Tokaido REIT (TSE:2989) Effective Interest Rate on Debt % : 0.68% (As of Jul. 2023)

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What is Tokaido 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. Tokaido REIT's annualized positive value of Interest Expense for the quarter that ended in Jul. 2023 was 円136 Mil. Tokaido REIT's average total debt for the quarter that ended in Jul. 2023 was 円19,875 Mil. Therefore, Tokaido REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2023 was 0.68%.

Tokaido REIT Effective Interest Rate on Debt % Historical Data

The historical data trend for Tokaido 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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Tokaido REIT Effective Interest Rate on Debt % Chart

Tokaido REIT Annual Data

Trend

Jul21

Jan22

Jul23

Effective Interest Rate on Debt %

0.35

0.58

Tokaido REIT Semi-Annual Data
	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			0.57	0.58	0.59	0.68	0.66

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

For the REIT - Diversified subindustry, Tokaido 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.

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

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

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

Tokaido REIT Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2022 )	+	Total Debt (A: Jul. 2023 ))	/ count )
=	-1 * -115.018	/	( (15950	+	23400)	/ 2 )
=	-1 * -115.018	/	19675
=	0.58 %

where

	Total Debt (A: Jan. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13000	+	2950
=	15950

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16100	+	7300
=	23400

Tokaido REIT'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 * -135.954	/	( (16350	+	23400)	/ 2 )
=	-1 * -135.954	/	19875
=	0.68 %

where

	Total Debt (Q: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12400	+	3950
=	16350

	Total Debt (Q: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16100	+	7300
=	23400

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.

Tokaido REIT (TSE:2989) Effective Interest Rate on Debt % Explanation

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

Tokaido REIT Effective Interest Rate on Debt % Related Terms

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Tokaido REIT (TSE:2989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Tokaido REIT Inc (TSE:2989) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-14-3 Nagatacho, Chiyoda-ku, Tokyo, JPN, 100-0014

Website

Tokaido REIT Inc is a real estate investment trust that focuses on the Tokaido area, mainly Shizuoka, Aichi, and Mie prefectures. Its Investment targets are divided into two types including "Industrial infrastructure assets" targeting logistics facilities and office buildings, and "Living infrastructure assets" for residential and commercial facilities.

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