Mitani Sekisan Co (TSE:5273) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Mitani Sekisan 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. Mitani Sekisan Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円0 Mil. Mitani Sekisan Co's average total debt for the quarter that ended in Dec. 2023 was 円277 Mil. Therefore, Mitani Sekisan Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Mitani Sekisan Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Mitani Sekisan 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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Mitani Sekisan Co Effective Interest Rate on Debt % Chart

Mitani Sekisan Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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0.22

0.13

0.19

0.20

0.37

Mitani Sekisan Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Competitive Comparison of Mitani Sekisan Co's Effective Interest Rate on Debt %

For the Building Products & Equipment subindustry, Mitani Sekisan 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.

Mitani Sekisan Co's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Mitani Sekisan Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Mitani Sekisan Co Effective Interest Rate on Debt % Calculation

Mitani Sekisan 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 * -2	/	( (552	+	536)	/ 2 )
=	-1 * -2	/	544
=	0.37 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	486	+	66
=	552

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	470	+	66
=	536

Mitani Sekisan 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 * 0	/	( (285	+	268)	/ 2 )
=	-1 * 0	/	276.5
=	0.00 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	219	+	66
=	285

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	202	+	66
=	268

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.

Mitani Sekisan Co (TSE:5273) Effective Interest Rate on Debt % Explanation

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

Mitani Sekisan Co Effective Interest Rate on Debt % Related Terms

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Mitani Sekisan Co (TSE:5273) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Mitani Sekisan Co Ltd (TSE:5273) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

1-3-1 Toyoshima, Mitani Building, Fukui-shi,, Fukui, JPN, 910-8571

Website

http://www.m-sekisan.co.jp

Mitani Sekisan Co., Ltd. is a Japanese company. It is engaged in the production and sales of concrete secondary products, manufacture, and sale of gravel products, foundation work, and rental for revetment. The company focuses on manufacturing gravel and stones which are used for civil engineering construction, railway tracking and pavement roadbed materials, raw concrete and various concrete secondary products, aggregates of asphalt composite material and construction materials. It also produces concrete piles and poles and environmental products. The Information-Related Business deals with computer peripheral sales and consigned software production.

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