Nissan Chemical (TSE:4021) Effective Interest Rate on Debt % : 1.52% (As of Mar. 2024)

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What is Nissan Chemical 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. Nissan Chemical's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was 円592 Mil. Nissan Chemical's average total debt for the quarter that ended in Mar. 2024 was 円38,851 Mil. Therefore, Nissan Chemical's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.52%.

Nissan Chemical Effective Interest Rate on Debt % Historical Data

The historical data trend for Nissan Chemical'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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Nissan Chemical Effective Interest Rate on Debt % Chart

Nissan Chemical Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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0.48

0.29

0.32

1.01

1.54

Nissan Chemical 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															1.83	1.53	2.12	2.02	1.52

Competitive Comparison of Nissan Chemical's Effective Interest Rate on Debt %

For the Chemicals subindustry, Nissan Chemical'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.

Nissan Chemical's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

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

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

Nissan Chemical Effective Interest Rate on Debt % Calculation

Nissan Chemical'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 * -526	/	( (27289	+	40980)	/ 2 )
=	-1 * -526	/	34134.5
=	1.54 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1338	+	25951
=	27289

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1284	+	39696
=	40980

Nissan Chemical'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 * -592	/	( (36722	+	40980)	/ 2 )
=	-1 * -592	/	38851
=	1.52 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1079	+	35643
=	36722

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1284	+	39696
=	40980

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.

Nissan Chemical (TSE:4021) Effective Interest Rate on Debt % Explanation

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

Nissan Chemical Effective Interest Rate on Debt % Related Terms

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Nissan Chemical (TSE:4021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nissan Chemical Corp (TSE:4021) » Definitions » Effective Interest Rate on Debt %

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NNCHY:USA NSC:Germany

Address

7-1 Kanda Nishiki-Cho 3-chome, Chiyoda-ku, Tokyo, JPN, 101-0054

Website

http://www.nissanchem.co.jp

Nissan Chemical Industries Ltd manufactures and sells chemicals, semiconductors, and pharmaceutical products. The firm organizes itself into six segments based on product type. The Performance Materials segment, which generates the most revenue of any segment, sells resins for liquid-crystal display screens and semiconductors. The Agrochemicals segment sells herbicides, insecticides, and fungicides to the agriculture industry. The Chemicals segment sells melamine, ammonia, and fine chemical products. The Pharmaceuticals segment sells anti-cholesterol agents under the Livalo brand. The other two segments are Trading and Other. The majority of revenue comes from Japan.

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