Obara Group (TSE:6877) Effective Interest Rate on Debt % : 3.40% (As of Mar. 2024)

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What is Obara Group 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. Obara Group's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was 円28 Mil. Obara Group's average total debt for the quarter that ended in Mar. 2024 was 円823 Mil. Therefore, Obara Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3.40%.

Obara Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Obara Group'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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Obara Group Effective Interest Rate on Debt % Chart

Obara Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Effective Interest Rate on Debt %

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0.27

0.48

0.49

0.43

0.57

Obara Group 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															0.36	0.42	0.55	1.54	3.40

Competitive Comparison of Obara Group's Effective Interest Rate on Debt %

For the Tools & Accessories subindustry, Obara Group'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.

Obara Group's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Obara Group's Effective Interest Rate on Debt % distribution charts can be found below:

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

Obara Group Effective Interest Rate on Debt % Calculation

Obara Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2022 )	+	Total Debt (A: Sep. 2023 ))	/ count )
=	-1 * -25	/	( (6741	+	2032)	/ 2 )
=	-1 * -25	/	4386.5
=	0.57 %

where

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6602	+	139
=	6741

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1879	+	153
=	2032

Obara Group'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 * -28	/	( (1087	+	558)	/ 2 )
=	-1 * -28	/	822.5
=	3.40 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	952	+	135
=	1087

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	437	+	121
=	558

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.

Obara Group (TSE:6877) Effective Interest Rate on Debt % Explanation

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

Obara Group Effective Interest Rate on Debt % Related Terms

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Obara Group (TSE:6877) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Obara Group Inc (TSE:6877) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

4-2-37 Oogami, Ayase-shi, Kanagawa, JPN, 252-1104

Website

http://www.obara-g.com

Obara Group Inc is a Japanese supplier of welding and polishing solutions. The company offers resistance welding systems for the automotive industry and arc welding tools for the shipbuilding and construction industries. The polishing business sells polishing machines under the SpeedFam brand primarily to electronic and precision industries, including the treatment of silicon wafers, mobile phones and personal computer electronics, flat panels, memory disks, and opto-electronic parts.

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