UNITE Group (UNITE Group) Effective Interest Rate on Debt % : 2.22% (As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

What is UNITE Group 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. UNITE Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $35.7 Mil. UNITE Group's average total debt for the quarter that ended in Dec. 2023 was $1,610.2 Mil. Therefore, UNITE Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.22%.

UNITE Group Effective Interest Rate on Debt % Historical Data

The historical data trend for UNITE Group'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.

* Premium members only.

UNITE Group Effective Interest Rate on Debt % Chart

UNITE Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

2.94

3.21

3.06

3.05

2.57

UNITE Group 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															3.25	2.52	3.54	2.63	2.22

Competitive Comparison of UNITE Group's Effective Interest Rate on Debt %

For the REIT - Diversified subindustry, UNITE Group'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.

UNITE Group's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

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

UNITE Group Effective Interest Rate on Debt % Calculation

UNITE Group'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 * -40.253	/	( (1654.324	+	1475.19)	/ 2 )
=	-1 * -40.253	/	1564.757
=	2.57 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1648.477	+	5.847
=	1654.324

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1089.367	+	385.823
=	1475.19

UNITE Group'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 * -35.696	/	( (1745.202	+	1475.19)	/ 2 )
=	-1 * -35.696	/	1610.196
=	2.22 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1739.141	+	6.061
=	1745.202

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1089.367	+	385.823
=	1475.19

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.

UNITE Group (OTCPK:UTGPF) Effective Interest Rate on Debt % Explanation

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

UNITE Group Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of UNITE Group's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

UNITE Group (UNITE Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » UNITE Group PLC (OTCPK:UTGPF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

UTGl:UK UTG:UK

Address

South Quay House, Temple Back, Bristol, GBR, BS1 6FL

Website

https://www.unite-group.co.uk

UNITE Group PLC develops and operates student housing. It has nearly 150 properties in the United Kingdom that can accommodate almost 50,000 students. Nearly 20% of its rental capacity is in London. The company rents rooms both directly to students and through partnerships with more than 50 universities. Properties often have communal kitchens and other common rooms. Rental income typically provides a portion of the company's revenue. The company also generates revenue from management and development fees and from property sales.