Chori Co (TSE:8014) Effective Interest Rate on Debt % : 21.17% (As of Dec. 2023)

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What is Chori 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. Chori Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円844 Mil. Chori Co's average total debt for the quarter that ended in Dec. 2023 was 円3,986 Mil. Therefore, Chori Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 21.17%.

Chori Co Effective Interest Rate on Debt % Historical Data

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

Chori Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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4.89

3.42

1.98

10.46

15.15

Chori 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															12.91	12.69	19.14	21.17	3.18

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

For the Conglomerates subindustry, Chori 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.

Chori Co's Effective Interest Rate on Debt % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Chori Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Chori Co Effective Interest Rate on Debt % Calculation

Chori 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 * -592	/	( (5061	+	2755)	/ 2 )
=	-1 * -592	/	3908
=	15.15 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	132	+	4929
=	5061

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19	+	2736
=	2755

Chori 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 * -844	/	( (3925	+	4047)	/ 2 )
=	-1 * -844	/	3986
=	21.17 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	75	+	3850
=	3925

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	47	+	4000
=	4047

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.

Chori Co (TSE:8014) Effective Interest Rate on Debt % Explanation

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

Chori Co Effective Interest Rate on Debt % Related Terms

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Chori Co (TSE:8014) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Chori Co Ltd (TSE:8014) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-7-3 , Awajimachi, Chuo-ku, Osaka, JPN, 540-8603

Website

http://www.chori.co.jp

Chori Co Ltd engages in textiles, chemicals, and machinery businesses. The textile business is engaged in weaving, knitting, dyeing and sewing. It sells polyester threads mainly for materials such as car seats, and handling fabrics centering on car seats and for apparels. Chemical business develops inorganic chemicals and mineral products for cosmetics, personal care and food additive applications. Machinery businesses export agricultural machinery, construction machinery, industrial equipment, and marine equipment. Chori has geographic operations in China, Japan, Europe, the United States, Hong Kong, and the Middle East.

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