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Starts Proceed Investment (TSE:8979) Effective Interest Rate on Debt % : 0.88% (As of Oct. 2023)


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What is Starts Proceed 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. Starts Proceed Investment's annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was 円463 Mil. Starts Proceed Investment's average total debt for the quarter that ended in Oct. 2023 was 円52,846 Mil. Therefore, Starts Proceed Investment's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was 0.88%.


Starts Proceed Investment Effective Interest Rate on Debt % Historical Data

The historical data trend for Starts Proceed 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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Starts Proceed Investment Effective Interest Rate on Debt % Chart

Starts Proceed Investment Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.70 0.72 0.75 0.81 0.91

Starts Proceed Investment Semi-Annual Data
Apr14 Oct14 Apr15 Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.76 0.78 0.83 0.89 0.88

Competitive Comparison of Starts Proceed Investment's Effective Interest Rate on Debt %

For the REIT - Residential subindustry, Starts Proceed 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.


Starts Proceed Investment's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

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



Starts Proceed Investment Effective Interest Rate on Debt % Calculation

Starts Proceed Investment's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Oct. 2022 )+Total Debt  (A: Oct. 2023 ))/ count )
=-1  *  -450.202/( (45646+52846)/ 2 )
=-1  *  -450.202/49246
=0.91 %

where

Total Debt  (A: Oct. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=36423.5 + 9222.5
=45646

Total Debt  (A: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=43785 + 9061
=52846

Starts Proceed Investment's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Apr. 2023 )+Total Debt  (Q: Oct. 2023 ))/ count )
=-1  *  -462.5/( (52846+52846)/ 2 )
=-1  *  -462.5/52846
=0.88 %

where

Total Debt  (Q: Apr. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=43813.5 + 9032.5
=52846

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=43785 + 9061
=52846

* 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.

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


Starts Proceed Investment  (TSE:8979) Effective Interest Rate on Debt % Explanation

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


Starts Proceed Investment Effective Interest Rate on Debt % Related Terms

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Starts Proceed Investment (TSE:8979) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3-2-9 Nihonbashi, Chuo-ku, Tokyo, JPN
Starts Proceed Investment Corp operates as a REIT in Japan. The Company invests in lease real estate properties, short-term leasing apartments, and special feature business hotel.

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