Argosy Property (NZSE:ARG) Effective Interest Rate on Debt % : 5.43% (As of Mar. 2024)

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What is Argosy Property 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. Argosy Property's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was NZ$43.2 Mil. Argosy Property's average total debt for the quarter that ended in Mar. 2024 was NZ$795.5 Mil. Therefore, Argosy Property's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.43%.

Argosy Property Effective Interest Rate on Debt % Historical Data

The historical data trend for Argosy Property'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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Argosy Property Effective Interest Rate on Debt % Chart

Argosy Property Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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3.05

3.38

3.08

4.48

5.32

Argosy Property Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.19	4.06	4.85	5.05	5.43

Competitive Comparison of Argosy Property's Effective Interest Rate on Debt %

For the REIT - Diversified subindustry, Argosy Property'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.

Argosy Property's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

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

Argosy Property Effective Interest Rate on Debt % Calculation

Argosy Property's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2023 )	+	Total Debt (A: Mar. 2024 ))	/ count )
=	-1 * -41.962	/	( (800.065	+	778.01)	/ 2 )
=	-1 * -41.962	/	789.0375
=	5.32 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	799.944	+	0.121
=	800.065

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	777.883	+	0.127
=	778.01

Argosy Property'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: Sep. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -43.226	/	( (812.901	+	778.01)	/ 2 )
=	-1 * -43.226	/	795.4555
=	5.43 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	812.774	+	0.127
=	812.901

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	777.883	+	0.127
=	778.01

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

Argosy Property (NZSE:ARG) Effective Interest Rate on Debt % Explanation

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

Argosy Property Effective Interest Rate on Debt % Related Terms

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Argosy Property (NZSE:ARG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Argosy Property Ltd (NZSE:ARG) » Definitions » Effective Interest Rate on Debt %

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IGPYF:USA

Address

Victoria Street West, P.O. Box 90214, 39 Market Place, Auckland, NTL, NZL, 1142

Website

https://www.argosy.co.nz

Argosy Property Ltd's business activity is to invest in and actively manage properties throughout New Zealand. The company's portfolio is centred on the Auckland and Wellington markets and is diversified by industrial, office and Large format retail property segments. The company's industrial portfolio includes logistics warehouses, distribution centers, and other corporate or owner-operated businesses. Its office portfolio consists of house government departments and both local and international businesses. Its retail portfolio contains retail stores in large format, convenience centres, and entertainment venues.

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