Meiko Electronics Co (TSE:6787) Effective Interest Rate on Debt % : 1.25% (As of Dec. 2023)

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What is Meiko Electronics 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. Meiko Electronics Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円1,056 Mil. Meiko Electronics Co's average total debt for the quarter that ended in Dec. 2023 was 円84,793 Mil. Therefore, Meiko Electronics Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.25%.

Meiko Electronics Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Meiko Electronics 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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Meiko Electronics Co Effective Interest Rate on Debt % Chart

Meiko Electronics Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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1.10

0.95

1.40

1.41

Meiko Electronics 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															1.38	1.44	1.31	1.25	1.33

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

For the Electronic Components subindustry, Meiko Electronics 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.

Meiko Electronics Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Meiko Electronics Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Meiko Electronics Co Effective Interest Rate on Debt % Calculation

Meiko Electronics 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 * -1090	/	( (75793	+	79264)	/ 2 )
=	-1 * -1090	/	77528.5
=	1.41 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38734	+	37059
=	75793

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	37412	+	41852
=	79264

Meiko Electronics 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 * -1056	/	( (82904	+	86682)	/ 2 )
=	-1 * -1056	/	84793
=	1.25 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	39250	+	43654
=	82904

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	40050	+	46632
=	86682

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.

Meiko Electronics Co (TSE:6787) Effective Interest Rate on Debt % Explanation

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

Meiko Electronics Co Effective Interest Rate on Debt % Related Terms

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Meiko Electronics Co (TSE:6787) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Meiko Electronics Co Ltd (TSE:6787) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

MEC:Germany

Address

5-14-15, Ogami, Kanagawa Prefecture, Ayase, JPN, 252-1104

Website

http://www.meiko-elec.com

Meiko Electronics Co., Ltd. is a Japan-based company. The company is engaged in manufacturing of anyLayer high density interconnect, high heat dissipation printed circuit boards (PCBs) and high electric current PCBs, solder stencils, electronic manufacturing services, industrial equipment, and imaging equipment. The company operates in one business segment that is Printed Circuit Boards. Geographically the company exports its products to Asia, North America, Europe, and Other regions.

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