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Megmilk Snow Brand Co (TSE:2270) Effective Interest Rate on Debt % : 0.69% (As of Mar. 2024)


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What is Megmilk Snow Brand 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. Megmilk Snow Brand Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was 円408 Mil. Megmilk Snow Brand Co's average total debt for the quarter that ended in Mar. 2024 was 円59,134 Mil. Therefore, Megmilk Snow Brand Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.69%.


Megmilk Snow Brand Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Megmilk Snow Brand 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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Megmilk Snow Brand Co Effective Interest Rate on Debt % Chart

Megmilk Snow Brand Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.49 0.55 0.51 0.51 0.57

Megmilk Snow Brand 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 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 0.60 0.51 0.64 0.56 0.69

Competitive Comparison of Megmilk Snow Brand Co's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Megmilk Snow Brand 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.


Megmilk Snow Brand Co's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Megmilk Snow Brand Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Megmilk Snow Brand Co's Effective Interest Rate on Debt % falls into.



Megmilk Snow Brand Co Effective Interest Rate on Debt % Calculation

Megmilk Snow Brand 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  *  -370/( (69882+58871)/ 2 )
=-1  *  -370/64376.5
=0.57 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=51233 + 18649
=69882

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=47866 + 11005
=58871

Megmilk Snow Brand Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -408/( (59396+58871)/ 2 )
=-1  *  -408/59133.5
=0.69 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=45224 + 14172
=59396

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=47866 + 11005
=58871

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


Megmilk Snow Brand Co  (TSE:2270) Effective Interest Rate on Debt % Explanation

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


Megmilk Snow Brand Co Effective Interest Rate on Debt % Related Terms

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Megmilk Snow Brand Co (TSE:2270) Business Description

Traded in Other Exchanges
Address
5-1, Yotsuya, Honshio-cho, Shinjuku-ku, Tokyo, JPN, 160-8575
Megmilk Snow Brand Co Ltd is involved in manufacturing and selling cow's milk, milk products and other foods. The company has Dairy products, Beverages and Desserts, Feedstuffs and Seed products and International business domains. Its products include producing and selling of butter, margarine, processed cheese, natural cheese and condensed and skim milk, yogurts etc. The firm also operates in nutrition business, dairy products business and functional ingredients business.

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