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Nankai Chemical Co (TSE:4040) Effective Interest Rate on Debt % : 0.93% (As of Dec. 2023)


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What is Nankai Chemical 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. Nankai Chemical Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円44 Mil. Nankai Chemical Co's average total debt for the quarter that ended in Dec. 2023 was 円4,718 Mil. Therefore, Nankai Chemical Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.93%.

Nankai Chemical Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Nankai Chemical 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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Nankai Chemical Co Effective Interest Rate on Debt % Chart

Nankai Chemical Co Annual Data
Trend Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
0.63 0.59 0.62

Nankai Chemical Co Quarterly Data
Mar21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial - 0.62 0.76 0.79 0.93

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

For the Chemicals subindustry, Nankai Chemical 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.

Nankai Chemical Co's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nankai Chemical Co's Effective Interest Rate on Debt % distribution charts can be found below:

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


Nankai Chemical Co Effective Interest Rate on Debt % Calculation

Nankai Chemical 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  *  -42/( (7407+6071)/ 2 )
=-1  *  -42/6739
=0.62 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3496 + 3911
=7407

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3378 + 2693
=6071

Nankai Chemical Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -44/( (4568+4867)/ 2 )
=-1  *  -44/4717.5
=0.93 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2947 + 1621
=4568

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2719 + 2148
=4867

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Nankai Chemical Co  (TSE:4040) Effective Interest Rate on Debt % Explanation

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

Nankai Chemical Co Effective Interest Rate on Debt % Related Terms

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Nankai Chemical Co (TSE:4040) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nankai Chemical Co Ltd (TSE:4040) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
TSE:4366 TSE:5729 TSE:4531 TSE:4274 TSE:4960 TSE:4360 TSE:7375 TSE:4093 TSE:4102 TSE:4885 SAU:2010 TSE:4063 XTER:BAS DOW XKRX:051910 SZSE:002493 SHSE:600989 CE XKLS:5183 XKRX:086520
Traded in Other Exchanges
N/A
Address
1-12-19 Minamihorie, Yotsubashi Star Building, Nishi-ku, Osaka, JPN, 550-0015
Website
https://www.nankai-chem.co.jp
Nankai Chemical Co Ltd is engaged in the manufacturing and sales of chemical products, agricultural products, quasi-drugs and food additives. collecting, transporting, and recycling of industrial wastes.

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