HomeCo Daily Needs REIT (ASX:HDN) Effective Interest Rate on Debt % : 4.44% (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is HomeCo Daily Needs REIT 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. HomeCo Daily Needs REIT's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$72.6 Mil. HomeCo Daily Needs REIT's average total debt for the quarter that ended in Dec. 2023 was A$1,635.5 Mil. Therefore, HomeCo Daily Needs REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.44%.

HomeCo Daily Needs REIT Effective Interest Rate on Debt % Historical Data

The historical data trend for HomeCo Daily Needs REIT'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.

HomeCo Daily Needs REIT Effective Interest Rate on Debt % Chart

HomeCo Daily Needs REIT Annual Data

Trend

Jun22

Jun23

Effective Interest Rate on Debt %

1.44

3.59

HomeCo Daily Needs REIT Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	2.36	2.52	3.13	4.28	4.44

Competitive Comparison of HomeCo Daily Needs REIT's Effective Interest Rate on Debt %

For the REIT - Retail subindustry, HomeCo Daily Needs REIT'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.

HomeCo Daily Needs REIT's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where HomeCo Daily Needs REIT's Effective Interest Rate on Debt % falls into.

HomeCo Daily Needs REIT Effective Interest Rate on Debt % Calculation

HomeCo Daily Needs REIT'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 * -58.2	/	( (1601.5	+	1643.5)	/ 2 )
=	-1 * -58.2	/	1622.5
=	3.59 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1601.3	+	0.2
=	1601.5

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1643.3	+	0.2
=	1643.5

HomeCo Daily Needs REIT'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 * -72.6	/	( (1643.5	+	1627.4)	/ 2 )
=	-1 * -72.6	/	1635.45
=	4.44 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1643.3	+	0.2
=	1643.5

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1627.2	+	0.2
=	1627.4

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.

HomeCo Daily Needs REIT (ASX:HDN) Effective Interest Rate on Debt % Explanation

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

HomeCo Daily Needs REIT Effective Interest Rate on Debt % Related Terms

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

HomeCo Daily Needs REIT (ASX:HDN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » HomeCo Daily Needs REIT (ASX:HDN) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Macquarie Place, Level 7, Gateway, Sydney, NSW, AUS, 2000

Website

https://www.home-co.com.au

HomeCo Daily Needs REIT, or HomeCo, is an externally managed property trust run by HMC Capital which also runs HealthCo Healthcare and Wellness REIT and unlisted funds. HomeCo targets 50% of assets in neighbourhood malls, 30% large-format, and 20% in health and services. After merging with Aventus Retail REIT in 2022, HomeCo is overweight large-format (just under half its portfolio) and underweight neighbourhood (one third of the portfolio), with health and services slightly below target. The plan is to move back to the target via redevelopment and tenant remixing, and potentially acquisitions. HomeCo seeks tenant leases before commencing developments, so we expect development opportunities will arise gradually, as population growth adds demand in HomeCo's catchments.

HomeCo Daily Needs REIT (ASX:HDN) Headlines

No Headlines