GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NEXTAGE Co Ltd (TSE:3186) » Definitions » Effective Interest Rate on Debt %

NEXTAGE Co (TSE:3186) Effective Interest Rate on Debt % : 0.31% (As of Feb. 2024)


View and export this data going back to 2013. Start your Free Trial

What is NEXTAGE 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. NEXTAGE Co's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was 円280 Mil. NEXTAGE Co's average total debt for the quarter that ended in Feb. 2024 was 円90,076 Mil. Therefore, NEXTAGE Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 0.31%.


NEXTAGE Co Effective Interest Rate on Debt % Historical Data

The historical data trend for NEXTAGE 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.

* Premium members only.

NEXTAGE Co Effective Interest Rate on Debt % Chart

NEXTAGE Co Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.47 0.52 0.47 0.38 0.35

NEXTAGE Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 0.39 0.40 0.38 0.40 0.31

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

For the Auto & Truck Dealerships subindustry, NEXTAGE 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.


NEXTAGE Co's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, NEXTAGE Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



NEXTAGE Co Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Nov. 2022 )+Total Debt  (A: Nov. 2023 ))/ count )
=-1  *  -273/( (76522+77420)/ 2 )
=-1  *  -273/76971
=0.35 %

where

Total Debt  (A: Nov. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=48128 + 28394
=76522

Total Debt  (A: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=47277 + 30143
=77420

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Nov. 2023 )+Total Debt  (Q: Feb. 2024 ))/ count )
=-1  *  -280/( (77420+102731)/ 2 )
=-1  *  -280/90075.5
=0.31 %

where

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=47277 + 30143
=77420

Total Debt  (Q: Feb. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=64386 + 38345
=102731

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


NEXTAGE Co  (TSE:3186) Effective Interest Rate on Debt % Explanation

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


NEXTAGE Co Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of NEXTAGE Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


NEXTAGE Co (TSE:3186) Business Description

Industry
Traded in Other Exchanges
Address
1-26-8 Aoi Higashi-ku, Aichi Prefecture, Nagoya, JPN, 461-0004
NEXTAGE Co Ltd is principally engaged in the dealing of used cars. It is primarily involved in operation, maintenance, insurance agency and automobile dealing of retails used domestic cars as well as sells imported cars and SUV/vans. In addition, the company operates an automobile maintenance business.

NEXTAGE Co (TSE:3186) Headlines

No Headlines