JINS Holdings (TSE:3046) Effective Interest Rate on Debt % : 1.05% (As of Feb. 2024)

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What is JINS Holdings 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. JINS Holdings's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was 円124 Mil. JINS Holdings's average total debt for the quarter that ended in Feb. 2024 was 円11,790 Mil. Therefore, JINS Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 1.05%.

JINS Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for JINS Holdings'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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JINS Holdings Effective Interest Rate on Debt % Chart

JINS Holdings Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Effective Interest Rate on Debt %

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3.43

1.21

0.68

0.65

0.80

JINS Holdings Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.86	1.15	1.13	1.08	1.05

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

For the Medical Instruments & Supplies subindustry, JINS Holdings'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.

JINS Holdings's Effective Interest Rate on Debt % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, JINS Holdings's Effective Interest Rate on Debt % distribution charts can be found below:

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

JINS Holdings Effective Interest Rate on Debt % Calculation

JINS Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2022 )	+	Total Debt (A: Aug. 2023 ))	/ count )
=	-1 * -141	/	( (22815	+	12514)	/ 2 )
=	-1 * -141	/	17664.5
=	0.80 %

where

	Total Debt (A: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10473	+	12342
=	22815

	Total Debt (A: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10241	+	2273
=	12514

JINS Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -124	/	( (11879	+	11700)	/ 2 )
=	-1 * -124	/	11789.5
=	1.05 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10049	+	1830
=	11879

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28	+	11672
=	11700

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 (Feb. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

JINS Holdings (TSE:3046) Effective Interest Rate on Debt % Explanation

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

JINS Holdings Effective Interest Rate on Debt % Related Terms

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JINS Holdings (TSE:3046) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » JINS Holdings Inc (TSE:3046) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

5F3:Germany

Address

2-10-2 Fujimi, Iidabashi Grand Broom, 30th Floor, Chiyoda-ku, Tokyo, JPN, 102-0071

Website

https://jinsholdings.com

JINS Holdings Inc is an eye wear retailer that manufactures and sells private-label fashion eyeglasses and sunglasses. It offers prescription eyeglasses and nonprescription fashion or functional eyeglasses. Its inventory is on the shelves, and it charges flat rates with generally no additional charges or options for lens features. Jin has more than 300 stores in Japan as well as locations in China, Taiwan, and the United States. Stores are typically located in high-traffic areas such as shopping centers, malls, and train stations.

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