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Mimaki Engineering Co (TSE:6638) Effective Interest Rate on Debt % : 1.32% (As of Dec. 2023)


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What is Mimaki Engineering 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. Mimaki Engineering Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円393 Mil. Mimaki Engineering Co's average total debt for the quarter that ended in Dec. 2023 was 円29,801 Mil. Therefore, Mimaki Engineering Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.32%.


Mimaki Engineering Co Effective Interest Rate on Debt % Historical Data

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

Mimaki Engineering 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 0.82 1.06 0.80 0.64 0.98

Mimaki Engineering 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 1.10 1.03 1.14 1.25 1.32

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

For the Electronics & Computer Distribution subindustry, Mimaki Engineering 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.


Mimaki Engineering Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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



Mimaki Engineering Co Effective Interest Rate on Debt % Calculation

Mimaki Engineering 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  *  -259.459/( (23866.616+28851.714)/ 2 )
=-1  *  -259.459/26359.165
=0.98 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9250.674 + 14615.942
=23866.616

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6909.599 + 21942.115
=28851.714

Mimaki Engineering 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  *  -392.736/( (30530.072+29071.523)/ 2 )
=-1  *  -392.736/29800.7975
=1.32 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7212.579 + 23317.493
=30530.072

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6520.985 + 22550.538
=29071.523

* 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.


Mimaki Engineering Co  (TSE:6638) Effective Interest Rate on Debt % Explanation

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


Mimaki Engineering Co Effective Interest Rate on Debt % Related Terms

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Mimaki Engineering Co (TSE:6638) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2182-3 Shigeno-Otsu, Nagano Prefecture, Tojin-shi, JPN, 389-0512
Mimaki Engineering Co Ltd manufactures and sells computer devices and software mainly in Japan. Its product offerings include inkjet printers, cutting plotters, 3D printer, laminator and desktop modeling plotters. In addition, the company also provides color management and cutting software. Mimaki also offers maintenance and repair services.

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