Touei Housing (TSE:8875) Effective Interest Rate on Debt % : 1.42% (As of Jul. 2013)

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What is Touei Housing 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. Touei Housing's annualized positive value of Interest Expense for the quarter that ended in Jul. 2013 was 円476 Mil. Touei Housing's average total debt for the quarter that ended in Jul. 2013 was 円33,572 Mil. Therefore, Touei Housing's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2013 was 1.42%.

Touei Housing Effective Interest Rate on Debt % Historical Data

The historical data trend for Touei Housing'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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Touei Housing Effective Interest Rate on Debt % Chart

Touei Housing Annual Data

Trend

Jan09

Jan10

Jan11

Jan12

Jan13

Effective Interest Rate on Debt %

3.10

2.49

3.16

2.19

1.50

Touei Housing Quarterly Data
	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						1.68	1.66	1.57	1.47	1.42

Competitive Comparison of Touei Housing's Effective Interest Rate on Debt %

For the Real Estate Services subindustry, Touei Housing'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.

Touei Housing's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

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

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

Touei Housing Effective Interest Rate on Debt % Calculation

Touei Housing's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2013 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2012 )	+	Total Debt (A: Jan. 2013 ))	/ count )
=	-1 * -455	/	( (27893	+	32882)	/ 2 )
=	-1 * -455	/	30387.5
=	1.50 %

where

	Total Debt (A: Jan. 2012 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	631	+	27262
=	27893

	Total Debt (A: Jan. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	688	+	32194
=	32882

Touei Housing's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2013 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Apr. 2013 )	+	Total Debt (Q: Jul. 2013 ))	/ count )
=	-1 * -476	/	( (32463	+	34680)	/ 2 )
=	-1 * -476	/	33571.5
=	1.42 %

where

	Total Debt (Q: Apr. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	645	+	31818
=	32463

	Total Debt (Q: Jul. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	602	+	34078
=	34680

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 (Jul. 2013) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Touei Housing (TSE:8875) Effective Interest Rate on Debt % Explanation

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

Touei Housing Effective Interest Rate on Debt % Related Terms

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Touei Housing Business Description

Industry

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Traded in Other Exchanges

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Address

Website

http://www.touei.co.jp

Touei Housing Corporation is a real estate company. It operates in residential and real estate businesses, with Detached Housing sales business as their core business. Its activities include sale of lots of land, construction contracting among others.

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