Renascience (TSE:4889) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2024)

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What is Renascience 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. Renascience's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was 円0.0 Mil. Renascience's average total debt for the quarter that ended in Sep. 2024 was 円360.8 Mil. Therefore, Renascience's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 0.00%.

Renascience Effective Interest Rate on Debt % Historical Data

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

Renascience Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

0.18

1.75

1.59

Renascience Quarterly Data
	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
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Competitive Comparison of Renascience's Effective Interest Rate on Debt %

For the Medical Devices subindustry, Renascience'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.

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

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

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

Renascience Effective Interest Rate on Debt % Calculation

Renascience'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 * 0	/	( (309.6	+	356.1)	/ 2 )
=	-1 * 0	/	332.85
=	0.00 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	309.6	+	0
=	309.6

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	356.1	+	0
=	356.1

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * 0	/	( (356.1	+	365.577)	/ 2 )
=	-1 * 0	/	360.8385
=	0.00 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	356.1	+	0
=	356.1

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	365.577	+	0
=	365.577

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

Renascience (TSE:4889) Effective Interest Rate on Debt % Explanation

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

Renascience Effective Interest Rate on Debt % Related Terms

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Renascience Business Description

Industry

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Traded in Other Exchanges

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Address

2-3-6 Nihombashi-Honcho, Chuo-ku, Tokyo, JPN, 103-0023

Website

https://www.renascience.co.jp

Renascience Inc is engaged in the research and development of new medical solutions by utilizing various modalities such as pharmaceuticals, medical devices, artificial intelligence and others to solve problems in the medical setting.

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