Eiken Chemical Co (TSE:4549) Effective Interest Rate on Debt % : 0.53% (As of Dec. 2023)

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What is Eiken 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. Eiken Chemical Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円16 Mil. Eiken Chemical Co's average total debt for the quarter that ended in Dec. 2023 was 円3,000 Mil. Therefore, Eiken Chemical Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.53%.

Eiken Chemical Co Effective Interest Rate on Debt % Historical Data

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

Eiken Chemical Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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0.60

0.33

0.17

0.26

0.38

Eiken Chemical Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.53	0.55	0.44	0.53	0.53

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

For the Medical Devices subindustry, Eiken 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.

Eiken Chemical Co's Effective Interest Rate on Debt % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Eiken Chemical Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Eiken Chemical Co Effective Interest Rate on Debt % Calculation

Eiken 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 * -16	/	( (4191	+	4309)	/ 2 )
=	-1 * -16	/	4250
=	0.38 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3798	+	393
=	4191

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3919	+	390
=	4309

Eiken 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 * -16	/	( (3000	+	3000)	/ 2 )
=	-1 * -16	/	3000
=	0.53 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3000	+	0
=	3000

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3000	+	0
=	3000

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.

Eiken Chemical Co (TSE:4549) Effective Interest Rate on Debt % Explanation

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

Eiken Chemical Co Effective Interest Rate on Debt % Related Terms

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Eiken Chemical Co (TSE:4549) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Eiken Chemical Co Ltd (TSE:4549) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

4-19-9 Taito, Taito-ku, Tokyo, JPN, 110-8408

Website

http://www.eiken.co.jp

Eiken Chemical Co Ltd is a Japan-based company. It manufactures and sells clinical diagnostics and equipment. The company is engaged in processing, manufacture, purchase and sale of test agents, property and casualty insurance agency business. It as a general manufacturer of clinical diagnostics offers a wide range of in vitro diagnostic aids for all fields of medicine. Its major products include the Fecal immunochemical test, Molecular Genetics (LAMP), Microbiology, among many others.

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