Art Vivant Co (TSE:7523) Effective Interest Rate on Debt % : 0.67% (As of Dec. 2023)

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What is Art Vivant 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. Art Vivant Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円70 Mil. Art Vivant Co's average total debt for the quarter that ended in Dec. 2023 was 円10,411 Mil. Therefore, Art Vivant Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.67%.

Art Vivant Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Art Vivant 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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Art Vivant Co Effective Interest Rate on Debt % Chart

Art Vivant Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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0.55

0.79

0.89

0.93

0.73

Art Vivant Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.71	0.68	0.63	0.66	0.67

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

For the Personal Services subindustry, Art Vivant 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.

Art Vivant Co's Effective Interest Rate on Debt % Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Art Vivant Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

Art Vivant Co Effective Interest Rate on Debt % Calculation

Art Vivant Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -65.303	/	( (7908.303	+	9955.577)	/ 2 )
=	-1 * -65.303	/	8931.94
=	0.73 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1360.25	+	6548.053
=	7908.303

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1034.853	+	8920.724
=	9955.577

Art Vivant 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 * -69.524	/	( (10401.728	+	10421.036)	/ 2 )
=	-1 * -69.524	/	10411.382
=	0.67 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	943.944	+	9457.784
=	10401.728

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	918.091	+	9502.945
=	10421.036

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.

Art Vivant Co (TSE:7523) Effective Interest Rate on Debt % Explanation

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

Art Vivant Co Effective Interest Rate on Debt % Related Terms

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Art Vivant Co (TSE:7523) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Art Vivant Co Ltd (TSE:7523) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

4-13-14, Higashi-Shinagawa, 13th Floor, Glass Cube, Tokyo, JPN, 140-0002

Website

https://www.artvivant.net

Art Vivant Co Ltd is a Japan-based company engaged in operating art galleries. It is involved in selling mainly contemporary art printings and selection of popular artists at stores and exhibitions. The company offered products include paintings such as prints, oil paintings, watercolor, arts and crafts, and sculptures, among other products.

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