Nippon Signal Co (TSE:6741) Effective Interest Rate on Debt % : 0.30% (As of Mar. 2024)

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What is Nippon Signal 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. Nippon Signal Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was 円60 Mil. Nippon Signal Co's average total debt for the quarter that ended in Mar. 2024 was 円19,811 Mil. Therefore, Nippon Signal Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.30%.

Nippon Signal Co Effective Interest Rate on Debt % Historical Data

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

Nippon Signal Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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0.29

0.25

0.33

0.25

Nippon Signal Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.44	0.41	0.24	0.23	0.30

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

For the Electrical Equipment & Parts subindustry, Nippon Signal 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.

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

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

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

Nippon Signal Co Effective Interest Rate on Debt % Calculation

Nippon Signal Co'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 * -46	/	( (17529	+	18710)	/ 2 )
=	-1 * -46	/	18119.5
=	0.25 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7	+	17522
=	17529

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5	+	18705
=	18710

Nippon Signal Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -60	/	( (20912	+	18710)	/ 2 )
=	-1 * -60	/	19811
=	0.30 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6	+	20906
=	20912

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5	+	18705
=	18710

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

Nippon Signal Co (TSE:6741) Effective Interest Rate on Debt % Explanation

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

Nippon Signal Co Effective Interest Rate on Debt % Related Terms

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Nippon Signal Co (TSE:6741) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nippon Signal Co Ltd (TSE:6741) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

1-5-1, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-6513

Website

http://www.signal.co.jp

Nippon Signal Co Ltd is a Japanese technology company. Its products and services fall into the following categories: railway signal systems, traffic information systems, automatic fare collection, or AFR, systems, and parking information systems. The railway signal systems division provides automatic train supervision systems, relay interlocking equipment, level-crossing systems, and LED information boards. The traffic information systems division offers universal traffic management systems, local controllers, and LED traffic signal lights. The AFR system division offers comprehensive network systems to automate station operations. The parking information systems division offers car parking systems and bicycle lock systems.

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