Aichi Steel (FRA:8T2) Effective Interest Rate on Debt % : 1.34% (As of Mar. 2024)

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What is Aichi Steel 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. Aichi Steel's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €6 Mil. Aichi Steel's average total debt for the quarter that ended in Mar. 2024 was €459 Mil. Therefore, Aichi Steel's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.34%.

Aichi Steel Effective Interest Rate on Debt % Historical Data

The historical data trend for Aichi Steel'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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Aichi Steel Effective Interest Rate on Debt % Chart

Aichi Steel Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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0.27

0.42

0.34

0.42

0.64

Aichi Steel 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															0.50	0.44	0.49	1.74	1.34

Competitive Comparison of Aichi Steel's Effective Interest Rate on Debt %

For the Steel subindustry, Aichi Steel'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.

Aichi Steel's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Aichi Steel's Effective Interest Rate on Debt % distribution charts can be found below:

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

Aichi Steel Effective Interest Rate on Debt % Calculation

Aichi Steel'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 * -3.365	/	( (603.692	+	450.615)	/ 2 )
=	-1 * -3.365	/	527.1535
=	0.64 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	510.665	+	93.027
=	603.692

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	356.631	+	93.984
=	450.615

Aichi Steel'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 * -6.14	/	( (467.367	+	450.615)	/ 2 )
=	-1 * -6.14	/	458.991
=	1.34 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	369.885	+	97.482
=	467.367

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	356.631	+	93.984
=	450.615

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.

Aichi Steel (FRA:8T2) Effective Interest Rate on Debt % Explanation

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

Aichi Steel Effective Interest Rate on Debt % Related Terms

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Aichi Steel (FRA:8T2) Business Description

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5482:Japan

Address

1 Wanowari Araomachi, Aichi-ken, Tokai, JPN, 476-8666

Website

http://www.aichi-steel.co.jp

Aichi Steel Corp is a Japan-based company that manufactures and sells steel, forged products and electro-magnetic products. The company operates through four segments. The steel segment manufactures and sells specialty steel, stainless steel, and titanium. The forged product segment produces a wide variety of forgings. The electromagnetic products segment manufactures electromagnetic components. The steel and forged products segments are the two biggest segments, representing the majority of Aichi Steel's sales. Aichi Steel is a member of Toyota Group. Toyota Motor and Toyota Tsusho are its major customers. The company generates most of its revenue from the Japanese domestic market.

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