Rural Funds Group (ASX:RFF) Effective Interest Rate on Debt % : 3.08% (As of Dec. 2023)

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What is Rural Funds 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. Rural Funds Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$20.7 Mil. Rural Funds Group's average total debt for the quarter that ended in Dec. 2023 was A$670.9 Mil. Therefore, Rural Funds Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.08%.

Rural Funds Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Rural Funds 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.

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Rural Funds Group Effective Interest Rate on Debt % Chart

Rural Funds Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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3.51

3.44

3.24

2.78

3.15

Rural Funds 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															2.61	2.70	3.17	3.36	3.08

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

For the REIT - Specialty subindustry, Rural Funds 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.

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

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

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

Rural Funds Group Effective Interest Rate on Debt % Calculation

Rural Funds Group'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 * -17.281	/	( (457.823	+	640.613)	/ 2 )
=	-1 * -17.281	/	549.218
=	3.15 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	455.1	+	2.723
=	457.823

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	607.463	+	33.15
=	640.613

Rural Funds 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 * -20.676	/	( (640.613	+	701.181)	/ 2 )
=	-1 * -20.676	/	670.897
=	3.08 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	607.463	+	33.15
=	640.613

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	668.406	+	32.775
=	701.181

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.

Rural Funds Group (ASX:RFF) Effective Interest Rate on Debt % Explanation

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

Rural Funds Group Effective Interest Rate on Debt % Related Terms

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Rural Funds Group (ASX:RFF) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

RFNDF:USA

Address

2 King Street, Level 2, Deakin, Canberra, ACT, AUS, 2600

Website

https://www.ruralfunds.com.au

Rural Funds Group is a real estate investment trust, which holds and leases agricultural property and equipment. The company's operating segment includes Almonds; Cattle; Vineyards; Cropping, Macadamias, and Other. It generates maximum revenue from the Almonds segment.

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