Hyakugo Bank (TSE:8368) Effective Interest Rate on Debt % : 0.95% (As of Mar. 2024)

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What is Hyakugo Bank 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. Hyakugo Bank's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was 円9,564 Mil. Hyakugo Bank's average total debt for the quarter that ended in Mar. 2024 was 円1,004,665 Mil. Therefore, Hyakugo Bank's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.95%.

Hyakugo Bank Effective Interest Rate on Debt % Historical Data

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

Hyakugo Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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1.12

0.45

0.23

0.65

0.96

Hyakugo Bank Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															1.26	1.16	1.00	0.95	1.23

Competitive Comparison of Hyakugo Bank's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Hyakugo Bank'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.

Hyakugo Bank's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Hyakugo Bank's Effective Interest Rate on Debt % distribution charts can be found below:

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

Hyakugo Bank Effective Interest Rate on Debt % Calculation

Hyakugo Bank'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 * -9333	/	( (837852	+	1099857)	/ 2 )
=	-1 * -9333	/	968854.5
=	0.96 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	837852	+	0
=	837852

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1099857	+	0
=	1099857

Hyakugo Bank'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 * -9564	/	( (909472	+	1099857)	/ 2 )
=	-1 * -9564	/	1004664.5
=	0.95 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	909472	+	0
=	909472

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1099857	+	0
=	1099857

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.

Hyakugo Bank (TSE:8368) Effective Interest Rate on Debt % Explanation

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

Hyakugo Bank Effective Interest Rate on Debt % Related Terms

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Hyakugo Bank Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hyakugo Bank Ltd (TSE:8368) » Definitions » Effective Interest Rate on Debt %

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Address

21-27, Iwata, Tsu, Mie, JPN, 514-8666

Website

http://www.hyakugo.co.jp

Hyakugo Bank Ltd is a Japanese bank that operates primarily in the Mie and Aichi prefectures. The bank's earning assets are just over half in loans and bills discounted and just under half in securities. Its loan portfolio is a diverse mix of loans to individuals, consumers, and small and medium-size companies. Housing loans dominate most loans made to consumers. Most outstanding loans to small and medium-size companies are in the manufacturing, real estate, wholesale and retail, government, financial services, and construction industries. Nearly all of the loans are made in the region the bank operates in. The bank's deposit base mostly originates from individuals.

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