GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » GPT Group (ASX:GPT) » Definitions » Effective Interest Rate on Debt %

GPT Group (ASX:GPT) Effective Interest Rate on Debt % : 4.68% (As of Dec. 2023)


View and export this data going back to 1971. Start your Free Trial

What is GPT Group 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. GPT Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$229.0 Mil. GPT Group's average total debt for the quarter that ended in Dec. 2023 was A$4,895.0 Mil. Therefore, GPT Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.68%.

GPT Group Effective Interest Rate on Debt % Historical Data

The historical data trend for GPT Group'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.

* Premium members only.

GPT Group Effective Interest Rate on Debt % Chart

GPT Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.74 2.61 1.86 2.76 4.13

GPT Group 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 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 1.78 2.16 3.47 3.61 4.68

Competitive Comparison of GPT Group's Effective Interest Rate on Debt %

For the REIT - Diversified subindustry, GPT Group'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.

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

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

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


GPT Group Effective Interest Rate on Debt % Calculation

GPT Group'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  *  -205.3/( (5097.9+4832.7)/ 2 )
=-1  *  -205.3/4965.3
=4.13 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4384.4 + 713.5
=5097.9

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4555.7 + 277
=4832.7

GPT Group'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  *  -229/( (4957.2+4832.7)/ 2 )
=-1  *  -229/4894.95
=4.68 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4418.8 + 538.4
=4957.2

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4555.7 + 277
=4832.7

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

GPT Group  (ASX:GPT) Effective Interest Rate on Debt % Explanation

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

GPT Group Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of GPT Group's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

GPT Group (ASX:GPT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » GPT Group (ASX:GPT) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
ASX:MGR ASX:SGP ASX:CLW ASX:HMC ASX:GOZ ASX:CNI ASX:ABG ASX:HPI ASX:NPR ASX:WOT VICI BSP:HSRE11 WPC LSE:LAND FUNO11 XPAR:COV LSE:UTG LSE:LMP LSE:BLND EPRT
Traded in Other Exchanges
GPTGF:USA 46T:Germany
Address
25 Martin Place, Level 51, Sydney, NSW, AUS, 2000
Website
https://www.gpt.com.au
GPT Group was listed in 1971 and is Australia's oldest listed property trust. The business strategy is not particularly differentiated from peers, other than through its somewhat conservative gearing and modest emphasis on development activity. The portfolio weighting to industrial is a major growth area for the firm. GPT remains dominated by retail malls that generate about a third of its revenue, and another quarter from office.