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Nippon Souken Co (TSE:5840) Effective Interest Rate on Debt % : 1.22% (As of Nov. 2024)


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What is Nippon Souken 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. Nippon Souken Co's annualized positive value of Interest Expense for the quarter that ended in Nov. 2024 was 円1.9 Mil. Nippon Souken Co's average total debt for the quarter that ended in Nov. 2024 was 円159.4 Mil. Therefore, Nippon Souken Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2024 was 1.22%.

Nippon Souken Co Effective Interest Rate on Debt % Historical Data

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

Nippon Souken Co Annual Data
Trend Nov21 Nov22 Nov23 Nov24
Effective Interest Rate on Debt %
0.71 0.67 0.99 1.02

Nippon Souken Co Semi-Annual Data
Nov21 Nov22 May23 Nov23 May24 Nov24
Effective Interest Rate on Debt % Get a 7-Day Free Trial - 0.76 1.27 1.03 1.22

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

For the Insurance Brokers subindustry, Nippon Souken 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.

Nippon Souken Co's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Nippon Souken Co's Effective Interest Rate on Debt % distribution charts can be found below:

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


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Nippon Souken Co Effective Interest Rate on Debt % Calculation

Nippon Souken Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Nov. 2023 )+Total Debt  (A: Nov. 2024 ))/ count )
=-1  *  -1.71/( (150.981+183.728)/ 2 )
=-1  *  -1.71/167.3545
=1.02 %

where

Total Debt  (A: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=120.375 + 30.606
=150.981

Total Debt  (A: Nov. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=142.409 + 41.319
=183.728

Nippon Souken Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: May. 2024 )+Total Debt  (Q: Nov. 2024 ))/ count )
=-1  *  -1.944/( (135.084+183.728)/ 2 )
=-1  *  -1.944/159.406
=1.22 %

where

Total Debt  (Q: May. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=107.955 + 27.129
=135.084

Total Debt  (Q: Nov. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=142.409 + 41.319
=183.728

* 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 two times the semi-annual (Nov. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Nippon Souken Co  (TSE:5840) Effective Interest Rate on Debt % Explanation

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

Nippon Souken Co Effective Interest Rate on Debt % Related Terms

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Nippon Souken Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Nippon Souken Co Ltd (TSE:5840) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
TSE:7170 NGO:5836 MMC AJG AON BRO WTW ERIE BOM:543390 CRVL ASX:SDF AIFU GSHD BWIN ASX:AUB MEX:GPROFUT SAU:8313 XSGO:BANVIDA QDMI TWFG
Traded in Other Exchanges
N/A
Address
2-1 Sunport, Takamatsu Symbol Tower 9th floor, Kagawa Prefecture, Takamatsu, JPN, 760-0019
Website
https://www.iba-ns.com
Nippon Souken Co Ltd is an insurance broker authorized by the Financial Services Agency to specialize in risk and insurance. The company provides a one-stop solution to the problems faced by insurance representatives.

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