Noritsu Koki Co (TSE:7744) Effective Interest Rate on Debt % : 1.05% (As of Mar. 2024)

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What is Noritsu Koki 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. Noritsu Koki Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was 円444 Mil. Noritsu Koki Co's average total debt for the quarter that ended in Mar. 2024 was 円42,332 Mil. Therefore, Noritsu Koki Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.05%.

Noritsu Koki Co Effective Interest Rate on Debt % Historical Data

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

Noritsu Koki Co Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Effective Interest Rate on Debt %

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1.93

0.52

0.51

2.05

2.31

Noritsu Koki 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															1.14	1.31	1.19	1.20	1.05

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

For the Consumer Electronics subindustry, Noritsu Koki 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.

Noritsu Koki Co's Effective Interest Rate on Debt % Distribution in the Hardware Industry

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

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

Noritsu Koki Co Effective Interest Rate on Debt % Calculation

Noritsu Koki Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -1798	/	( (104448	+	51077)	/ 2 )
=	-1 * -1798	/	77762.5
=	2.31 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	81339	+	23109
=	104448

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	31417	+	19660
=	51077

Noritsu Koki 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 * -444	/	( (42577	+	42087)	/ 2 )
=	-1 * -444	/	42332
=	1.05 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26628	+	15949
=	42577

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26881	+	15206
=	42087

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.

Noritsu Koki Co (TSE:7744) Effective Interest Rate on Debt % Explanation

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

Noritsu Koki Co Effective Interest Rate on Debt % Related Terms

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Noritsu Koki Co (TSE:7744) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Noritsu Koki Co Ltd (TSE:7744) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Azabu Juban 1-10-10 Joule A, 5th Floor, Minato-ku, Tokyo, JPN, 106-0045

Website

http://www.noritsu.co.jp

Noritsu Koki Co Ltd is a Japan-based company, engaged in the healthcare, drug discovery, senior life, agribusiness food, manufacturing, and other operations. In the manufacturing business, the company manufactures marking pen tip made of felt and synthetic fiber as the main product. In the healthcare business, it offers a range of medical services. In the drug discovery business, the company conducts research and development on biopharmaceuticals and regenerative medicine. The other operations of the company involves the business development and investment research, digital area business and insurance business.

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