Right On Co (TSE:7445) Effective Interest Rate on Debt % : 1.32% (As of Aug. 2024)

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What is Right On 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. Right On Co's annualized positive value of Interest Expense for the quarter that ended in Aug. 2024 was 円36 Mil. Right On Co's average total debt for the quarter that ended in Aug. 2024 was 円2,728 Mil. Therefore, Right On Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 was 1.32%.

Right On Co Effective Interest Rate on Debt % Historical Data

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

Right On Co Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Effective Interest Rate on Debt %

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0.38

0.79

1.83

1.64

1.42

Right On Co Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															1.70	1.69	1.36	1.53	1.32

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

For the Apparel Retail subindustry, Right On 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.

Right On Co's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Right On Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Right On Co Effective Interest Rate on Debt % Calculation

Right On Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2023 )	+	Total Debt (A: Aug. 2024 ))	/ count )
=	-1 * -54	/	( (5147	+	2442)	/ 2 )
=	-1 * -54	/	3794.5
=	1.42 %

where

	Total Debt (A: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1343	+	3804
=	5147

	Total Debt (A: Aug. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1	+	2441
=	2442

Right On Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: May. 2024 )	+	Total Debt (Q: Aug. 2024 ))	/ count )
=	-1 * -36	/	( (3013	+	2442)	/ 2 )
=	-1 * -36	/	2727.5
=	1.32 %

where

	Total Debt (Q: May. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	3013
=	3013

	Total Debt (Q: Aug. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1	+	2441
=	2442

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

Right On Co (TSE:7445) Effective Interest Rate on Debt % Explanation

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

Right On Co Effective Interest Rate on Debt % Related Terms

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Right On Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Right On Co Ltd (TSE:7445) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-11-1 Azuma, Ibaraki, Tsukuba-shi, JPN, 305-8503

Website

http://www.right-on.co.jp

Right On Co Ltd is a Japanese company engaged in selling casual wear through its stores. It offers jeans to various customers of all ages and genders. Its products include wash denim, water-repellent denim, and all-around stretch pants. It sells its products through online and nationwide chain store located in shopping centers, power centers, and station buildings, urban street stores, and suburban roadside stores.

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