Japan Insulation Co (TSE:5368) Effective Interest Rate on Debt % : 0.63% (As of Dec. 2023)

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What is Japan Insulation 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. Japan Insulation Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円6 Mil. Japan Insulation Co's average total debt for the quarter that ended in Dec. 2023 was 円977 Mil. Therefore, Japan Insulation Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.63%.

Japan Insulation Co Effective Interest Rate on Debt % Historical Data

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

Japan Insulation Co Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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0.74

0.77

0.63

0.53

0.57

Japan Insulation Co Quarterly Data
	Mar18	Mar19	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														0.57	0.53	0.64	0.42	0.63

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

For the Specialty Industrial Machinery subindustry, Japan Insulation 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.

Japan Insulation Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

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

Japan Insulation Co Effective Interest Rate on Debt % Calculation

Japan Insulation 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 * -5.898	/	( (1079.909	+	977.678)	/ 2 )
=	-1 * -5.898	/	1028.7935
=	0.57 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	550.438	+	529.471
=	1079.909

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	380.89	+	596.788
=	977.678

Japan Insulation 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 * -6.184	/	( (947.578	+	1007.174)	/ 2 )
=	-1 * -6.184	/	977.376
=	0.63 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	321.1	+	626.478
=	947.578

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	441.25	+	565.924
=	1007.174

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.

Japan Insulation Co (TSE:5368) Effective Interest Rate on Debt % Explanation

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

Japan Insulation Co Effective Interest Rate on Debt % Related Terms

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Japan Insulation Co (TSE:5368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Japan Insulation Co Ltd (TSE:5368) » Definitions » Effective Interest Rate on Debt %

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Address

Beside Kiba 3rd Floor, 2-17-16, Kiba, Koto-ku, Tokyo, JPN, 135-0042

Website

https://www.jic-bestork.co.jp

Japan Insulation Co Ltd is engaged in manufacturing and selling heat insulating materials made of Xonotlite-type calcium silicate. The company develops, produces, and sells disaster prevention materials to disturb a fire, including fireproof and non-combustible materials for buildings, non-combustible interior materials for ships, thermal insulation materials for plant equipment, fireproof materials for telecommunication cables for bridges and tunnels, boards for processing sculptures and signboards, and lightweight and highly heat resistant inorganic powder.

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