Sumitomo Bakelite Co (TSE:4203) Effective Interest Rate on Debt % : 0.46% (As of Mar. 2024)

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What is Sumitomo Bakelite 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. Sumitomo Bakelite Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was 円224 Mil. Sumitomo Bakelite Co's average total debt for the quarter that ended in Mar. 2024 was 円48,184 Mil. Therefore, Sumitomo Bakelite Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.46%.

Sumitomo Bakelite Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Sumitomo Bakelite 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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Sumitomo Bakelite Co Effective Interest Rate on Debt % Chart

Sumitomo Bakelite Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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1.15

8.74

0.46

0.93

0.70

Sumitomo Bakelite 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															1.76	0.98	0.55	2.06	0.46

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

For the Specialty Chemicals subindustry, Sumitomo Bakelite 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.

Sumitomo Bakelite Co's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

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

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

Sumitomo Bakelite Co Effective Interest Rate on Debt % Calculation

Sumitomo Bakelite Co'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 * -322	/	( (43231	+	48526)	/ 2 )
=	-1 * -322	/	45878.5
=	0.70 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21407	+	21824
=	43231

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15476	+	33050
=	48526

Sumitomo Bakelite 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 * -224	/	( (47842	+	48526)	/ 2 )
=	-1 * -224	/	48184
=	0.46 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15011	+	32831
=	47842

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15476	+	33050
=	48526

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.

Sumitomo Bakelite Co (TSE:4203) Effective Interest Rate on Debt % Explanation

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

Sumitomo Bakelite Co Effective Interest Rate on Debt % Related Terms

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Sumitomo Bakelite Co (TSE:4203) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sumitomo Bakelite Co Ltd (TSE:4203) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

2-5-8 Higashi-shinagawa, Shinagawa-ku, Tokyo, JPN, 140-0002

Website

http://www.sumibe.co.jp

Sumitomo Bakelite Co Ltd manufactures and sells plastics and chemical-based products. The firm's three segments are based on product type. The high-performance plastics segment, which generates more revenue than any other segment, sells phenolic molding compounds and phenolic resins used to make the interiors of aerospace and automotive vehicles. The quality-of-life segment sells medical-device products including endoscopic, surgery, drainage, and circulation devices. The semiconductor materials segment sells epoxy resin molding compounds and liquid resins used for semiconductor encapsulation in smartphones and other consumer electronic devices. The majority of revenue comes from Asia.

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