TAG Immobilien AG (FRA:TEG) Effective Interest Rate on Debt % : 2.00% (As of Mar. 2024)

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What is TAG Immobilien AG 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. TAG Immobilien AG's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €65 Mil. TAG Immobilien AG's average total debt for the quarter that ended in Mar. 2024 was €3,278 Mil. Therefore, TAG Immobilien AG's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.00%.

TAG Immobilien AG Effective Interest Rate on Debt % Historical Data

The historical data trend for TAG Immobilien AG'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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TAG Immobilien AG Effective Interest Rate on Debt % Chart

TAG Immobilien AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1.99

1.84

1.67

1.54

2.00

TAG Immobilien AG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															1.97	2.03	2.12	1.94	2.00

Competitive Comparison of TAG Immobilien AG's Effective Interest Rate on Debt %

For the Real Estate Services subindustry, TAG Immobilien AG'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.

TAG Immobilien AG's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

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

* The bar in red indicates where TAG Immobilien AG's Effective Interest Rate on Debt % falls into.

TAG Immobilien AG Effective Interest Rate on Debt % Calculation

TAG Immobilien AG's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -71.522	/	( (3823.398	+	3322.931)	/ 2 )
=	-1 * -71.522	/	3573.1645
=	2.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3056.987	+	766.411
=	3823.398

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2927.55	+	395.381
=	3322.931

TAG Immobilien AG's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -65.448	/	( (3322.931	+	3234.061)	/ 2 )
=	-1 * -65.448	/	3278.496
=	2.00 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2927.55	+	395.381
=	3322.931

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2879.499	+	354.562
=	3234.061

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

TAG Immobilien AG (FRA:TEG) Effective Interest Rate on Debt % Explanation

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

TAG Immobilien AG Effective Interest Rate on Debt % Related Terms

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TAG Immobilien AG (FRA:TEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » TAG Immobilien AG (FRA:TEG) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

TAGOF:USA TEGd:UK 0JK4:UK TEG:Germany TEG:Austria

Address

Steckelhorn 5, Hamburg, DEU, 20457

Website

https://www.tag-ag.com

TAG Immobilien AG is a general real estate company that operates in Germany. The company reports multiple business segments based on location. The company's revenue sources are largely split between its top regions, while its Berlin operations slightly outweigh the others. Tag rents and manages residential properties, as well as commercial real estate properties and boarding houses. The company focuses on regions characterized by improving quality of life while considering acquisition activity as a component of its operational growth strategy.

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