Sirius Real Estate (JSE:SRE) Effective Interest Rate on Debt % : 1.52% (As of Sep. 2023)

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What is Sirius Real Estate 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. Sirius Real Estate's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was R300 Mil. Sirius Real Estate's average total debt for the quarter that ended in Sep. 2023 was R19,752 Mil. Therefore, Sirius Real Estate's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 1.52%.

Sirius Real Estate Effective Interest Rate on Debt % Historical Data

The historical data trend for Sirius Real Estate'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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Sirius Real Estate Effective Interest Rate on Debt % Chart

Sirius Real Estate Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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2.73

3.12

1.97

2.01

1.96

Sirius Real Estate Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															1.91	2.22	1.47	2.30	1.52

Competitive Comparison of Sirius Real Estate's Effective Interest Rate on Debt %

For the Real Estate Services subindustry, Sirius Real Estate'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.

Sirius Real Estate's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

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

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

Sirius Real Estate Effective Interest Rate on Debt % Calculation

Sirius Real Estate's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -357.761	/	( (16808.357	+	19627.985)	/ 2 )
=	-1 * -357.761	/	18218.171
=	1.96 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16467.313	+	341.044
=	16808.357

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14820.693	+	4807.292
=	19627.985

Sirius Real Estate's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -299.564	/	( (19627.985	+	19876.539)	/ 2 )
=	-1 * -299.564	/	19752.262
=	1.52 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14820.693	+	4807.292
=	19627.985

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15340.559	+	4535.98
=	19876.539

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

Sirius Real Estate (JSE:SRE) Effective Interest Rate on Debt % Explanation

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

Sirius Real Estate Effective Interest Rate on Debt % Related Terms

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Sirius Real Estate (JSE:SRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sirius Real Estate Ltd (JSE:SRE) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

SRRLF:USA SREl:UK SRE:UK EYI:Germany

Address

Admiral Park, Trafalgar Court, 2nd Floor, East Wing, Channel Islands, St Peter Port, GGY, GY1 3EL

Website

https://www.sirius-real-estate.com

Sirius Real Estate Ltd is in the business of investment in and acquisition of the commercial property to provide workspace in Germany. It operates in two segments that is Germany; and United Kingdom. The Company invests in large mixed-use commercial real estate assets in Germany. The firm derives revenues in the form of rental income from operations in Germany. Its portfolio includes Conventional offices, Smartspace Office, Officepods, Virtual office, Classical storage spaces, Smart space Storage, Flexi storage, Workshop spaces, and others.