Muromachi Chemicals (TSE:4885) Effective Interest Rate on Debt % : 1.06% (As of Feb. 2024)

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What is Muromachi Chemicals 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. Muromachi Chemicals's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was 円19 Mil. Muromachi Chemicals's average total debt for the quarter that ended in Feb. 2024 was 円1,763 Mil. Therefore, Muromachi Chemicals's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 1.06%.

Muromachi Chemicals Effective Interest Rate on Debt % Historical Data

The historical data trend for Muromachi Chemicals'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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Muromachi Chemicals Effective Interest Rate on Debt % Chart

Muromachi Chemicals Annual Data

Trend

May19

May20

May21

May22

May23

Effective Interest Rate on Debt %

1.02

0.94

1.05

0.91

1.09

Muromachi Chemicals Quarterly Data
	May19	May20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial											0.93	1.08	0.99	1.10	1.06

Competitive Comparison of Muromachi Chemicals's Effective Interest Rate on Debt %

For the Chemicals subindustry, Muromachi Chemicals'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.

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

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

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

Muromachi Chemicals Effective Interest Rate on Debt % Calculation

Muromachi Chemicals's annualized Effective Interest Rate on Debt % for the fiscal year that ended in May. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: May. 2022 )	+	Total Debt (A: May. 2023 ))	/ count )
=	-1 * -17.69	/	( (1687.934	+	1569.616)	/ 2 )
=	-1 * -17.69	/	1628.775
=	1.09 %

where

	Total Debt (A: May. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	784.616	+	903.318
=	1687.934

	Total Debt (A: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	872.898	+	696.718
=	1569.616

Muromachi Chemicals's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -18.724	/	( (1823.716	+	1703.057)	/ 2 )
=	-1 * -18.724	/	1763.3865
=	1.06 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1319.16	+	504.556
=	1823.716

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1246.661	+	456.396
=	1703.057

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 (Feb. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Muromachi Chemicals (TSE:4885) Effective Interest Rate on Debt % Explanation

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

Muromachi Chemicals Effective Interest Rate on Debt % Related Terms

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Muromachi Chemicals (TSE:4885) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Muromachi Chemicals Inc (TSE:4885) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

1-38-5 Shinkatsudachi, Omuta, Fukuoka, JPN, 836-0895

Website

https://www.muro-chem.co.jp

Muromachi Chemicals Inc is engaged in the production and distribution of pharmaceuticals; planning, production, and distribution of health foods and, distribution and processing of ion-exchange resin products.

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