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AEON Financial Service Co (TSE:8570) Effective Interest Rate on Debt % : 2.24% (As of Feb. 2024)


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What is AEON Financial Service 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. AEON Financial Service Co's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was 円29,324 Mil. AEON Financial Service Co's average total debt for the quarter that ended in Feb. 2024 was 円1,311,098 Mil. Therefore, AEON Financial Service Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 2.24%.


AEON Financial Service Co Effective Interest Rate on Debt % Historical Data

The historical data trend for AEON Financial Service 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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AEON Financial Service Co Effective Interest Rate on Debt % Chart

AEON Financial Service Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Feb20 Feb21 Feb22 Feb23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.87 - 2.27 2.08 2.11

AEON Financial Service Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.19 2.53 2.32 2.11 2.24

Competitive Comparison of AEON Financial Service Co's Effective Interest Rate on Debt %

For the Credit Services subindustry, AEON Financial Service 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.


AEON Financial Service Co's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, AEON Financial Service Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



AEON Financial Service Co Effective Interest Rate on Debt % Calculation

AEON Financial Service Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Feb. 2022 )+Total Debt  (A: Feb. 2023 ))/ count )
=-1  *  -23560/( (1055881+1182093)/ 2 )
=-1  *  -23560/1118987
=2.11 %

where

Total Debt  (A: Feb. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1055881 + 0
=1055881

Total Debt  (A: Feb. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1182093 + 0
=1182093

AEON Financial Service 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  *  -29324/( (1336987+1285208)/ 2 )
=-1  *  -29324/1311097.5
=2.24 %

where

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1336987 + 0
=1336987

Total Debt  (Q: Feb. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1285208 + 0
=1285208

* 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.

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.


AEON Financial Service Co  (TSE:8570) Effective Interest Rate on Debt % Explanation

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


AEON Financial Service Co Effective Interest Rate on Debt % Related Terms

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AEON Financial Service Co (TSE:8570) Business Description

Traded in Other Exchanges
Address
Kandanishiki-cho, Chiyoda-ku, Terrace Square, 3-22, Tokyo, JPN
AEON Financial Service Co Ltd is a comprehensive financial group consisting of a bank holding company and its subsidiaries, which grew out of Aeon Group's retail operations. It currently operates a network of hundreds of sale bases throughout Asia, particularly in Japan, China, Thailand, and Malaysia. The bank provides various financial services, payment services, housing loans, deposits, installment sales, and overseas services to customers through points of sale closely linked to community lifestyles. These include shopping centers and retail malls, convenience stores, and specialty stores, among others. Net fee and commission income is the company's largest source of net revenue.

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