Ichibanya Co (TSE:7630) Effective Interest Rate on Debt % : 3.10% (As of Feb. 2024)

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What is Ichibanya 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. Ichibanya Co's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was 円8 Mil. Ichibanya Co's average total debt for the quarter that ended in Feb. 2024 was 円271 Mil. Therefore, Ichibanya Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 3.10%.

Ichibanya Co Effective Interest Rate on Debt % Historical Data

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

Ichibanya Co Annual Data

Trend

May15

May16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Effective Interest Rate on Debt %

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2.30

1.64

1.57

1.52

1.92

Ichibanya Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.34	2.46	5.02	4.50	3.10

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

For the Restaurants subindustry, Ichibanya 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.

Ichibanya Co's Effective Interest Rate on Debt % Distribution in the Restaurants Industry

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

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

Ichibanya Co Effective Interest Rate on Debt % Calculation

Ichibanya Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2023 )	+	Total Debt (A: Feb. 2024 ))	/ count )
=	-1 * -10.864	/	( (743.522	+	386.076)	/ 2 )
=	-1 * -10.864	/	564.799
=	1.92 %

where

	Total Debt (A: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	293.193	+	450.329
=	743.522

	Total Debt (A: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	182.105	+	203.971
=	386.076

Ichibanya Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -8.4	/	( (156.631	+	386.076)	/ 2 )
=	-1 * -8.4	/	271.3535
=	3.10 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	156.631	+	0
=	156.631

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	182.105	+	203.971
=	386.076

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 (Feb. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Ichibanya Co (TSE:7630) Effective Interest Rate on Debt % Explanation

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

Ichibanya Co Effective Interest Rate on Debt % Related Terms

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Ichibanya Co (TSE:7630) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Ichibanya Co Ltd (TSE:7630) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

7630:Japan

Address

6-12-23 Mitsui, Ichinomiya shi, Aichi, JPN

Website

http://www.ichibanya.co.jp

Ichibanya Co Ltd owns, operates, and franchises CoCo Ichibanya and other restaurants, primarily in Japan. Nearly all Ichibanya's restaurants operate under the brand name CoCo Ichibanya, which specializes in curry dishes and has more than 1,000 locations in Japan and more than 150 locations in other Asian countries and the United States. Other restaurant brands that Ichibanya operates and franchises in Japan include Pasta de CoCo, Menya CoCo Ichi, and Nikkui Tei. Nearly 90% of the company's revenue is generated in Japan.

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