ESCON Japan REIT Investment (TSE:2971) Effective Interest Rate on Debt % : 0.49% (As of Jul. 2023)

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What is ESCON Japan REIT Investment 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. ESCON Japan REIT Investment's annualized positive value of Interest Expense for the quarter that ended in Jul. 2023 was 円161 Mil. ESCON Japan REIT Investment's average total debt for the quarter that ended in Jul. 2023 was 円33,091 Mil. Therefore, ESCON Japan REIT Investment's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2023 was 0.49%.

ESCON Japan REIT Investment Effective Interest Rate on Debt % Historical Data

The historical data trend for ESCON Japan REIT Investment'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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ESCON Japan REIT Investment Effective Interest Rate on Debt % Chart

ESCON Japan REIT Investment Annual Data

Trend

Jul19

Jul20

Jul21

Jul22

Effective Interest Rate on Debt %

0.37

0.51

0.50

0.58

ESCON Japan REIT Investment Semi-Annual Data
	Oct17	Apr18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								0.59	0.49	0.50	0.49	0.49

Competitive Comparison of ESCON Japan REIT Investment's Effective Interest Rate on Debt %

For the REIT - Retail subindustry, ESCON Japan REIT Investment'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.

ESCON Japan REIT Investment's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where ESCON Japan REIT Investment's Effective Interest Rate on Debt % falls into.

ESCON Japan REIT Investment Effective Interest Rate on Debt % Calculation

ESCON Japan REIT Investment's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jul. 2021 )	+	Total Debt (A: Jul. 2022 ))	/ count )
=	-1 * -167.127	/	( (24430	+	33091)	/ 2 )
=	-1 * -167.127	/	28760.5
=	0.58 %

where

	Total Debt (A: Jul. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14470	+	9960
=	24430

	Total Debt (A: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23231	+	9860
=	33091

ESCON Japan REIT Investment's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jan. 2023 )	+	Total Debt (Q: Jul. 2023 ))	/ count )
=	-1 * -161.306	/	( (33091	+	33091)	/ 2 )
=	-1 * -161.306	/	33091
=	0.49 %

where

	Total Debt (Q: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28481	+	4610
=	33091

	Total Debt (Q: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28481	+	4610
=	33091

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 (Jul. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

ESCON Japan REIT Investment (TSE:2971) Effective Interest Rate on Debt % Explanation

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

ESCON Japan REIT Investment Effective Interest Rate on Debt % Related Terms

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ESCON Japan REIT Investment (TSE:2971) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » ESCON Japan REIT Investment Corp (TSE:2971) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

Try Edge Ochanomizu Building, 12th Floor, 4-2-5 kandasurugadai, Chiyoda-ku, Tokyo, JPN, 101-0062

Website

https://www.esconam.jp

ESCON Japan REIT Investment Corp is a Japanese real estate investment trust which invests in commercial properties. Its main investment is leasehold land properties known as "sokochi," with stable, high-quality commercial facilities occupying the site.

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