Tokushu Tokai Paper Co (TSE:3708) Effective Interest Rate on Debt % : 0.55% (As of Dec. 2023)

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What is Tokushu Tokai Paper 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. Tokushu Tokai Paper Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円156 Mil. Tokushu Tokai Paper Co's average total debt for the quarter that ended in Dec. 2023 was 円28,396 Mil. Therefore, Tokushu Tokai Paper Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.55%.

Tokushu Tokai Paper Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Tokushu Tokai Paper 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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Tokushu Tokai Paper Co Effective Interest Rate on Debt % Chart

Tokushu Tokai Paper Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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0.67

0.62

0.71

0.55

0.56

Tokushu Tokai Paper 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															0.56	0.59	0.53	0.54	0.55

Competitive Comparison of Tokushu Tokai Paper Co's Effective Interest Rate on Debt %

For the Paper & Paper Products subindustry, Tokushu Tokai Paper 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.

Tokushu Tokai Paper Co's Effective Interest Rate on Debt % Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Tokushu Tokai Paper Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Tokushu Tokai Paper Co's Effective Interest Rate on Debt % falls into.

Tokushu Tokai Paper Co Effective Interest Rate on Debt % Calculation

Tokushu Tokai Paper 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 * -137	/	( (24792	+	24407)	/ 2 )
=	-1 * -137	/	24599.5
=	0.56 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9299	+	15493
=	24792

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10368	+	14039
=	24407

Tokushu Tokai Paper 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 * -156	/	( (28238	+	28553)	/ 2 )
=	-1 * -156	/	28395.5
=	0.55 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11412	+	16826
=	28238

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13416	+	15137
=	28553

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.

Tokushu Tokai Paper Co (TSE:3708) Effective Interest Rate on Debt % Explanation

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

Tokushu Tokai Paper Co Effective Interest Rate on Debt % Related Terms

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Tokushu Tokai Paper Co (TSE:3708) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Tokushu Tokai Paper Co Ltd (TSE:3708) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Zyouwa Yaesu Build 6F, Tokyo, JPN

Website

http://www.tt-paper.co.jp

Tokushu Tokai Paper Co Ltd manufactures and sells a variety of paper products. The company organizes itself into three primary divisions based on product type. The special-use paper division sells specialized paper that is used for food packaging, art printing, and securities protection. The industrial paper division sells paper that is used for fresh vegetable and cosmetic packaging, as well as water repellent paper. The household products division sells coffee and tea filter paper as well as other paper products used for cooking.

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