Investore Property (NZSE:IPL) Effective Interest Rate on Debt % : 4.26% (As of Mar. 2024)

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What is Investore Property 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. Investore Property's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was NZ$17.45 Mil. Investore Property's average total debt for the quarter that ended in Mar. 2024 was NZ$410.00 Mil. Therefore, Investore Property's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.26%.

Investore Property Effective Interest Rate on Debt % Historical Data

The historical data trend for Investore Property'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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Investore Property Effective Interest Rate on Debt % Chart

Investore Property Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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4.70

6.15

3.89

4.06

4.33

Investore Property Semi-Annual Data
	Sep16	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial										3.65	3.87	4.10	4.38	4.26

Competitive Comparison of Investore Property's Effective Interest Rate on Debt %

For the REIT - Retail subindustry, Investore Property'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.

Investore Property's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

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

Investore Property Effective Interest Rate on Debt % Calculation

Investore Property's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2023 )	+	Total Debt (A: Mar. 2024 ))	/ count )
=	-1 * -17.479	/	( (393.354	+	414.262)	/ 2 )
=	-1 * -17.479	/	403.808
=	4.33 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	393.279	+	0.075
=	393.354

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	314.173	+	100.089
=	414.262

Investore Property's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -17.45	/	( (405.737	+	414.262)	/ 2 )
=	-1 * -17.45	/	409.9995
=	4.26 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	305.852	+	99.885
=	405.737

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	314.173	+	100.089
=	414.262

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

Investore Property (NZSE:IPL) Effective Interest Rate on Debt % Explanation

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

Investore Property Effective Interest Rate on Debt % Related Terms

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Investore Property (NZSE:IPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Investore Property Ltd (NZSE:IPL) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

34 Shortland Street, Level 12, Auckland, NZL, 1010

Website

https://www.investoreproperty.co.nz

Investore Property Ltd is a commercial property ownership business that has been established to invest in quality Large Format Retail property assets. Its Large Format Retail includes single-story or low-level properties comprising retail shops and outlets and car parking areas. The group is reported to have a single operating segment, being large format retail properties. The company derives revenue from Rental income.

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