Japan Logistics Fund (TSE:8967) Effective Interest Rate on Debt % : 0.62% (As of Jul. 2023)

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What is Japan Logistics Fund 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. Japan Logistics Fund's annualized positive value of Interest Expense for the quarter that ended in Jul. 2023 was 円742 Mil. Japan Logistics Fund's average total debt for the quarter that ended in Jul. 2023 was 円119,700 Mil. Therefore, Japan Logistics Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2023 was 0.62%.

Japan Logistics Fund Effective Interest Rate on Debt % Historical Data

The historical data trend for Japan Logistics Fund'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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Japan Logistics Fund Effective Interest Rate on Debt % Chart

Japan Logistics Fund Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Effective Interest Rate on Debt %

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0.64

0.62

0.63

Japan Logistics Fund Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.64	0.63	0.64	0.62	0.63

Competitive Comparison of Japan Logistics Fund's Effective Interest Rate on Debt %

For the REIT - Industrial subindustry, Japan Logistics Fund'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.

Japan Logistics Fund's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where Japan Logistics Fund's Effective Interest Rate on Debt % falls into.

Japan Logistics Fund Effective Interest Rate on Debt % Calculation

Japan Logistics Fund'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: Jul. 2022 )	+	Total Debt (A: Jul. 2023 ))	/ count )
=	-1 * -751.159	/	( (119700	+	119700)	/ 2 )
=	-1 * -751.159	/	119700
=	0.63 %

where

	Total Debt (A: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	102700	+	17000
=	119700

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	104200	+	15500
=	119700

Japan Logistics Fund'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 * -742.032	/	( (119700	+	119700)	/ 2 )
=	-1 * -742.032	/	119700
=	0.62 %

where

	Total Debt (Q: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	103200	+	16500
=	119700

	Total Debt (Q: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	104200	+	15500
=	119700

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.

Japan Logistics Fund (TSE:8967) Effective Interest Rate on Debt % Explanation

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

Japan Logistics Fund Effective Interest Rate on Debt % Related Terms

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Japan Logistics Fund (TSE:8967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Japan Logistics Fund Inc (TSE:8967) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

4-3 Hitotsubashi 2-chome, Chiyoda-ku, Tokyo, JPN, 101-0003

Website

http://www.8967.jp

Japan Logistics Fund Inc is a Japan-based real estate investment trust. The company gives importance to the Tenants, Location, Size, Building, Building age, Soil and Rights in making investment decisions. Its investments are located in Tokyo metropolitan area, Kinki area, Chubu area and Kyushu area. The firm generates the majority of its revenues from leasing of properties.

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