Good Com Asset Co (TSE:3475) Effective Interest Rate on Debt % : 1.50% (As of Jan. 2024)

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What is Good Com Asset Co 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. Good Com Asset Co's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was 円609 Mil. Good Com Asset Co's average total debt for the quarter that ended in Jan. 2024 was 円40,515 Mil. Therefore, Good Com Asset Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 1.50%.

Good Com Asset Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Good Com Asset Co'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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Good Com Asset Co Effective Interest Rate on Debt % Chart

Good Com Asset Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Effective Interest Rate on Debt %

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1.74

1.36

1.46

1.48

1.21

Good Com Asset Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															1.36	1.38	1.19	1.37	1.50

Competitive Comparison of Good Com Asset Co's Effective Interest Rate on Debt %

For the Real Estate - Diversified subindustry, Good Com Asset Co'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.

Good Com Asset Co's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Good Com Asset Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Good Com Asset Co's Effective Interest Rate on Debt % falls into.

Good Com Asset Co Effective Interest Rate on Debt % Calculation

Good Com Asset Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2022 )	+	Total Debt (A: Oct. 2023 ))	/ count )
=	-1 * -305.027	/	( (10067.825	+	40380.906)	/ 2 )
=	-1 * -305.027	/	25224.3655
=	1.21 %

where

	Total Debt (A: Oct. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4901.849	+	5165.976
=	10067.825

	Total Debt (A: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11232.516	+	29148.39
=	40380.906

Good Com Asset Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -608.86	/	( (40380.906	+	40648.155)	/ 2 )
=	-1 * -608.86	/	40514.5305
=	1.50 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11232.516	+	29148.39
=	40380.906

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8672.43	+	31975.725
=	40648.155

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

Good Com Asset Co (TSE:3475) Effective Interest Rate on Debt % Explanation

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

Good Com Asset Co Effective Interest Rate on Debt % Related Terms

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Good Com Asset Co (TSE:3475) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Good Com Asset Co Ltd (TSE:3475) » Definitions » Effective Interest Rate on Debt %

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Address

7-20-1, Nishishinjuku, 17th Floor, Sumitomo Fudosan Nishi-Shinjuku Building, Shinjuku-ku, Tokyo, JPN, 160-0023

Website

https://www.goodcomasset.co.jp

Good Com Asset Co Ltd is a Japan-based company mainly engaged in planning, development, sale and management of newly built apartments. It primarily engages in planning, developing, managing, and selling mansions primarily in Japan. It is also providing rent management and real estate consultancy services, as well as property and casualty insurance products.

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