Marumae Co (TSE:6264) Effective Interest Rate on Debt % : 0.65% (As of Feb. 2024)

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What is Marumae 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. Marumae Co's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was 円21 Mil. Marumae Co's average total debt for the quarter that ended in Feb. 2024 was 円3,262 Mil. Therefore, Marumae Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 0.65%.

Marumae Co Effective Interest Rate on Debt % Historical Data

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

Marumae Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Effective Interest Rate on Debt %

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0.76

0.72

0.69

0.71

0.70

Marumae 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															0.65	0.67	0.66	0.65	0.65

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

For the Specialty Industrial Machinery subindustry, Marumae 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.

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

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

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

Marumae Co Effective Interest Rate on Debt % Calculation

Marumae 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 * -23.57	/	( (3250.312	+	3519.024)	/ 2 )
=	-1 * -23.57	/	3384.668
=	0.70 %

where

	Total Debt (A: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2686.524	+	563.788
=	3250.312

	Total Debt (A: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2907.54	+	611.484
=	3519.024

Marumae 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 * -21.264	/	( (3337.404	+	3185.766)	/ 2 )
=	-1 * -21.264	/	3261.585
=	0.65 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2745.052	+	592.352
=	3337.404

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2605.59	+	580.176
=	3185.766

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.

Marumae Co (TSE:6264) Effective Interest Rate on Debt % Explanation

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

Marumae Co Effective Interest Rate on Debt % Related Terms

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Marumae Co (TSE:6264) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Marumae Co Ltd (TSE:6264) » Definitions » Effective Interest Rate on Debt %

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Address

3816 No. 41 Okubo-cho, Izumi City, Kagoshima, JPN, 899-0401

Website

http://www.marumae.com

Marumae Co Ltd is a Japan-based machinery manufacturer. The company is mainly engaged in the designing, manufacturing, and processing of precision machinery and precision equipment. It offers liquid crystal manufacturing and semiconductor manufacturing equipment, industrial and medical machinery and equipment. It is also engaged in the development and sale of software, real estate leasing, and transportation business.

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