Exemplar REITail (JSE:EXP) Effective Interest Rate on Debt % : 17.62% (As of Feb. 2024)

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What is Exemplar REITail 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. Exemplar REITail's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was R297 Mil. Exemplar REITail's average total debt for the quarter that ended in Feb. 2024 was R1,688 Mil. Therefore, Exemplar REITail's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 17.62%.

Exemplar REITail Effective Interest Rate on Debt % Historical Data

The historical data trend for Exemplar REITail'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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Exemplar REITail Effective Interest Rate on Debt % Chart

Exemplar REITail Annual Data

Trend

Feb15

Feb16

Feb17

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Effective Interest Rate on Debt %

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20.27

11.68

6.06

6.91

8.86

Exemplar REITail Semi-Annual Data
	Feb15	Feb16	Feb17	Aug17	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									11.70	14.30	13.12	17.24	17.62

Competitive Comparison of Exemplar REITail's Effective Interest Rate on Debt %

For the REIT - Retail subindustry, Exemplar REITail'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.

Exemplar REITail's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

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

Exemplar REITail Effective Interest Rate on Debt % Calculation

Exemplar REITail's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2023 )	+	Total Debt (A: Feb. 2024 ))	/ count )
=	-1 * -281.594	/	( (3031.169	+	3323.434)	/ 2 )
=	-1 * -281.594	/	3177.3015
=	8.86 %

where

	Total Debt (A: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2592.272	+	438.897
=	3031.169

	Total Debt (A: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3034.277	+	289.157
=	3323.434

Exemplar REITail's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -297.338	/	( (52.287	+	3323.434)	/ 2 )
=	-1 * -297.338	/	1687.8605
=	17.62 %

where

	Total Debt (Q: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	49.528	+	2.759
=	52.287

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3034.277	+	289.157
=	3323.434

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

Exemplar REITail (JSE:EXP) Effective Interest Rate on Debt % Explanation

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

Exemplar REITail Effective Interest Rate on Debt % Related Terms

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Exemplar REITail Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Exemplar REITail Ltd (JSE:EXP) » Definitions » Effective Interest Rate on Debt %

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Address

Corner Lyttelton Road and Leyden Avenue, Clubview, Centurion, Sokatami Estate, Pretoria, ZAF, 0157

Website

https://www.exemplarreit.co.za

Exemplar REITail Ltd is a real estate investment trust which develops, owns, and manages township and rural retail real estate. The company is the only fund in the country focused purely on retail in under-serviced areas that offers stakeholders a unique investment opportunity.