Niterra Co (TSE:5334) Effective Interest Rate on Debt % : 2.79% (As of Mar. 2024)

View and export this data going back to 1949. Start your Free Trial

What is Niterra 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. Niterra Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was 円4,944 Mil. Niterra Co's average total debt for the quarter that ended in Mar. 2024 was 円177,470 Mil. Therefore, Niterra Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.79%.

Niterra Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Niterra 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.

* Premium members only.

Niterra Co Effective Interest Rate on Debt % Chart

Niterra Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

5.38

0.65

0.66

1.06

1.87

Niterra 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															1.60	2.92	1.70	9.31	2.79

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

For the Auto Parts subindustry, Niterra 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.

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

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

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

Niterra Co Effective Interest Rate on Debt % Calculation

Niterra 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 * -3405	/	( (186421	+	178109)	/ 2 )
=	-1 * -3405	/	182265
=	1.87 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	156735	+	29686
=	186421

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	135742	+	42367
=	178109

Niterra 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 * -4944	/	( (176830	+	178109)	/ 2 )
=	-1 * -4944	/	177469.5
=	2.79 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	135717	+	41113
=	176830

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	135742	+	42367
=	178109

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.

Niterra Co (TSE:5334) Effective Interest Rate on Debt % Explanation

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

Niterra Co Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Niterra Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Niterra Co (TSE:5334) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Niterra Co Ltd (TSE:5334) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

NGK:Germany

Address

14-18, Takatsuji-cho, Mizuho-ku, Nagoya, JPN, 467-8525

Website

http://www.ngkntk.co.jp

Niterra Co Ltd is a producer of spark plugs for internal combustion engines in the automotive industry and various ceramic products and tools. Under its two brands NGK Spark Plugs and NTK Technical Ceramics, the company produces spark plugs, glow plugs, sensors, semiconductor packages, cutting tools, medical products, and fine ceramics. NGK's largest end markets are Asia including Japan, North America, and Europe. The company produces in Japan and Brazil, while subsidiaries across the globe assemble and sell parts in their respective regions. The automotive components division generates the lion's share of sales for NGK Spark Plug.

Niterra Co (TSE:5334) Headlines

No Headlines