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Cocolonet Co (TSE:6060) Effective Interest Rate on Debt % : 0.72% (As of Dec. 2023)


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What is Cocolonet 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. Cocolonet Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円2 Mil. Cocolonet Co's average total debt for the quarter that ended in Dec. 2023 was 円325 Mil. Therefore, Cocolonet Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.72%.


Cocolonet Co Effective Interest Rate on Debt % Historical Data

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

Cocolonet Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.59 0.57 0.53 0.52 0.54

Cocolonet Co Quarterly Data
Mar19 Jun19 Sep19 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 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 0.62 0.68 0.72 0.24 0.72

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

For the Personal Services subindustry, Cocolonet 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.


Cocolonet Co's Effective Interest Rate on Debt % Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Cocolonet Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



Cocolonet Co Effective Interest Rate on Debt % Calculation

Cocolonet 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  *  -0.849/( (216.314+99.056)/ 2 )
=-1  *  -0.849/157.685
=0.54 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=99.056 + 117.258
=216.314

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=44.62 + 54.436
=99.056

Cocolonet 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  *  -2.348/( (359.2+290.2)/ 2 )
=-1  *  -2.348/324.7
=0.72 %

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Cocolonet Co  (TSE:6060) Effective Interest Rate on Debt % Explanation

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


Cocolonet Co Effective Interest Rate on Debt % Related Terms

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Cocolonet Co (TSE:6060) Business Description

Traded in Other Exchanges
N/A
Address
15-1, Funatomae, Kamata, Fukushima-shi, Fukushima, JPN, 960-0102
Cocolonet Co Ltd is a Japan-based company engaged in providing funeral and wedding services. It is also involved in the wholesale and retail of tombstones; and operation of housing for elderly people.

Cocolonet Co (TSE:6060) Headlines

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