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Bando Chemical Industries (TSE:5195) Effective Interest Rate on Debt % : 6.97% (As of Mar. 2024)


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What is Bando Chemical Industries 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. Bando Chemical Industries's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was 円564 Mil. Bando Chemical Industries's average total debt for the quarter that ended in Mar. 2024 was 円8,094 Mil. Therefore, Bando Chemical Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.97%.


Bando Chemical Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for Bando Chemical Industries'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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Bando Chemical Industries Effective Interest Rate on Debt % Chart

Bando Chemical Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.31 0.69 0.77 2.94 3.79

Bando Chemical Industries 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.34 2.07 4.42 18.60 6.97

Competitive Comparison of Bando Chemical Industries's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Bando Chemical Industries'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.


Bando Chemical Industries's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Bando Chemical Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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



Bando Chemical Industries Effective Interest Rate on Debt % Calculation

Bando Chemical Industries'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  *  -363/( (11569+7587)/ 2 )
=-1  *  -363/9578
=3.79 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3587 + 7982
=11569

Bando Chemical Industries'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  *  -564/( (8600+7587)/ 2 )
=-1  *  -564/8093.5
=6.97 %

where

* 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.

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.


Bando Chemical Industries  (TSE:5195) Effective Interest Rate on Debt % Explanation

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


Bando Chemical Industries Effective Interest Rate on Debt % Related Terms

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Bando Chemical Industries (TSE:5195) Business Description

Traded in Other Exchanges
N/A
Address
6-6, Minatojima Minamimachi 4-chome, Chuo-ku, Kobe, JPN, 650-0047
Bando Chemical Industries Ltd manufactures and sells rubber and plastic products such as power transmission belts and systems, belts used in precision equipment, and multimedia parts made form urethane and resins. It operates its business under Belt, Advanced Elastomer Products, and Other segments. Belt segment manufactures and sells transmission belts for automobiles and general industry use, conveyor belts, resin conveyor belts, synchronous conveyor belts, transportation system products, hulling roll and railway track product, among others. Elastomer segment manufactures and sells polyurethane functional components, precision abrasives, films for building materials, medical films and industrial films, among others. Bando earns the majority of its revenue from Belt business.

Bando Chemical Industries (TSE:5195) Headlines

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