Joyful Honda Co (TSE:3191) Effective Interest Rate on Debt % : 0.19% (As of Mar. 2024)

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What is Joyful Honda 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. Joyful Honda Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was 円20 Mil. Joyful Honda Co's average total debt for the quarter that ended in Mar. 2024 was 円10,291 Mil. Therefore, Joyful Honda Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.19%.

Joyful Honda Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Joyful Honda 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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Joyful Honda Co Effective Interest Rate on Debt % Chart

Joyful Honda Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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0.20

0.26

0.16

0.17

Joyful Honda 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															0.17	0.16	0.17	0.15	0.19

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

For the Home Improvement Retail subindustry, Joyful Honda 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.

Joyful Honda Co's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

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

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

Joyful Honda Co Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -24	/	( (16456	+	12295)	/ 2 )
=	-1 * -24	/	14375.5
=	0.17 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12278	+	4178
=	16456

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9163	+	3132
=	12295

Joyful Honda 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 * -20	/	( (10657	+	9924)	/ 2 )
=	-1 * -20	/	10290.5
=	0.19 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7689	+	2968
=	10657

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6959	+	2965
=	9924

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.

Joyful Honda Co (TSE:3191) Effective Interest Rate on Debt % Explanation

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

Joyful Honda Co Effective Interest Rate on Debt % Related Terms

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Joyful Honda Co (TSE:3191) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Joyful Honda Co Ltd (TSE:3191) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

1-16-2 Fujisaki, Ibaraki Prefecture, Tsuchiura, JPN, 300-0813

Website

https://www.joyfulhonda.com

Joyful Honda Co Ltd is engaged in the home center retail business. Its business operations are grouped into four divisions: Home Center, Garden Center, Pet Center and Exterior Center. Home Centers supplies timber, building materials, paint, tools, hardware, worker essentials, electrical fittings and other materials for home renovation projects. Garden Centers provides an extensive range of flower seedlings, vegetable seedlings, plants, mulch and other soil for horticulture, fertilizers, plant pots and other gardening supplies. Pet Center offers pet-related products, including pet food, cages, and toys. Exterior Centers provide services from sales to construction.

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