NIPPON REIT Investment (TSE:3296) Effective Interest Rate on Debt % : 0.67% (As of Dec. 2023)

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What is NIPPON REIT Investment 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. NIPPON REIT Investment's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was 円893 Mil. NIPPON REIT Investment's average total debt for the quarter that ended in Dec. 2023 was 円132,620 Mil. Therefore, NIPPON REIT Investment's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.67%.

NIPPON REIT Investment Effective Interest Rate on Debt % Historical Data

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

NIPPON REIT Investment Annual Data

Trend

Jun14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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0.58

0.54

0.55

0.58

0.64

NIPPON REIT Investment Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.57	0.56	0.59	0.60	0.67

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

For the REIT - Diversified subindustry, NIPPON REIT Investment'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.

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

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

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

NIPPON REIT Investment Effective Interest Rate on Debt % Calculation

NIPPON REIT Investment'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 * -847.585	/	( (0	+	132620)	/ 1 )
=	-1 * -847.585	/	132620
=	0.64 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	115020	+	17600
=	132620

NIPPON REIT Investment's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -892.996	/	( (132620	+	132620)	/ 2 )
=	-1 * -892.996	/	132620
=	0.67 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	114970	+	17650
=	132620

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	115020	+	17600
=	132620

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

NIPPON REIT Investment (TSE:3296) Effective Interest Rate on Debt % Explanation

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

NIPPON REIT Investment Effective Interest Rate on Debt % Related Terms

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NIPPON REIT Investment (TSE:3296) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » NIPPON REIT Investment Corp (TSE:3296) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 17 No. 18 Shinkawa, Chuo-ku, Tokyo-chome, JPN

Website

http://www.nippon-reit.com

NIPPON REIT Investment Corp is engaged in the property leasing business. The company manages assets by investing the funds paid in by the unitholders primarily in real estate-related assets. The company develops a portfolio of properties focused on income growth and stability, aiming to maximize unitholder value.

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