Kobe Bussan Co (TSE:3038) Effective Interest Rate on Debt % : 0.06% (As of Jan. 2024)

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What is Kobe Bussan 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. Kobe Bussan Co's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was 円24 Mil. Kobe Bussan Co's average total debt for the quarter that ended in Jan. 2024 was 円38,086 Mil. Therefore, Kobe Bussan Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 0.06%.

Kobe Bussan Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Kobe Bussan 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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Kobe Bussan Co Effective Interest Rate on Debt % Chart

Kobe Bussan Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Effective Interest Rate on Debt %

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0.59

0.43

0.25

0.16

Kobe Bussan Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.16	0.14	0.14	0.12	0.06

Competitive Comparison of Kobe Bussan Co's Effective Interest Rate on Debt %

For the Grocery Stores subindustry, Kobe Bussan 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.

Kobe Bussan Co's Effective Interest Rate on Debt % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Kobe Bussan Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Kobe Bussan Co Effective Interest Rate on Debt % Calculation

Kobe Bussan Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2022 )	+	Total Debt (A: Oct. 2023 ))	/ count )
=	-1 * -58	/	( (34539	+	38320)	/ 2 )
=	-1 * -58	/	36429.5
=	0.16 %

where

	Total Debt (A: Oct. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26320	+	8219
=	34539

	Total Debt (A: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	37001	+	1319
=	38320

Kobe Bussan Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -24	/	( (38320	+	37851)	/ 2 )
=	-1 * -24	/	38085.5
=	0.06 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	37001	+	1319
=	38320

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36846	+	1005
=	37851

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

Kobe Bussan Co (TSE:3038) Effective Interest Rate on Debt % Explanation

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

Kobe Bussan Co Effective Interest Rate on Debt % Related Terms

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Kobe Bussan Co (TSE:3038) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Kobe Bussan Co Ltd (TSE:3038) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

59G:Germany

Address

883 Nakaishiki Inami-cho, Hyogo-ken, Kako-gun, JPN, 675-1127

Website

http://www.kobebussan.co.jp

Kobe Bussan Co.,Ltd. is a Japan-based company that operates through four business divisions. The Gyomu Super business, accounting for the majority of the company's revenue, is primarily in engaged in franchising supermarkets that provide merchandise produced at the company's own factories or imported from overseas. The Kobe Cook business operates through several formats, including Kobe Cook World Buffet stores, which are buffet-style restaurants; Green's K stores, which are small supermarkets offering ready-made meals; and Green's K Teppan Buffet stores, which are restaurants featuring a blend of buffet and self-cooking. The Kobe Cook Innoventure business is operated to promote restaurant business and offer food materials. The company also operates the Eco Renewable Energy business.

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