Toshiba Tec (TSE:6588) Effective Interest Rate on Debt % : 8.48% (As of Sep. 2024)

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What is Toshiba Tec 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. Toshiba Tec's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was 円1,744 Mil. Toshiba Tec's average total debt for the quarter that ended in Sep. 2024 was 円20,558 Mil. Therefore, Toshiba Tec's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 8.48%.

Toshiba Tec Effective Interest Rate on Debt % Historical Data

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

Toshiba Tec Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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2.89

1.87

1.85

2.23

3.57

Toshiba Tec Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.91	4.18	11.16	2.12	8.48

Competitive Comparison of Toshiba Tec's Effective Interest Rate on Debt %

For the Computer Hardware subindustry, Toshiba Tec'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.

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

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

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

Toshiba Tec Effective Interest Rate on Debt % Calculation

Toshiba Tec's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2023 )	+	Total Debt (A: Mar. 2024 ))	/ count )
=	-1 * -1180	/	( (26816	+	39367)	/ 2 )
=	-1 * -1180	/	33091.5
=	3.57 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18385	+	8431
=	26816

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26366	+	13001
=	39367

Toshiba Tec's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -1744	/	( (0	+	20558)	/ 1 )
=	-1 * -1744	/	20558
=	8.48 %

where

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

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12566	+	7992
=	20558

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

Toshiba Tec (TSE:6588) Effective Interest Rate on Debt % Explanation

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

Toshiba Tec Effective Interest Rate on Debt % Related Terms

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Toshiba Tec Business Description

Industry

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Address

1-11-1, Osaki, Shinagawa-ku, Gate City Ohsaki West Tower, Tokyo, JPN, 141-8562

Website

http://www.toshibatec.co.jp

Toshiba Tec Corp is a Japan-based company that designs, manufactures, and distributes office equipment and machinery. Its product lineup is organized in four segments--retail solutions, which includes point-of-sale systems, self-checkout machines, kiosks and displays; printing solutions, which includes desktop, mobile, barcode, and multifunction printers; inkjet solutions, which includes high resolution inkjet printers; and original design manufacturer solutions, which include print heads, power supplies, barcodes, knives, cutters, display units, and other modules. The firm has operations in the Americas, Europe, Middle East and Africa, and Asia-Pacific regions.

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