Change Holdings (TSE:3962) Effective Interest Rate on Debt % : 1.86% (As of Mar. 2024)

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What is Change Holdings 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. Change Holdings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was 円432 Mil. Change Holdings's average total debt for the quarter that ended in Mar. 2024 was 円23,238 Mil. Therefore, Change Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.86%.

Change Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Change Holdings'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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Change Holdings Effective Interest Rate on Debt % Chart

Change Holdings Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Mar23

Mar24

Effective Interest Rate on Debt %

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4.21

1.42

3.25

2.97

1.37

Change Holdings 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															1.28	1.87	43.45	1.67	1.86

Competitive Comparison of Change Holdings's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, Change Holdings'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.

Change Holdings's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Change Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

Change Holdings Effective Interest Rate on Debt % Calculation

Change Holdings'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 * -188	/	( (3413	+	24018)	/ 2 )
=	-1 * -188	/	13715.5
=	1.37 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1910	+	1503
=	3413

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19733	+	4285
=	24018

Change Holdings'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 * -432	/	( (22458	+	24018)	/ 2 )
=	-1 * -432	/	23238
=	1.86 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18614	+	3844
=	22458

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19733	+	4285
=	24018

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.

Change Holdings (TSE:3962) Effective Interest Rate on Debt % Explanation

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

Change Holdings Effective Interest Rate on Debt % Related Terms

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Change Holdings (TSE:3962) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Change Holdings Inc (TSE:3962) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

3-17-1 Toranomon, 6th Floor, TOKYU REIT Toranomon Building, Minato-ku, Tokyo, JPN, 105-0001

Website

https://www.change-jp.com

Change Holdings Inc provides mobility, IoT (Internet of Things) data, security and IT human resources training services. It segments are: Public Tech and NEW-IT Transformation Business. The Public Tech segment covers local government support projects that aims to realize high value-added resident services by utilizing ICT technology to promote the improvement of local government business productivity. The NEW-IT Transformation Business segment promotes digital transformation through various algorithms such as AI, voice Internet, mobility, IoT, cloud, security, services utilizing basic technology, and training for digital human resources. It also provides digital transformation solutions by combining libraries based on customer needs to realize customer digital transformation.

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