Nitori Holdings Co (TSE:9843) Effective Interest Rate on Debt % : 0.38% (As of Dec. 2023)

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What is Nitori 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. Nitori Holdings Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円544 Mil. Nitori Holdings Co's average total debt for the quarter that ended in Dec. 2023 was 円141,941 Mil. Therefore, Nitori Holdings Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.38%.

Nitori Holdings Co Effective Interest Rate on Debt % Historical Data

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

Nitori Holdings Co Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Effective Interest Rate on Debt %

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0.89

0.87

2.19

0.80

0.51

Nitori Holdings Co Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.36	0.37	0.37	0.35	0.38

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

For the Furnishings, Fixtures & Appliances subindustry, Nitori 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.

Nitori Holdings Co's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nitori Holdings Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Nitori Holdings Co Effective Interest Rate on Debt % Calculation

Nitori Holdings Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2021 )	+	Total Debt (A: Feb. 2022 ))	/ count )
=	-1 * -387	/	( (58160	+	92734)	/ 2 )
=	-1 * -387	/	75447
=	0.51 %

where

	Total Debt (A: Feb. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7875	+	50285
=	58160

	Total Debt (A: Feb. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	56003	+	36731
=	92734

Nitori 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 * -544	/	( (124704	+	159177)	/ 2 )
=	-1 * -544	/	141940.5
=	0.38 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	39207	+	85497
=	124704

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	40188	+	118989
=	159177

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.

Nitori Holdings Co (TSE:9843) Effective Interest Rate on Debt % Explanation

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

Nitori Holdings Co Effective Interest Rate on Debt % Related Terms

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Nitori Holdings Co (TSE:9843) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nitori Holdings Co Ltd (TSE:9843) » Definitions » Effective Interest Rate on Debt %

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NCLTY:USA NCLTF:USA

Address

6-20, Kamiya 3-chome, Kita-ku, Tokyo, JPN, 115-0043

Website

http://www.nitorihd.co.jp

Nitori Holdings Co Ltd is a Japanese holding company engaged in the sale of furniture and interior goods. It primarily operates home furnishing and fashion stores, along with other ventures such as the Nitori Mall and Corporate Enterprise, which focuses on corporate customers. It conducts these operations and more through its subsidiaries. The firm's products include bedding, curtains, cookware, tableware, tables, desks, and sofas. Nitori's operations are divided among manufacturing, trading company and logistics (which deals with imports and distribution centers), sales, and advertisement and publicity. Aside from its presence across Japan, the company operates in California, China, Huizhou, Indonesia, Shanghai, and Vietnam.

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