Ground Rentsome Fund (LSE:GRIO) Effective Interest Rate on Debt % : 3.00% (As of Sep. 2022)

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What is Ground Rentsome Fund 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. Ground Rentsome Fund's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was £0.62 Mil. Ground Rentsome Fund's average total debt for the quarter that ended in Sep. 2022 was £20.70 Mil. Therefore, Ground Rentsome Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 3.00%.

Ground Rentsome Fund Effective Interest Rate on Debt % Historical Data

The historical data trend for Ground Rentsome Fund'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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Ground Rentsome Fund Effective Interest Rate on Debt % Chart

Ground Rentsome Fund Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Effective Interest Rate on Debt %

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3.43

3.40

2.60

2.45

2.76

Ground Rentsome Fund Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								2.64	2.44	2.46	2.40	3.00

Competitive Comparison of Ground Rentsome Fund's Effective Interest Rate on Debt %

For the REIT - Diversified subindustry, Ground Rentsome Fund'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.

Ground Rentsome Fund's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

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

Ground Rentsome Fund Effective Interest Rate on Debt % Calculation

Ground Rentsome Fund's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2021 )	+	Total Debt (A: Sep. 2022 ))	/ count )
=	-1 * -0.55	/	( (19.111	+	20.731)	/ 2 )
=	-1 * -0.55	/	19.921
=	2.76 %

where

	Total Debt (A: Sep. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.111	+	0
=	19.111

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.731	+	0
=	20.731

Ground Rentsome Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2022 )	+	Total Debt (Q: Sep. 2022 ))	/ count )
=	-1 * -0.622	/	( (20.671	+	20.731)	/ 2 )
=	-1 * -0.622	/	20.701
=	3.00 %

where

	Total Debt (Q: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.671	+	0
=	20.671

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.731	+	0
=	20.731

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. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Ground Rentsome Fund (LSE:GRIO) Effective Interest Rate on Debt % Explanation

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

Ground Rentsome Fund Effective Interest Rate on Debt % Related Terms

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Ground Rentsome Fund (LSE:GRIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ground Rents Income Fund PLC (LSE:GRIO) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 London Wall Place, London, GBR, EC2Y 5AU

Website

http://www.groundrentsincomefund.com

Ground Rents Income Fund PLC is a closed-ended real estate investment trust. It is involved in ground rents which include freeholds and leaseholds of residential, retail, and commercial. Its investment objective is to provide secure long-term performance through investment in long-dated UK ground rents, which have historically had little correlation to traditional property asset classes and have seen their value remain consistent regardless of the underlying state of the economy. It also offers a commission on insurance policies. The majority of the revenue is earned by the income received from the ground rent.

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