Sumitomo Riko Co (TSE:5191) Effective Interest Rate on Debt % : 3.01% (As of Mar. 2024)

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What is Sumitomo Riko 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. Sumitomo Riko Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was 円2,896 Mil. Sumitomo Riko Co's average total debt for the quarter that ended in Mar. 2024 was 円96,089 Mil. Therefore, Sumitomo Riko Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.01%.

Sumitomo Riko Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Sumitomo Riko 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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Sumitomo Riko Co Effective Interest Rate on Debt % Chart

Sumitomo Riko Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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1.69

1.03

1.18

1.98

3.66

Sumitomo Riko Co 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															3.31	3.48	3.43	4.75	3.01

Competitive Comparison of Sumitomo Riko Co's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Sumitomo Riko 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.

Sumitomo Riko Co's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sumitomo Riko Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sumitomo Riko Co's Effective Interest Rate on Debt % falls into.

Sumitomo Riko Co Effective Interest Rate on Debt % Calculation

Sumitomo Riko Co'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 * -3804	/	( (114894	+	92711)	/ 2 )
=	-1 * -3804	/	103802.5
=	3.66 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	77534	+	37360
=	114894

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	72963	+	19748
=	92711

Sumitomo Riko Co'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 * -2896	/	( (99467	+	92711)	/ 2 )
=	-1 * -2896	/	96089
=	3.01 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	71586	+	27881
=	99467

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	72963	+	19748
=	92711

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.

Sumitomo Riko Co (TSE:5191) Effective Interest Rate on Debt % Explanation

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

Sumitomo Riko Co Effective Interest Rate on Debt % Related Terms

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Sumitomo Riko Co (TSE:5191) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sumitomo Riko Co Ltd (TSE:5191) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

1 Higashi 3-chome, Aichi, Komaki, JPN, 485-8550

Website

http://www.sumitomoriko.co.jp

Sumitomo Riko Co Ltd manufactures and sells automotive parts that include antivibration rubbers and hoses, IT-related products, and various industrial materials. The company's high-polymer compounding technology serves as a major component to many of the products it engineers. Sumitomo derives a significant portion of sales from its automotive segment, with revenue dispersed globally. Alongside antivibration rubbers and hoses, automotive product offerings include sound controlling and insulation products, interior equipment (headrests and instrument panels), and connector seals. The company's other segments bring rubber technologies to printers and copy machines, infrastructure, housing, and healthcare.

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