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Micron Machinery Co (TSE:6159) Effective Interest Rate on Debt % : 0.19% (As of Feb. 2024)


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What is Micron Machinery 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. Micron Machinery Co's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was 円1 Mil. Micron Machinery Co's average total debt for the quarter that ended in Feb. 2024 was 円536 Mil. Therefore, Micron Machinery Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 0.19%.


Micron Machinery Co Effective Interest Rate on Debt % Historical Data

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

Micron Machinery Co Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.29 0.21 0.11 - 0.21

Micron Machinery Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 0.19 0.14 0.18 0.09 0.19

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

For the Specialty Industrial Machinery subindustry, Micron Machinery 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.


Micron Machinery Co's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

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



Micron Machinery Co Effective Interest Rate on Debt % Calculation

Micron Machinery Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Aug. 2022 )+Total Debt  (A: Aug. 2023 ))/ count )
=-1  *  -0.848/( (0+409.4)/ 1 )
=-1  *  -0.848/409.4
=0.21 %

where

Micron Machinery Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Nov. 2023 )+Total Debt  (Q: Feb. 2024 ))/ count )
=-1  *  -1.012/( (0+535.9)/ 1 )
=-1  *  -1.012/535.9
=0.19 %

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


Micron Machinery Co  (TSE:6159) Effective Interest Rate on Debt % Explanation

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


Micron Machinery Co Effective Interest Rate on Debt % Related Terms

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Micron Machinery Co (TSE:6159) Business Description

Traded in Other Exchanges
N/A
Address
578-2 Uwano, Zao, Yamagata, JPN, 990-2303
Micron Machinery Co.,Ltd. is engaged in manufacturing and selling grinding machines in Japan. Its products include centerless and internal grinders. The company also exports its products to Australia, Austria, Brazil, Canada, Switzerland, China, the Czech Republic, Spain and France among other countries.

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