Leo Palace21 (STU:MQI) Effective Interest Rate on Debt % : 13.68% (As of Dec. 2023)

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What is Leo Palace21 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. Leo Palace21's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €27 Mil. Leo Palace21's average total debt for the quarter that ended in Dec. 2023 was €196 Mil. Therefore, Leo Palace21's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 13.68%.

Leo Palace21 Effective Interest Rate on Debt % Historical Data

The historical data trend for Leo Palace21'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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Leo Palace21 Effective Interest Rate on Debt % Chart

Leo Palace21 Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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1.50

1.53

5.81

13.01

12.84

Leo Palace21 Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															13.15	13.27	13.26	13.84	13.68

Competitive Comparison of Leo Palace21's Effective Interest Rate on Debt %

For the Real Estate Services subindustry, Leo Palace21'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.

Leo Palace21's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Leo Palace21's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Leo Palace21's Effective Interest Rate on Debt % falls into.

Leo Palace21 Effective Interest Rate on Debt % Calculation

Leo Palace21'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 * -30.536	/	( (253.025	+	222.543)	/ 2 )
=	-1 * -30.536	/	237.784
=	12.84 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	237.366	+	15.659
=	253.025

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	214.06	+	8.483
=	222.543

Leo Palace21'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: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -26.8	/	( (195.1	+	196.716)	/ 2 )
=	-1 * -26.8	/	195.908
=	13.68 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	192.153	+	2.947
=	195.1

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	190.525	+	6.191
=	196.716

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

Leo Palace21 (STU:MQI) Effective Interest Rate on Debt % Explanation

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

Leo Palace21 Effective Interest Rate on Debt % Related Terms

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Leo Palace21 (STU:MQI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Leo Palace21 Corp (STU:MQI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

8848:Japan MQI:Germany

Address

2-54-11 Honcho, Nakano-ku, Tokyo, JPN, 164-8622

Website

http://www.leopalace21.co.jp

Leo Palace21 Corp has two core businesses: Construction, which builds apartment buildings, and Leasing, which rents and manages units in the apartments that the company builds. Upon completion, Leo Palace21 typically sells buildings to investors and then pays them a fixed rental amount for all the units in the building, whether occupied or not. LeoPalace21 then rents, manages, and maintains the units and keeps all rent from tenants as its own revenue. The company also has an Elderly Care business, which runs nursing facilities, and a Hotel & Resort business. The vast majority of LeoPalace21's revenue comes from the Leasing segment, and more than 90% of the company's revenue is generated in Japan.

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