New Frontier Properties (JSE:NFP) Effective Interest Rate on Debt % : 5.31% (As of May. 2020)

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What is New Frontier Properties 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. New Frontier Properties's annualized positive value of Interest Expense for the quarter that ended in May. 2020 was R116.3 Mil. New Frontier Properties's average total debt for the quarter that ended in May. 2020 was R2,191.1 Mil. Therefore, New Frontier Properties's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2020 was 5.31%.

New Frontier Properties Effective Interest Rate on Debt % Historical Data

The historical data trend for New Frontier Properties'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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New Frontier Properties Effective Interest Rate on Debt % Chart

New Frontier Properties Annual Data

Trend

Dec14

Aug16

Aug17

Aug18

Aug19

Effective Interest Rate on Debt %

5.36

3.17

2.80

3.37

New Frontier Properties Quarterly Data
	May15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.94	-0.79	11.02	9.83	5.31

Competitive Comparison of New Frontier Properties's Effective Interest Rate on Debt %

For the REIT - Retail subindustry, New Frontier Properties'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.

New Frontier Properties's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where New Frontier Properties's Effective Interest Rate on Debt % falls into.

New Frontier Properties Effective Interest Rate on Debt % Calculation

New Frontier Properties's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2019 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2018 )	+	Total Debt (A: Aug. 2019 ))	/ count )
=	-1 * -103.938	/	( (3172.642	+	2992.191)	/ 2 )
=	-1 * -103.938	/	3082.4165
=	3.37 %

where

	Total Debt (A: Aug. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2603.972	+	568.67
=	3172.642

	Total Debt (A: Aug. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2992.191
=	2992.191

New Frontier Properties's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Feb. 2020 )	+	Total Debt (Q: May. 2020 ))	/ count )
=	-1 * -116.304	/	( (2035.417	+	2346.774)	/ 2 )
=	-1 * -116.304	/	2191.0955
=	5.31 %

where

	Total Debt (Q: Feb. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1537.199	+	498.218
=	2035.417

	Total Debt (Q: May. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1774.194	+	572.58
=	2346.774

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 (May. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

New Frontier Properties (JSE:NFP) Effective Interest Rate on Debt % Explanation

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

New Frontier Properties Effective Interest Rate on Debt % Related Terms

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New Frontier Properties Business Description

Industry

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Traded in Other Exchanges

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Address

B45 Twenty Foot Road, 5th Floor, La Croisette, Grand Baie, MUS

Website

http://newfrontierprop.com

New Frontier Properties Ltd operates as a UK real estate investment trust. The company's primary objective is to acquire and develop good quality, income-generating retail and logistics property in the UK and Europe. Its investment portfolio comprises UK shopping centers, Cleveland Centre in Middlesbrough, Coopers Square in Burton upon Trent, and Houndshill Shopping Centre in Blackpool.

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