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Nippon Prologis REIT (FRA:9NPA) Effective Interest Rate on Debt % : 0.55% (As of Nov. 2023)


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What is Nippon Prologis REIT 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. Nippon Prologis REIT's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was €11.5 Mil. Nippon Prologis REIT's average total debt for the quarter that ended in Nov. 2023 was €2,085.3 Mil. Therefore, Nippon Prologis REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 0.55%.


Nippon Prologis REIT Effective Interest Rate on Debt % Historical Data

The historical data trend for Nippon Prologis REIT'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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Nippon Prologis REIT Effective Interest Rate on Debt % Chart

Nippon Prologis REIT Annual Data
Trend Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.46 0.46 0.46 0.47 0.51

Nippon Prologis REIT Semi-Annual Data
Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 May23 Nov23
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 0.45 0.48 0.50 0.50 0.55

Competitive Comparison of Nippon Prologis REIT's Effective Interest Rate on Debt %

For the REIT - Industrial subindustry, Nippon Prologis REIT'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.


Nippon Prologis REIT's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Nippon Prologis REIT's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Nippon Prologis REIT's Effective Interest Rate on Debt % falls into.



Nippon Prologis REIT Effective Interest Rate on Debt % Calculation

Nippon Prologis REIT's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Nov. 2021 )+Total Debt  (A: Nov. 2023 ))/ count )
=-1  *  -10.715/( (2171.456+2057.531)/ 2 )
=-1  *  -10.715/2114.4935
=0.51 %

where

Total Debt  (A: Nov. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1940.859 + 230.597
=2171.456

Total Debt  (A: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1863.075 + 194.456
=2057.531

Nippon Prologis REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: May. 2023 )+Total Debt  (Q: Nov. 2023 ))/ count )
=-1  *  -11.456/( (2113.165+2057.531)/ 2 )
=-1  *  -11.456/2085.348
=0.55 %

where

Total Debt  (Q: May. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1982.267 + 130.898
=2113.165

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1863.075 + 194.456
=2057.531

* 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 two times the semi-annual (Nov. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Nippon Prologis REIT  (FRA:9NPA) Effective Interest Rate on Debt % Explanation

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


Nippon Prologis REIT Effective Interest Rate on Debt % Related Terms

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Nippon Prologis REIT (FRA:9NPA) Business Description

Industry
Traded in Other Exchanges
Address
Tokyo Building 21F, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-6421
Nippon Prologis REIT Inc is a Japanese real estate investment trust primarily involved in owning, operating, and developing logistics facilities in Japan's major urban markets. The company's real estate portfolio is comprised mainly of large, multitenant warehouse facilities located near transportation hubs and population clusters. Nippon Prologis also operates a sizable number of build-to-suit facilities with similar physical specifications to its other buildings. The majority of the company's properties are located in the Greater Tokyo area, while a significant percentage are located in the Greater Osaka area as well. Nippon Prologis derives nearly all of its income from rental revenue. Its customers include a variety of logistics, distribution, transportation, and industrial companies.

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