Covivio (XPAR:COV) Effective Interest Rate on Debt % : 2.84% (As of Dec. 2023)

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What is Covivio 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. Covivio's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €315.2 Mil. Covivio's average total debt for the quarter that ended in Dec. 2023 was €11,115.1 Mil. Therefore, Covivio's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.84%.

Covivio Effective Interest Rate on Debt % Historical Data

The historical data trend for Covivio'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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Covivio Effective Interest Rate on Debt % Chart

Covivio Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.55

1.27

1.18

1.24

2.57

Covivio Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															1.29	1.06	1.39	2.29	2.84

Competitive Comparison of Covivio's Effective Interest Rate on Debt %

For the REIT - Diversified subindustry, Covivio'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.

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

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

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

Covivio Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -286.498	/	( (11274.755	+	11021.238)	/ 2 )
=	-1 * -286.498	/	11147.9965
=	2.57 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10033.068	+	1241.687
=	11274.755

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9629.366	+	1391.872
=	11021.238

Covivio's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -315.222	/	( (11208.989	+	11021.238)	/ 2 )
=	-1 * -315.222	/	11115.1135
=	2.84 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10017.597	+	1191.392
=	11208.989

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9629.366	+	1391.872
=	11021.238

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

Covivio (XPAR:COV) Effective Interest Rate on Debt % Explanation

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

Covivio Effective Interest Rate on Debt % Related Terms

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Covivio (XPAR:COV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Covivio SA (XPAR:COV) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

COVp:UK 0J6V:UK F5D:Germany

Address

18 Avenue Francois Mitterrand, Metz, FRA, 57000

Website

https://www.covivio.eu

Covivio SA is a French real estate investment trust involved in the ownership of properties mainly in France, Italy, and Germany. The majority of the properties in the company's real estate portfolio are office buildings located in Paris and Milan. German residential properties also represent a significant percentage of its total assets. Fonciere des Regions derives nearly all of its revenue in the form of rental income from the ownership and maintenance of its portfolio of properties. French offices generate the most revenue for the company, while Italian office buildings and German residential buildings in Berlin, Hamburg, and Dresden also contribute sizable income streams.

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