NIKKON Holdings Co (TSE:9072) Effective Interest Rate on Debt % : 0.36% (As of Dec. 2023)

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What is NIKKON Holdings 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. NIKKON Holdings Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円288 Mil. NIKKON Holdings Co's average total debt for the quarter that ended in Dec. 2023 was 円80,201 Mil. Therefore, NIKKON Holdings Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.36%.

NIKKON Holdings Co Effective Interest Rate on Debt % Historical Data

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

NIKKON Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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0.37

0.36

0.34

0.33

NIKKON Holdings 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															0.33	0.33	0.32	0.36	0.29

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

For the Integrated Freight & Logistics subindustry, NIKKON Holdings 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.

NIKKON Holdings Co's Effective Interest Rate on Debt % Distribution in the Transportation Industry

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

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

NIKKON Holdings Co Effective Interest Rate on Debt % Calculation

NIKKON Holdings 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 * -253	/	( (73450	+	79504)	/ 2 )
=	-1 * -253	/	76477
=	0.33 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	60140	+	13310
=	73450

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	67118	+	12386
=	79504

NIKKON Holdings 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 * -288	/	( (80292	+	80110)	/ 2 )
=	-1 * -288	/	80201
=	0.36 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	68130	+	12162
=	80292

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	67884	+	12226
=	80110

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.

NIKKON Holdings Co (TSE:9072) Effective Interest Rate on Debt % Explanation

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

NIKKON Holdings Co Effective Interest Rate on Debt % Related Terms

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NIKKON Holdings Co (TSE:9072) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » NIKKON Holdings Co Ltd (TSE:9072) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

1CM:Germany

Address

6-17 Akashi-cho, Chuo-ku, Tokyo, JPN

Website

http://www.nikkon-hd.co.jp

NIKKON Holdings Co Ltd is a logistics company, domiciled in Japan. The company organizes itself into five segments: shipping, warehousing, packaging, test, and others. The shipping segment, which provides the largest portion of revenue, transports heavy equipment by road, including vehicles, vehicle parts, and machinery. Packaging, the next- largest segment, processes, and packs cargo. The warehousing segment provides storage for cargo. The test segment provides vehicle and machinery testing services. The other segment repairs vehicles leases real estate and sells insurance. The company earns the majority of its revenue in Japan and a small proportion of revenue from North America and Asia.

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