Sumitomo Forestry Co (TSE:1911) Effective Interest Rate on Debt % : 0.91% (As of Dec. 2023)

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What is Sumitomo Forestry 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. Sumitomo Forestry Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円3,780 Mil. Sumitomo Forestry Co's average total debt for the quarter that ended in Dec. 2023 was 円417,170 Mil. Therefore, Sumitomo Forestry Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.91%.

Sumitomo Forestry Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Sumitomo Forestry 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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Sumitomo Forestry Co Effective Interest Rate on Debt % Chart

Sumitomo Forestry Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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0.90

1.05

0.78

0.96

1.12

Sumitomo Forestry 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															1.30	1.13	1.19	0.91	1.38

Competitive Comparison of Sumitomo Forestry Co's Effective Interest Rate on Debt %

For the Residential Construction subindustry, Sumitomo Forestry 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.

Sumitomo Forestry Co's Effective Interest Rate on Debt % Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Sumitomo Forestry Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Sumitomo Forestry Co Effective Interest Rate on Debt % Calculation

Sumitomo Forestry Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -4338	/	( (348323	+	423871)	/ 2 )
=	-1 * -4338	/	386097
=	1.12 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	290210	+	58113
=	348323

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	328489	+	95382
=	423871

Sumitomo Forestry 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 * -3780	/	( (410468	+	423871)	/ 2 )
=	-1 * -3780	/	417169.5
=	0.91 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	336406	+	74062
=	410468

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	328489	+	95382
=	423871

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.

Sumitomo Forestry Co (TSE:1911) Effective Interest Rate on Debt % Explanation

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

Sumitomo Forestry Co Effective Interest Rate on Debt % Related Terms

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Sumitomo Forestry Co (TSE:1911) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Sumitomo Forestry Co Ltd (TSE:1911) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

5F6:Germany

Address

Keidanren Kaikan, 3-2, Otemachi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8270

Website

http://sfc.jp

Sumitomo Forestry Co Ltd is a diversified Japanese company that focuses on timber and building materials as well as residential construction. The company's timber business is one of Japan's leading suppliers of timber and also provides building and structural materials such as flooring and doors. It constructs custom-built single-family housing projects around Japan that use the company's timber materials and design. These two business units provide the majority of the company's revenue. Sumitomo Forestry operates timber and exporting businesses in Southeast Asia, Australia, and North America. It is also involved in forestry management, as it owns forests around Japan and Southeast Asia.

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