Iida Group Holdings Co (TSE:3291) Effective Interest Rate on Debt % : 1.75% (As of Dec. 2023)

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What is Iida Group 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. Iida Group Holdings Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円10,860 Mil. Iida Group Holdings Co's average total debt for the quarter that ended in Dec. 2023 was 円620,904 Mil. Therefore, Iida Group Holdings Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.75%.

Iida Group Holdings Co Effective Interest Rate on Debt % Historical Data

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

Iida Group Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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0.86

1.07

0.74

0.72

0.97

Iida Group Holdings 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															1.68	0.92	0.88	1.52	1.75

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

For the Residential Construction subindustry, Iida Group 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.

Iida Group Holdings Co's Effective Interest Rate on Debt % Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Iida Group Holdings Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Iida Group Holdings Co Effective Interest Rate on Debt % Calculation

Iida Group Holdings 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 * -5220	/	( (524108	+	554043)	/ 2 )
=	-1 * -5220	/	539075.5
=	0.97 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	268880	+	255228
=	524108

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	279473	+	274570
=	554043

Iida Group 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 * -10860	/	( (600745	+	641062)	/ 2 )
=	-1 * -10860	/	620903.5
=	1.75 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	288663	+	312082
=	600745

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	313663	+	327399
=	641062

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.

Iida Group Holdings Co (TSE:3291) Effective Interest Rate on Debt % Explanation

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

Iida Group Holdings Co Effective Interest Rate on Debt % Related Terms

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Iida Group Holdings Co (TSE:3291) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Iida Group Holdings Co Ltd (TSE:3291) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

IIO:Germany

Address

1-4-1, Nishihara-cho Nishitokyo, Tokyo, JPN

Website

https://www.ighd.co.jp

Iida Group Holdings Co Ltd is engaged in the operation of real estate business. It is involved in the development of real estate properties and the sale of various real estate properties. The company is also involved in various other real estate-related activities, such as renovation works, real estate brokerage services, hot spring and golf course operations, arrangement and lending of mortgage loans, and the provision of Internet-related consulting services, among others.

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