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Primary Health Properties (JSE:PHP) Effective Interest Rate on Debt % : 7.42% (As of Dec. 2023)


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What is Primary Health Properties 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. Primary Health Properties's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was R2,283 Mil. Primary Health Properties's average total debt for the quarter that ended in Dec. 2023 was R30,772 Mil. Therefore, Primary Health Properties's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.42%.


Primary Health Properties Effective Interest Rate on Debt % Historical Data

The historical data trend for Primary Health Properties'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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Primary Health Properties Effective Interest Rate on Debt % Chart

Primary Health Properties Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.17 3.50 3.25 3.13 3.81

Primary Health Properties Quarterly 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.53 5.79 6.63 7.62 7.42

Competitive Comparison of Primary Health Properties's Effective Interest Rate on Debt %

For the REIT - Healthcare Facilities subindustry, Primary Health Properties'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.


Primary Health Properties's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where Primary Health Properties's Effective Interest Rate on Debt % falls into.



Primary Health Properties Effective Interest Rate on Debt % Calculation

Primary Health Properties'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  *  -1117.968/( (27416.477+31281.877)/ 2 )
=-1  *  -1117.968/29349.177
=3.81 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=27416.477 + 0
=27416.477

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=31281.877 + 0
=31281.877

Primary Health Properties'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  *  -2283.108/( (30261.492+31281.877)/ 2 )
=-1  *  -2283.108/30771.6845
=7.42 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=30261.492 + 0
=30261.492

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=31281.877 + 0
=31281.877

* 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.

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


Primary Health Properties  (JSE:PHP) Effective Interest Rate on Debt % Explanation

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


Primary Health Properties Effective Interest Rate on Debt % Related Terms

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Primary Health Properties (JSE:PHP) Business Description

Industry
Traded in Other Exchanges
Address
15–16 Buckingham Street, 5th Floor, Burdett House, London, GBR, WC2N 6DU
Primary Health Properties PLC is a UK based real estate investment trust. The company is engaged in making investments in integrated healthcare properties. Its portfolio comprises Wincanton Healthcare, Stenhousemuir Medical Centre, Croft Medical Centre, Low Grange Health Village, Syston Health Centre, and others. It seeks the generation of rental income and capital growth through investment in primary healthcare property in the United Kingdom and Ireland. It receives rental income on property investments.

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