Sankei Real Estate (TSE:2972) Effective Interest Rate on Debt % : 0.52% (As of Aug. 2023)

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What is Sankei Real Estate 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. Sankei Real Estate's annualized positive value of Interest Expense for the quarter that ended in Aug. 2023 was 円278 Mil. Sankei Real Estate's average total debt for the quarter that ended in Aug. 2023 was 円53,600 Mil. Therefore, Sankei Real Estate's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 was 0.52%.

Sankei Real Estate Effective Interest Rate on Debt % Historical Data

The historical data trend for Sankei Real Estate'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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Sankei Real Estate Effective Interest Rate on Debt % Chart

Sankei Real Estate Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

Effective Interest Rate on Debt %

0.41

0.36

0.43

0.47

Sankei Real Estate Semi-Annual Data
	Apr19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial					0.40	0.40	0.46	0.52	0.50

Competitive Comparison of Sankei Real Estate's Effective Interest Rate on Debt %

For the REIT - Office subindustry, Sankei Real Estate'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.

Sankei Real Estate's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where Sankei Real Estate's Effective Interest Rate on Debt % falls into.

Sankei Real Estate Effective Interest Rate on Debt % Calculation

Sankei Real Estate's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2022 )	+	Total Debt (A: Aug. 2023 ))	/ count )
=	-1 * -253.976	/	( (50200	+	57000)	/ 2 )
=	-1 * -253.976	/	53600
=	0.47 %

where

	Total Debt (A: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	40600	+	9600
=	50200

	Total Debt (A: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	41000	+	16000
=	57000

Sankei Real Estate's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Feb. 2023 )	+	Total Debt (Q: Aug. 2023 ))	/ count )
=	-1 * -278.36	/	( (50200	+	57000)	/ 2 )
=	-1 * -278.36	/	53600
=	0.52 %

where

	Total Debt (Q: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	40600	+	9600
=	50200

	Total Debt (Q: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	41000	+	16000
=	57000

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

Sankei Real Estate (TSE:2972) Effective Interest Rate on Debt % Explanation

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

Sankei Real Estate Effective Interest Rate on Debt % Related Terms

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Sankei Real Estate (TSE:2972) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sankei Real Estate Inc (TSE:2972) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-7-2 Otemachi, Chiyoda-ku, Tokyo, JPN, 100-0004

Website

https://www.s-reit.co.jp

Sankei Real Estate Inc is a Japanese based J-REIT. The company is engaged in the leasing of real estate properties, and owns office buildings.

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