Toa Road (TSE:1882) Effective Interest Rate on Debt % : 5.23% (As of Dec. 2023)

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What is Toa Road 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. Toa Road's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円16 Mil. Toa Road's average total debt for the quarter that ended in Dec. 2023 was 円306 Mil. Therefore, Toa Road's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.23%.

Toa Road Effective Interest Rate on Debt % Historical Data

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

Toa Road Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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1.00

0.96

1.01

1.10

1.02

Toa Road Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.84	0.40	1.48	2.71	5.23

Competitive Comparison of Toa Road's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, Toa Road'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.

Toa Road's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Toa Road's Effective Interest Rate on Debt % distribution charts can be found below:

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

Toa Road Effective Interest Rate on Debt % Calculation

Toa Road's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -21	/	( (1914	+	2186)	/ 2 )
=	-1 * -21	/	2050
=	1.02 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	586	+	1328
=	1914

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	150	+	2036
=	2186

Toa Road'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 * -16	/	( (362	+	250)	/ 2 )
=	-1 * -16	/	306
=	5.23 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	50	+	312
=	362

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	250
=	250

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.

Toa Road (TSE:1882) Effective Interest Rate on Debt % Explanation

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

Toa Road Effective Interest Rate on Debt % Related Terms

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Toa Road (TSE:1882) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Toa Road Corp (TSE:1882) » Definitions » Effective Interest Rate on Debt %

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Address

7-3-7 Roppongi, Tokyo, Minato City, JPN, 106-0032

Website

https://www.toadoro.co.jp

Toa Road Corp provides construction services. It is focused on constructing road networks and transportation infrastructure including expressways and national roads. The company also develops and sells asphalt products and provides environmental solutions and consultancy services like road maintenance plans that integrate pavement maintenance techniques with asset management.

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