Vividend Management Group (JSE:VIF) Effective Interest Rate on Debt % : 8.57% (As of Feb. 2014)

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What is Vividend Management Group 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. Vividend Management Group's annualized positive value of Interest Expense for the quarter that ended in Feb. 2014 was R119.2 Mil. Vividend Management Group's average total debt for the quarter that ended in Feb. 2014 was R1,161.4 Mil. Therefore, Vividend Management Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2014 was 10.27%.

Vividend Management Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Vividend Management Group'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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Vividend Management Group Effective Interest Rate on Debt % Chart

Vividend Management Group Annual Data

Trend

Aug11

Aug12

Aug13

Effective Interest Rate on Debt %

7.19

10.34

9.19

Vividend Management Group Semi-Annual Data
	Feb11	Feb12	Feb13	Feb14
Effective Interest Rate on Debt %	-	-	-	8.57

Competitive Comparison of Vividend Management Group's Effective Interest Rate on Debt %

For the REIT - Diversified subindustry, Vividend Management Group'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.

Vividend Management Group's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where Vividend Management Group's Effective Interest Rate on Debt % falls into.

Vividend Management Group Effective Interest Rate on Debt % Calculation

Vividend Management Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2013 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2012 )	+	Total Debt (A: Aug. 2013 ))	/ count )
=	-1 * -106.417	/	( (933.189	+	1383.211)	/ 2 )
=	-1 * -106.417	/	1158.2
=	9.19 %

where

	Total Debt (A: Aug. 2012 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	931.874	+	1.315
=	933.189

	Total Debt (A: Aug. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1334.036	+	49.175
=	1383.211

Vividend Management Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2014 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Feb. 2013 )	+	Total Debt (Q: Feb. 2014 ))	/ count )
=	-1 * -119.227	/	( (932.303	+	1390.498)	/ 2 )
=	-1 * -119.227	/	1161.4005
=	10.27 %

where

	Total Debt (Q: Feb. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	932.303	+	0
=	932.303

	Total Debt (Q: Feb. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1337.392	+	53.106
=	1390.498

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 (Feb. 2014) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Vividend Management Group (JSE:VIF) Effective Interest Rate on Debt % Explanation

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

Vividend Management Group Effective Interest Rate on Debt % Related Terms

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Vividend Management Group (JSE:VIF) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.vividend.co.za

Vividend Management Group was incorporated on 17 February 2010. It is a real estate investment trust ( REIT). The Company's portfolio consists of investments in assets and opportunities within the various property sectors in South Africa and abroad with primary focus on the retail, commercial, industrial and office sectors. The Company own a portfolio of 22 properties providing 223 444 square metres of retail and commercial space.

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