Tian An Australia (ASX:TIA) Effective Interest Rate on Debt % : 4.88% (As of Jun. 2023)

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What is Tian An Australia 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. Tian An Australia's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was A$6.50 Mil. Tian An Australia's average total debt for the quarter that ended in Jun. 2023 was A$133.28 Mil. Therefore, Tian An Australia's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 4.88%.

Tian An Australia Effective Interest Rate on Debt % Historical Data

The historical data trend for Tian An Australia'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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Tian An Australia Effective Interest Rate on Debt % Chart

Tian An Australia Annual Data

Trend

Jun14

Jun15

Jun16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.23

4.41

4.63

3.27

4.71

Tian An Australia 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															4.40	3.85	4.27	4.88	4.69

Competitive Comparison of Tian An Australia's Effective Interest Rate on Debt %

For the Real Estate - Development subindustry, Tian An Australia'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.

Tian An Australia's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

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

* The bar in red indicates where Tian An Australia's Effective Interest Rate on Debt % falls into.

Tian An Australia Effective Interest Rate on Debt % Calculation

Tian An Australia'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 * -6.843	/	( (125.522	+	165.196)	/ 2 )
=	-1 * -6.843	/	145.359
=	4.71 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	125.45	+	0.072
=	125.522

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	145.45	+	19.746
=	165.196

Tian An Australia's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -6.5	/	( (125.522	+	141.031)	/ 2 )
=	-1 * -6.5	/	133.2765
=	4.88 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	125.45	+	0.072
=	125.522

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	140.993	+	0.038
=	141.031

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

Tian An Australia (ASX:TIA) Effective Interest Rate on Debt % Explanation

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

Tian An Australia Effective Interest Rate on Debt % Related Terms

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Tian An Australia (ASX:TIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tian An Australia Ltd (ASX:TIA) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

99 Macquarie Street, Level 6, Sydney, NSW, AUS, 2000

Website

https://www.tianan.com.au

Tian An Australia Ltd is engaged in the development and sale of residential, land, and built-form products. The company has interests in developments on the east coast of Australia and developments in the Mandurah/Peel Region of Western Australia. The vast majority of the Group's reoccurring revenue relates to the sale of developed land and completed apartments.

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