Artience Co (TSE:4634) Effective Interest Rate on Debt % : 2.67% (As of Mar. 2024)

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What is Artience 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. Artience Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was 円2,260 Mil. Artience Co's average total debt for the quarter that ended in Mar. 2024 was 円84,792 Mil. Therefore, Artience Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.67%.

Artience Co Effective Interest Rate on Debt % Historical Data

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

Artience Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.10

0.76

0.68

1.67

2.28

Artience 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															2.07	2.05	3.18	1.88	2.67

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

For the Specialty Chemicals subindustry, Artience 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.

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

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

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

Artience Co Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -1942	/	( (83873	+	86703)	/ 2 )
=	-1 * -1942	/	85288
=	2.28 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	59851	+	24022
=	83873

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	50161	+	36542
=	86703

Artience 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 * -2260	/	( (86703	+	82880)	/ 2 )
=	-1 * -2260	/	84791.5
=	2.67 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	50161	+	36542
=	86703

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	56044	+	26836
=	82880

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.

Artience Co (TSE:4634) Effective Interest Rate on Debt % Explanation

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

Artience Co Effective Interest Rate on Debt % Related Terms

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Artience Co (TSE:4634) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Artience Co Ltd (TSE:4634) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

3-13 Kyobashi 2-chome, Chuo-ku, Tokyo, JPN, 104-8377

Website

https://schd.toyoinkgroup.com

Artience Co Ltd is a holding company whose subsidiaries manufacture and sell a variety of chemicals and inks. The firm organizes itself into various segments based on product type. The printing and information segment, which generates the Most revenue, sells printing inks used for ink-jet printers, newspapers, magazines, and other printed materials. The colorants and functional materials segment sells pigments, plastic colorants, and liquid crystal display color filter materials. The polymers and coatings segments sells coatings, adhesives, plastic resins, and can coatings. The packaging materials segment sells packaging inks used for food and consumer goods packaging. Most of Toyo Ink's revenue comes from Japan.

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