Aida Sekkei Co (TSE:2990) Effective Interest Rate on Debt % : 1.68% (As of Sep. 2023)

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What is Aida Sekkei 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. Aida Sekkei Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was 円732 Mil. Aida Sekkei Co's average total debt for the quarter that ended in Sep. 2023 was 円43,634 Mil. Therefore, Aida Sekkei Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 1.68%.

Aida Sekkei Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Aida Sekkei 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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Aida Sekkei Co Effective Interest Rate on Debt % Chart

Aida Sekkei Co Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

2.01

1.88

1.82

1.56

1.59

Aida Sekkei Co Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				1.71	1.63	1.76	1.46	1.68

Competitive Comparison of Aida Sekkei Co's Effective Interest Rate on Debt %

For the Residential Construction subindustry, Aida Sekkei 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.

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

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

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

Aida Sekkei Co Effective Interest Rate on Debt % Calculation

Aida Sekkei Co'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 * -596	/	( (31687	+	43307)	/ 2 )
=	-1 * -596	/	37497
=	1.59 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16395	+	15292
=	31687

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21737	+	21570
=	43307

Aida Sekkei Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -732	/	( (43307	+	43960)	/ 2 )
=	-1 * -732	/	43633.5
=	1.68 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21737	+	21570
=	43307

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18111	+	25849
=	43960

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 two times the semi-annual (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Aida Sekkei Co (TSE:2990) Effective Interest Rate on Debt % Explanation

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

Aida Sekkei Co Effective Interest Rate on Debt % Related Terms

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Aida Sekkei Co (TSE:2990) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Aida Sekkei Co Ltd (TSE:2990) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-286 Sakuragicho, Omiya-ku, Saitama Prefecture, Saitama, JPN, 330-0854

Website

https://www.aidagroup.co.jp

Aida Sekkei Co Ltd is engaged in the sales and construction of pre-build homes and custom build homes.

Aida Sekkei Co (TSE:2990) Headlines

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