TOYO Construction Co (TSE:1890) Effective Interest Rate on Debt % : 1.46% (As of Dec. 2023)

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What is TOYO Construction 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. TOYO Construction Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円108 Mil. TOYO Construction Co's average total debt for the quarter that ended in Dec. 2023 was 円7,418 Mil. Therefore, TOYO Construction Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.46%.

TOYO Construction Co Effective Interest Rate on Debt % Historical Data

The historical data trend for TOYO Construction 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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TOYO Construction Co Effective Interest Rate on Debt % Chart

TOYO Construction Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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1.23

1.29

1.19

2.56

2.26

TOYO Construction 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															3.76	2.91	2.73	1.46	2.22

Competitive Comparison of TOYO Construction Co's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, TOYO Construction 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.

TOYO Construction Co's Effective Interest Rate on Debt % Distribution in the Construction Industry

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

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

TOYO Construction Co Effective Interest Rate on Debt % Calculation

TOYO Construction 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 * -145	/	( (4705	+	8149)	/ 2 )
=	-1 * -145	/	6427
=	2.26 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1754	+	2951
=	4705

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1615	+	6534
=	8149

TOYO Construction 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 * -108	/	( (3567	+	11269)	/ 2 )
=	-1 * -108	/	7418
=	1.46 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1452	+	2115
=	3567

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1258	+	10011
=	11269

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.

TOYO Construction Co (TSE:1890) Effective Interest Rate on Debt % Explanation

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

TOYO Construction Co Effective Interest Rate on Debt % Related Terms

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TOYO Construction Co (TSE:1890) Business Description

Industry

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Address

Jinbocho, 105-chome, Jinbocho, 11th floor, 10th floor, Mitsui Building, Kanda, Chiyoda-ku, Tokyo, JPN, 135-0064

Website

http://www.toyo-const.co.jp

TOYO Construction Co Ltd is a construction company. Principally, it is engaged in the marine and civil engineering, building construction, real estate, and others businesses. The company undertakes civil engineering works, such as ports, fishery ports, and reclamation and dredging, airport, power station, river and dam, waste disposal site, and waterworks and sewerage service projects. It constructs office, commercial, medical and welfare facilities, factories, education and cultural, distribution and warehouse, sports and leisure, residential, and accommodation projects. In addition, it also provides various overseas projects.

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