Hoshino Resorts REIT (TSE:3287) Effective Interest Rate on Debt % : 0.76% (As of Apr. 2023)

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What is Hoshino Resorts 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. Hoshino Resorts REIT's annualized positive value of Interest Expense for the quarter that ended in Apr. 2023 was 円578 Mil. Hoshino Resorts REIT's average total debt for the quarter that ended in Apr. 2023 was 円75,612 Mil. Therefore, Hoshino Resorts REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2023 was 0.76%.

Hoshino Resorts REIT Effective Interest Rate on Debt % Historical Data

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

Hoshino Resorts REIT Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Effective Interest Rate on Debt %

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0.93

0.83

0.80

0.73

0.71

Hoshino Resorts REIT Semi-Annual Data
	Oct13	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.73	0.74	0.70	0.75	0.76

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

For the REIT - Hotel & Motel subindustry, Hoshino Resorts 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.

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

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

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

Hoshino Resorts REIT Effective Interest Rate on Debt % Calculation

Hoshino Resorts REIT's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2021 )	+	Total Debt (A: Oct. 2022 ))	/ count )
=	-1 * -510.301	/	( (68482.829	+	74585.701)	/ 2 )
=	-1 * -510.301	/	71534.265
=	0.71 %

where

	Total Debt (A: Oct. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	58115.701	+	10367.128
=	68482.829

	Total Debt (A: Oct. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	62118.558	+	12467.143
=	74585.701

Hoshino Resorts REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2022 )	+	Total Debt (Q: Apr. 2023 ))	/ count )
=	-1 * -578.274	/	( (74585.701	+	76638.559)	/ 2 )
=	-1 * -578.274	/	75612.13
=	0.76 %

where

	Total Debt (Q: Oct. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	62118.558	+	12467.143
=	74585.701

	Total Debt (Q: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	63518.557	+	13120.002
=	76638.559

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

Hoshino Resorts REIT (TSE:3287) Effective Interest Rate on Debt % Explanation

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

Hoshino Resorts REIT Effective Interest Rate on Debt % Related Terms

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Hoshino Resorts REIT (TSE:3287) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Hoshino Resorts REIT Inc (TSE:3287) » Definitions » Effective Interest Rate on Debt %

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Address

2-14-4 Hattsuchoubori, Chuo-Ku, Tokyo, JPN, 104-0032

Website

http://www.hoshinoresort.com

Hoshino Resorts REIT Inc is a closed-end real estate investment trust company. It aims to achieve stable earnings and sustainable growth of its investment assets, by investing in hotels, Japanese-Style Inns, and related facilities.

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