Westfield Trust (ASX:WFT) Effective Interest Rate on Debt %: 1.85% (As of Dec. 2003)


What is Westfield Trust Effective Interest Rate on Debt %?

Westfield Trust ASX:WFT Effective Interest Rate on Debt % is 1.85% as of Dec. 2003.

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. Westfield Trust's annualized positive value of Interest Expense for the quarter that ended in Dec. 2003 was A$218.40 Mil. Westfield Trust's average total debt for the quarter that ended in Dec. 2003 was A$11,817.25 Mil. Therefore, Westfield Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2003 was 1.85%.

Westfield Trust  (ASX:WFT) Effective Interest Rate on Debt % Explanation

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

Westfield Trust Effective Interest Rate on Debt % Related Terms

Westfield Trust Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Westfield Trust'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.

Westfield Trust Effective Interest Rate on Debt % Chart

Westfield Trust Annual Data
Trend Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 5.99 3.63 6.50 6.48 2.60

Westfield Trust Semi-Annual Data
Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only 3.63 6.50 6.48 2.60 1.85

Westfield Trust Effective Interest Rate on Debt % Competitor Comparison

For the Real Estate - Development subindustry, Westfield Trust'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.

Westfield Trust Effective Interest Rate on Debt % vs Real Estate Industry

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

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


Westfield Trust Effective Interest Rate on Debt % Calculation

Westfield Trust's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2002 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2001 )+Total Debt  (A: Dec. 2002 ))/ count )
=-1  *  -169.1/( (2564.9+10462.8)/ 2 )
=-1  *  -169.1/6513.85
=2.60 %

where

Total Debt  (A: Dec. 2001 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2564.9 + 0
=2564.9

Total Debt  (A: Dec. 2002 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9096.8 + 1366
=10462.8

Westfield Trust's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2003 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2002 )+Total Debt  (Q: Dec. 2003 ))/ count )
=-1  *  -218.4/( (10462.8+13171.7)/ 2 )
=-1  *  -218.4/11817.25
=1.85 %

where

Total Debt  (Q: Dec. 2002 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9096.8 + 1366
=10462.8

Total Debt  (Q: Dec. 2003 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11557.7 + 1614
=13171.7

* 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 one times the annual (Dec. 2003) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 1.85% mean?
Westfield Trust (ASX:WFT) has a Effective Interest Rate on Debt % of 1.85% as of Dec. 2003. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Westfield Trust and its competitors.
Is Westfield Trust's Effective Interest Rate on Debt % too high?
Westfield Trust's current Effective Interest Rate on Debt % is 1.85%.
How does Westfield Trust's Effective Interest Rate on Debt % compare to competitors?
Westfield Trust's Effective Interest Rate on Debt % of 1.85% can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Real Estate company?
A good Effective Interest Rate on Debt % depends on the Real Estate industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Westfield Trust and its competitors. Westfield Trust's current Effective Interest Rate on Debt % is 1.85%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Westfield Trust stock overvalued right now?
Westfield Trust (ASX:WFT) has a current Effective Interest Rate on Debt % of 1.85%. The current Effective Interest Rate on Debt % is 1.85%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Westfield Trust (ASX:WFT), the current Effective Interest Rate on Debt % is 1.85% as of Dec. 2003. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Westfield Trust Business Description

Westfield Trust (WFT) comprises interests in 50 shopping centres in Australia and New Zealand, with 3.1m sqm2 of gross lettable area servicing more than 9,400 retailers who generate in excess of $13.9 billion of retail sales.