Heiwa Real Estate REIT (TSE:8966) Effective Interest Rate on Debt % : 0.88% (As of Nov. 2024)

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What is Heiwa Real Estate 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. Heiwa Real Estate REIT's annualized positive value of Interest Expense for the quarter that ended in Nov. 2024 was 円1,006 Mil. Heiwa Real Estate REIT's average total debt for the quarter that ended in Nov. 2024 was 円114,037 Mil. Therefore, Heiwa Real Estate REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2024 was 0.88%.

Heiwa Real Estate REIT Effective Interest Rate on Debt % Historical Data

The historical data trend for Heiwa Real Estate 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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Heiwa Real Estate REIT Effective Interest Rate on Debt % Chart

Heiwa Real Estate REIT Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Effective Interest Rate on Debt %

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0.97

0.85

0.76

0.79

0.71

Heiwa Real Estate REIT Semi-Annual Data
	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23	May24	Nov24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.76	0.70	0.75	0.80	0.88

Competitive Comparison of Heiwa Real Estate REIT's Effective Interest Rate on Debt %

For the REIT - Diversified subindustry, Heiwa Real Estate 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.

Heiwa Real Estate REIT's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where Heiwa Real Estate REIT's Effective Interest Rate on Debt % falls into.

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Heiwa Real Estate REIT Effective Interest Rate on Debt % Calculation

Heiwa Real Estate REIT's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2022 )	+	Total Debt (A: Nov. 2023 ))	/ count )
=	-1 * -798.865	/	( (0	+	112537.2)	/ 1 )
=	-1 * -798.865	/	112537.2
=	0.71 %

where

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

	Total Debt (A: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	98602.2	+	13935
=	112537.2

Heiwa Real Estate REIT's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: May. 2024 )	+	Total Debt (Q: Nov. 2024 ))	/ count )
=	-1 * -1006.232	/	( (114037.2	+	114037.2)	/ 2 )
=	-1 * -1006.232	/	114037.2
=	0.88 %

where

	Total Debt (Q: May. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	100300.2	+	13737
=	114037.2

	Total Debt (Q: Nov. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	100061.2	+	13976
=	114037.2

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

Heiwa Real Estate REIT (TSE:8966) Effective Interest Rate on Debt % Explanation

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

Heiwa Real Estate REIT Effective Interest Rate on Debt % Related Terms

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Heiwa Real Estate REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Heiwa Real Estate REIT Inc (TSE:8966) » Definitions » Effective Interest Rate on Debt %

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Address

2-5-1, Atago, Minato-ku, Tokyo, JPN, 105-6237

Website

http://www.heiwa-re.co.jp

Heiwa Real Estate REIT Inc is a real estate company that invests in office buildings and residential buildings located in the Tokyo Metropolitan Area and other cities across Japan. The company leases its buildings for rental revenue and renovates its properties. The tenants include both individuals and businesses from various industries such as wholesale and retail, manufacturing, and information and technology services. The company's assets are managed by Heiwa Real Estate Asset Management Co.

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