IDOM (TSE:7599) Effective Interest Rate on Debt % : 0.64% (As of Nov. 2023)

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What is IDOM 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. IDOM's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was 円332 Mil. IDOM's average total debt for the quarter that ended in Nov. 2023 was 円52,145 Mil. Therefore, IDOM's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 0.64%.

IDOM Effective Interest Rate on Debt % Historical Data

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

IDOM Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Effective Interest Rate on Debt %

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1.52

1.21

1.15

0.78

0.54

IDOM Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.53	0.58	0.64	0.64	0.67

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

For the Auto & Truck Dealerships subindustry, IDOM'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.

IDOM's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, IDOM's Effective Interest Rate on Debt % distribution charts can be found below:

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

IDOM Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2023 )	+	Total Debt (A: Feb. 2024 ))	/ count )
=	-1 * -350	/	( (67145	+	63000)	/ 2 )
=	-1 * -350	/	65072.5
=	0.54 %

where

	Total Debt (A: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	43000	+	24145
=	67145

	Total Debt (A: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	46700	+	16300
=	63000

IDOM's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2023 )	+	Total Debt (Q: Nov. 2023 ))	/ count )
=	-1 * -332	/	( (52145	+	52145)	/ 2 )
=	-1 * -332	/	52145
=	0.64 %

where

	Total Debt (Q: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	31700	+	20445
=	52145

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	31700	+	20445
=	52145

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 (Nov. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

IDOM (TSE:7599) Effective Interest Rate on Debt % Explanation

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

IDOM Effective Interest Rate on Debt % Related Terms

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IDOM (TSE:7599) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » IDOM Inc (TSE:7599) » Definitions » Effective Interest Rate on Debt %

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Address

Tokyo Building 25th Floor, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-6425

Website

http://www.glv.co.jp

IDOM Inc is principally engaged in buying and selling of used cars throughout Japan. The company's business activities include automobile purchase business, car sales business and other business related to automobile distribution. It purchases pre-owned cars from the general customers and then sells it to corporate clients, franchisees and other general customers through nationwide auctions. The group's subsidiaries are engaged in auto loan service and insurance agency service.

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