Mitsubishi Logistics (TSE:9301) Effective Interest Rate on Debt % : 0.53% (As of Mar. 2024)

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What is Mitsubishi Logistics 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. Mitsubishi Logistics's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was 円624 Mil. Mitsubishi Logistics's average total debt for the quarter that ended in Mar. 2024 was 円117,367 Mil. Therefore, Mitsubishi Logistics's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.53%.

Mitsubishi Logistics Effective Interest Rate on Debt % Historical Data

The historical data trend for Mitsubishi Logistics'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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Mitsubishi Logistics Effective Interest Rate on Debt % Chart

Mitsubishi Logistics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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0.63

0.56

0.55

0.51

0.53

Mitsubishi Logistics 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															0.51	0.54	0.49	0.52	0.53

Competitive Comparison of Mitsubishi Logistics's Effective Interest Rate on Debt %

For the Integrated Freight & Logistics subindustry, Mitsubishi Logistics'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.

Mitsubishi Logistics's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Mitsubishi Logistics's Effective Interest Rate on Debt % distribution charts can be found below:

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

Mitsubishi Logistics Effective Interest Rate on Debt % Calculation

Mitsubishi Logistics's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2023 )	+	Total Debt (A: Mar. 2024 ))	/ count )
=	-1 * -591	/	( (105283	+	117362)	/ 2 )
=	-1 * -591	/	111322.5
=	0.53 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	59970	+	45313
=	105283

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	79414	+	37948
=	117362

Mitsubishi Logistics'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 * -624	/	( (117372	+	117362)	/ 2 )
=	-1 * -624	/	117367
=	0.53 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	52032	+	65340
=	117372

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	79414	+	37948
=	117362

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.

Mitsubishi Logistics (TSE:9301) Effective Interest Rate on Debt % Explanation

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

Mitsubishi Logistics Effective Interest Rate on Debt % Related Terms

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Mitsubishi Logistics (TSE:9301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Mitsubishi Logistics Corp (TSE:9301) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

MIB:Germany

Address

19-1, Nihonbashi, Nihonbashi Dia Building, 1-chome Chuo-ku, Tokyo, JPN, 103-8630

Website

http://www.mitsubishi-logistics.co.jp

Mitsubishi Logistics Corp is a logistics and real estate investment company, domiciled in Japan. The company organizes itself into two segments: logistics and real estate. Logistics, which contributes the majority of revenue, includes warehousing; air, ocean, and rail transportation; port-terminal operations; and international freight forwarding. The real estate segment buys, sells, and lease office buildings and other commercial real estates. Mitsubishi Logistics derives the vast majority of revenue domestically.

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