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Odakyu Electric Railway Co (TSE:9007) Effective Interest Rate on Debt % : 0.71% (As of Dec. 2023)


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What is Odakyu Electric Railway 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. Odakyu Electric Railway Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円4,172 Mil. Odakyu Electric Railway Co's average total debt for the quarter that ended in Dec. 2023 was 円584,224 Mil. Therefore, Odakyu Electric Railway Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.71%.


Odakyu Electric Railway Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Odakyu Electric Railway 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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Odakyu Electric Railway Co Effective Interest Rate on Debt % Chart

Odakyu Electric Railway Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.95 0.85 0.80 0.69 0.67

Odakyu Electric Railway Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.67 0.68 0.66 0.70 0.71

Competitive Comparison of Odakyu Electric Railway Co's Effective Interest Rate on Debt %

For the Railroads subindustry, Odakyu Electric Railway 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.


Odakyu Electric Railway Co's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Odakyu Electric Railway Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



Odakyu Electric Railway Co Effective Interest Rate on Debt % Calculation

Odakyu Electric Railway Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2022 )+Total Debt  (A: Mar. 2023 ))/ count )
=-1  *  -4515/( (691660+648776)/ 2 )
=-1  *  -4515/670218
=0.67 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=477743 + 213917
=691660

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=401262 + 247514
=648776

Odakyu Electric Railway 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  *  -4172/( (585651+582796)/ 2 )
=-1  *  -4172/584223.5
=0.71 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=352280 + 233371
=585651

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=350092 + 232704
=582796

* 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.

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.


Odakyu Electric Railway Co  (TSE:9007) Effective Interest Rate on Debt % Explanation

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


Odakyu Electric Railway Co Effective Interest Rate on Debt % Related Terms

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Odakyu Electric Railway Co (TSE:9007) Business Description

Traded in Other Exchanges
Address
1-8-3 Nishishinjuku Shinjuku-ku, Tokyo, JPN, 160-8309
Odakyu Electric Railway Co Ltd is a Japanese company which provides transportation services. The company has three reportable segments namely Transportation, Merchandising and Real Estate. The Transportation segment provides services through railway, bus, taxi, sightseeing boat, and ropeway. Merchandising segment operates departmental stores and supermarket. Real Estate segment is engaged in the sale of land and buildings, leasing of buildings and others. The company also offers services including hotel, restaurant, travel agent, golf course, railway maintenance service, building management and maintenance, advertising agency, horticulture and gardening, bookkeeping service, insurance agency, nursing and child care. The majority of the company's revenue comes from transportation business.

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