Asterisk (TSE:6522) Effective Interest Rate on Debt % : 0.40% (As of Feb. 2024)

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What is Asterisk 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. Asterisk's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was 円3 Mil. Asterisk's average total debt for the quarter that ended in Feb. 2024 was 円663 Mil. Therefore, Asterisk's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 0.40%.

Asterisk Effective Interest Rate on Debt % Historical Data

The historical data trend for Asterisk'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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Asterisk Effective Interest Rate on Debt % Chart

Asterisk Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

Effective Interest Rate on Debt %

1.28

1.24

0.87

0.20

Asterisk Quarterly Data
	Aug19	Aug20	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									1.60	0.67	0.32	0.49	0.40

Competitive Comparison of Asterisk's Effective Interest Rate on Debt %

For the Communication Equipment subindustry, Asterisk'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.

Asterisk's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Asterisk's Effective Interest Rate on Debt % distribution charts can be found below:

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

Asterisk Effective Interest Rate on Debt % Calculation

Asterisk'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 * -0.897	/	( (0	+	460)	/ 1 )
=	-1 * -0.897	/	460
=	0.20 %

where

	Total Debt (A: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	460
=	460

Asterisk'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 * -2.664	/	( (660	+	665)	/ 2 )
=	-1 * -2.664	/	662.5
=	0.40 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	660
=	660

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	665
=	665

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.

Asterisk (TSE:6522) Effective Interest Rate on Debt % Explanation

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

Asterisk Effective Interest Rate on Debt % Related Terms

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Asterisk (TSE:6522) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Asterisk Inc (TSE:6522) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

5-6-16 Nishinakajima, Yodogawa-ku, Osaka, JPN, 532-0011

Website

https://www.asx.co.jp

Asterisk Inc is engaged in the manufacturing, development, and sales of RFID readers and barcode scanners that utilize mobile smartphones, and development and sales of management systems that use image recognition technologies.

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