Daiwa Office Investment (TSE:8976) Effective Interest Rate on Debt % : 0.42% (As of Nov. 2023)

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What is Daiwa Office 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. Daiwa Office Investment's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was 円881 Mil. Daiwa Office Investment's average total debt for the quarter that ended in Nov. 2023 was 円207,800 Mil. Therefore, Daiwa Office Investment's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 0.42%.

Daiwa Office Investment Effective Interest Rate on Debt % Historical Data

The historical data trend for Daiwa Office 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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Daiwa Office Investment Effective Interest Rate on Debt % Chart

Daiwa Office Investment Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Effective Interest Rate on Debt %

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0.52

0.51

0.47

0.43

0.41

Daiwa Office Investment Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.43	0.42	0.41	0.41	0.42

Competitive Comparison of Daiwa Office Investment's Effective Interest Rate on Debt %

For the REIT - Office subindustry, Daiwa Office 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.

Daiwa Office Investment's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where Daiwa Office Investment's Effective Interest Rate on Debt % falls into.

Daiwa Office Investment Effective Interest Rate on Debt % Calculation

Daiwa Office Investment's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2021 )	+	Total Debt (A: Nov. 2022 ))	/ count )
=	-1 * -846.121	/	( (202350	+	205800)	/ 2 )
=	-1 * -846.121	/	204075
=	0.41 %

where

	Total Debt (A: Nov. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	168350	+	34000
=	202350

	Total Debt (A: Nov. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	179600	+	26200
=	205800

Daiwa Office Investment's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: May. 2023 )	+	Total Debt (Q: Nov. 2023 ))	/ count )
=	-1 * -881.18	/	( (207800	+	207800)	/ 2 )
=	-1 * -881.18	/	207800
=	0.42 %

where

	Total Debt (Q: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	180200	+	27600
=	207800

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	176300	+	31500
=	207800

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

Daiwa Office Investment (TSE:8976) Effective Interest Rate on Debt % Explanation

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

Daiwa Office Investment Effective Interest Rate on Debt % Related Terms

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Daiwa Office Investment (TSE:8976) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Daiwa Office Investment Corp (TSE:8976) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

6-2-1 Ginza, Chuo-ku, Tokyo, JPN

Website

https://www.daiwa-office.co.jp

Daiwa Office Investment Corp is a real estate investment trust focused on acquiring, managing, and leasing office properties located in the Five Central Wards of Tokyo. The vast majority of the company's real estate portfolio is composed of office buildings fairly evenly distributed between Tokyo's Five Central Wards in terms of total value. Daiwa derives nearly all of its income in the form of rental revenue from leasing its properties. The firm has a varied tenant base from a number of industries, including the entertainment, retail, insurance, and food and beverage companies.

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