Spear REIT (JSE:SEA) Effective Interest Rate on Debt % : 15.50% (As of Aug. 2024)

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What is Spear REIT 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. Spear REIT's annualized positive value of Interest Expense for the quarter that ended in Aug. 2024 was R117.2 Mil. Spear REIT's average total debt for the quarter that ended in Aug. 2024 was R756.3 Mil. Therefore, Spear REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 was 15.50%.

Spear REIT Effective Interest Rate on Debt % Historical Data

The historical data trend for Spear REIT'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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Spear REIT Effective Interest Rate on Debt % Chart

Spear REIT Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Effective Interest Rate on Debt %

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8.30

8.06

7.81

8.27

10.53

Spear REIT Semi-Annual Data
	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial											9.71	10.90	18.66	23.18	15.50

Competitive Comparison of Spear REIT's Effective Interest Rate on Debt %

For the REIT - Diversified subindustry, Spear REIT'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.

Spear REIT's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

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

Spear REIT Effective Interest Rate on Debt % Calculation

Spear REIT'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 * -161.465	/	( (1565.61	+	1500.727)	/ 2 )
=	-1 * -161.465	/	1533.1685
=	10.53 %

where

	Total Debt (A: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1175.273	+	390.337
=	1565.61

	Total Debt (A: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1247.616	+	253.111
=	1500.727

Spear REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Feb. 2024 )	+	Total Debt (Q: Aug. 2024 ))	/ count )
=	-1 * -117.2	/	( (1500.727	+	11.954)	/ 2 )
=	-1 * -117.2	/	756.3405
=	15.50 %

where

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1247.616	+	253.111
=	1500.727

	Total Debt (Q: Aug. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	11.954
=	11.954

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

Spear REIT (JSE:SEA) Effective Interest Rate on Debt % Explanation

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

Spear REIT Effective Interest Rate on Debt % Related Terms

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Spear REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Spear REIT Ltd (JSE:SEA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Long Street, PO Box 50, 16th Floor, Cape Town, ZAF, 8001

Website

https://www.spearprop.co.za

Spear REIT Ltd is a real estate investment trust. The company is a diversified property investment company investing in real estate sectors including office, retail, industrial, residential, and hospitality. Its operating business segments are Industrial, Commercial, Retail, Hospitality, Development, and Non-property. The segments derive their revenue mainly from rental income from leases. The company derives maximum revenue from the Commercial segment.

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