Mori Hills Reit Investment (TSE:3234) Effective Interest Rate on Debt % : 0.41% (As of Jul. 2023)

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What is Mori Hills Reit Investment 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. Mori Hills Reit Investment's annualized positive value of Interest Expense for the quarter that ended in Jul. 2023 was 円795 Mil. Mori Hills Reit Investment's average total debt for the quarter that ended in Jul. 2023 was 円192,422 Mil. Therefore, Mori Hills Reit Investment's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2023 was 0.41%.

Mori Hills Reit Investment Effective Interest Rate on Debt % Historical Data

The historical data trend for Mori Hills Reit Investment'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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Mori Hills Reit Investment Effective Interest Rate on Debt % Chart

Mori Hills Reit Investment Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Effective Interest Rate on Debt %

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0.51

0.49

0.46

0.44

0.42

Mori Hills Reit Investment Semi-Annual Data
	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.45	0.42	0.42	0.41	0.41

Competitive Comparison of Mori Hills Reit Investment's Effective Interest Rate on Debt %

For the REIT - Diversified subindustry, Mori Hills Reit Investment'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.

Mori Hills Reit Investment's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where Mori Hills Reit Investment's Effective Interest Rate on Debt % falls into.

Mori Hills Reit Investment Effective Interest Rate on Debt % Calculation

Mori Hills Reit Investment's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jul. 2022 )	+	Total Debt (A: Jul. 2023 ))	/ count )
=	-1 * -803.249	/	( (192422	+	192422)	/ 2 )
=	-1 * -803.249	/	192422
=	0.42 %

where

	Total Debt (A: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	177222	+	15200
=	192422

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	173622	+	18800
=	192422

Mori Hills Reit Investment's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jan. 2023 )	+	Total Debt (Q: Jul. 2023 ))	/ count )
=	-1 * -794.71	/	( (192422	+	192422)	/ 2 )
=	-1 * -794.71	/	192422
=	0.41 %

where

	Total Debt (Q: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	172022	+	20400
=	192422

	Total Debt (Q: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	173622	+	18800
=	192422

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

Mori Hills Reit Investment (TSE:3234) Effective Interest Rate on Debt % Explanation

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

Mori Hills Reit Investment Effective Interest Rate on Debt % Related Terms

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Mori Hills Reit Investment (TSE:3234) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mori Hills Reit Investment Corp (TSE:3234) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

12-32 Akasaka 1-chome, Minato-ku, Tokyo, JPN

Website

http://www.mori-hills-reit.co.jp

Mori Hills Reit Investment Corp is engaged in real estate investment, leasing, and management. The firm's primary objective is to secure steady growth in its portfolio and to maximize unitholders' value by making selective investments that mainly target areas and real estate properties. The company's real estate portfolio, as of the end of the twenty-first fiscal period, was comprised of ten properties. The company owns real estate primarily office buildings and residential and retail properties available for lease in Tokyo.

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