Vicinity Centres (Vicinity Centres) Effective Interest Rate on Debt % : 4.19% (As of Dec. 2023)

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What is Vicinity Centres 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. Vicinity Centres's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $124.6 Mil. Vicinity Centres's average total debt for the quarter that ended in Dec. 2023 was $2,978.0 Mil. Therefore, Vicinity Centres's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.19%.

Vicinity Centres Effective Interest Rate on Debt % Historical Data

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

Vicinity Centres Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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3.83

3.80

3.71

3.93

4.00

Vicinity Centres 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															3.89	3.76	3.99	4.13	4.19

Competitive Comparison of Vicinity Centres's Effective Interest Rate on Debt %

For the REIT - Retail subindustry, Vicinity Centres'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.

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

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

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

Vicinity Centres Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -117.987	/	( (2910.471	+	2994.229)	/ 2 )
=	-1 * -117.987	/	2952.35
=	4.00 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2862.895	+	47.576
=	2910.471

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2773.826	+	220.403
=	2994.229

Vicinity Centres'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 * -124.632	/	( (2994.229	+	2961.847)	/ 2 )
=	-1 * -124.632	/	2978.038
=	4.19 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2773.826	+	220.403
=	2994.229

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2767.336	+	194.511
=	2961.847

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.

Vicinity Centres (OTCPK:CNRAF) Effective Interest Rate on Debt % Explanation

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

Vicinity Centres Effective Interest Rate on Debt % Related Terms

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Vicinity Centres (Vicinity Centres) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Vicinity Centres (OTCPK:CNRAF) » Definitions » Effective Interest Rate on Debt %

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VCX:Australia

Address

1341 Dandenong Road, Level 4, Chadstone Tower One, Chadstone, Melbourne, VIC, AUS, 3148

Website

https://www.vicinity.com.au

Vicinity was created after the merger of Federation Centres and Novion in June 2015, creating one of Australia's largest retail REITs. Its directly and indirectly owned assets have a book value of about AUD 14 billion. The assets are skewed to large, high-end shopping centres, with about half in major regional malls, a fifth in subregional, 15% in CBD locations, 13% in outlet centres, and 1% in neighbourhood malls.