Mitsubishi Estate Co (TSE:8802) Effective Interest Rate on Debt % : 1.19% (As of Dec. 2023)

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What is Mitsubishi Estate Co 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. Mitsubishi Estate Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円38,996 Mil. Mitsubishi Estate Co's average total debt for the quarter that ended in Dec. 2023 was 円3,278,023 Mil. Therefore, Mitsubishi Estate Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.19%.

Mitsubishi Estate Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Mitsubishi Estate Co'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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Mitsubishi Estate Co Effective Interest Rate on Debt % Chart

Mitsubishi Estate Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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0.98

0.93

0.87

0.79

0.89

Mitsubishi Estate Co 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															0.95	0.89	1.06	1.13	1.19

Competitive Comparison of Mitsubishi Estate Co's Effective Interest Rate on Debt %

For the Real Estate - Diversified subindustry, Mitsubishi Estate Co'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.

Mitsubishi Estate Co's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

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

* The bar in red indicates where Mitsubishi Estate Co's Effective Interest Rate on Debt % falls into.

Mitsubishi Estate Co Effective Interest Rate on Debt % Calculation

Mitsubishi Estate Co'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 * -25001	/	( (2736877	+	2870206)	/ 2 )
=	-1 * -25001	/	2803541.5
=	0.89 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2384897	+	351980
=	2736877

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2438603	+	431603
=	2870206

Mitsubishi Estate Co'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 * -38996	/	( (3209151	+	3346894)	/ 2 )
=	-1 * -38996	/	3278022.5
=	1.19 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2606488	+	602663
=	3209151

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2741135	+	605759
=	3346894

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.

Mitsubishi Estate Co (TSE:8802) Effective Interest Rate on Debt % Explanation

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

Mitsubishi Estate Co Effective Interest Rate on Debt % Related Terms

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Mitsubishi Estate Co (TSE:8802) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mitsubishi Estate Co Ltd (TSE:8802) » Definitions » Effective Interest Rate on Debt %

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MITEY:USA MITEF:USA

Address

Otemachi 1-chome, Otemachi Park Building, 1-1, Chiyoda-ku, Tokyo, JPN, 100-8133

Website

http://www.mec.co.jp

Mitsubishi Estate is one of the three big Japanese real estate companies. Around two thirds of its operating profit comes from leasing office space in Japan, where half of its portfolio is concentrated in the prime Marunouchi/Otemachi district between Tokyo station and the Imperial Palace. Mitsubishi Estate's predecessor originally bought this land from the government in 1890, and the company sees itself as steward of the showcase area's long-term development, rarely if ever selling any properties there.

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