Orion Office REIT (MEX:ONL) Effective Interest Rate on Debt % : 6.76% (As of Mar. 2024)

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What is Orion Office 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. Orion Office REIT's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was MXN541 Mil. Orion Office REIT's average total debt for the quarter that ended in Mar. 2024 was MXN7,996 Mil. Therefore, Orion Office REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.76%.

Orion Office REIT Effective Interest Rate on Debt % Historical Data

The historical data trend for Orion Office 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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Orion Office REIT Effective Interest Rate on Debt % Chart

Orion Office REIT Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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4.73

5.66

1.27

4.98

5.41

Orion Office REIT Quarterly Data
	Dec18	Dec19	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													5.09	5.23	5.53	6.17	6.76

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

For the REIT - Office subindustry, Orion Office 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.

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

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

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

Orion Office REIT Effective Interest Rate on Debt % Calculation

Orion Office REIT'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 * -503.609	/	( (10528.815	+	8095.528)	/ 2 )
=	-1 * -503.609	/	9312.1715
=	5.41 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7140.118	+	3388.697
=	10528.815

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6126.515	+	1969.013
=	8095.528

Orion Office REIT'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 * -540.772	/	( (8095.528	+	7896.183)	/ 2 )
=	-1 * -540.772	/	7995.8555
=	6.76 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6126.515	+	1969.013
=	8095.528

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5971.017	+	1925.166
=	7896.183

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.

Orion Office REIT (MEX:ONL) Effective Interest Rate on Debt % Explanation

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

Orion Office REIT Effective Interest Rate on Debt % Related Terms

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Orion Office REIT (MEX:ONL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Orion Office REIT Inc (MEX:ONL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

ONL:USA OY9:Germany

Address

2398 East Camelback Road, Suite 1060, Phoenix, AZ, USA, 85016

Website

https://www.onlreit.com

Orion Office REIT Inc is a internally-managed REIT engaged in the ownership, acquisition, and management of a diversified portfolio of mission-critical and headquarters office buildings located in high quality suburban markets across the U.S. and leased on a single-tenant net lease basis to creditworthy clients. The Company operates in one business segment: direct ownership and operation of commercial real estate.