.22 0.45 0.52 0.51

Competitive Comparison of Career Bank Co's Effective Interest Rate on Debt %

For the Staffing & Employment Services subindustry, Career Bank 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.


Career Bank Co's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Career Bank Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



Career Bank Co Effective Interest Rate on Debt % Calculation

Career Bank Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in May. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: May. 2022 )+Total Debt  (A: May. 2023 ))/ count )
=-1  *  -5.243/( (1165.958+1116.153)/ 2 )
=-1  *  -5.243/1141.0555
=0.46 %

where

Total Debt  (A: May. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=516.153 + 649.805
=1165.958

Total Debt  (A: May. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=332.223 + 783.93
=1116.153

Career Bank Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Nov. 2023 )+Total Debt  (Q: Feb. 2024 ))/ count )
=-1  *  -6.828/( (1027.331+1670.879)/ 2 )
=-1  *  -6.828/1349.105
=0.51 %

where

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=301.525 + 725.806
=1027.331

Total Debt  (Q: Feb. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=295.053 + 1375.826
=1670.879

* 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.

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


Career Bank Co  (SSE:4834) Effective Interest Rate on Debt % Explanation

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


Career Bank Co Effective Interest Rate on Debt % Related Terms

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Career Bank Co (SSE:4834) Business Description

Industry
Traded in Other Exchanges
N/A
Address
5-7 Kitagojo-nishi, Chuo-ku, Sapporo, JPN, 060-0005
Career Bank Co Ltd operates as a human resources company in Japan. It provides temporary staffing, recruitment, outplacement, sales outsourcing, event management staffing, and payroll services. It also provides outsourcing, re-employment support, education/training, payroll business.

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