Japan Metropolitan Fund Investment (TSE:8953) Effective Interest Rate on Debt % : 0.58% (As of Aug. 2023)

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What is Japan Metropolitan Fund 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. Japan Metropolitan Fund Investment's annualized positive value of Interest Expense for the quarter that ended in Aug. 2023 was 円3,201 Mil. Japan Metropolitan Fund Investment's average total debt for the quarter that ended in Aug. 2023 was 円550,645 Mil. Therefore, Japan Metropolitan Fund Investment's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 was 0.58%.

Japan Metropolitan Fund Investment Effective Interest Rate on Debt % Historical Data

The historical data trend for Japan Metropolitan Fund 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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Japan Metropolitan Fund Investment Effective Interest Rate on Debt % Chart

Japan Metropolitan Fund Investment Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Effective Interest Rate on Debt %

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0.88

0.77

0.67

0.62

0.58

Japan Metropolitan Fund Investment Semi-Annual Data
	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.59	0.58	0.56	0.58	0.58

Competitive Comparison of Japan Metropolitan Fund Investment's Effective Interest Rate on Debt %

For the REIT - Retail subindustry, Japan Metropolitan Fund 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.

Japan Metropolitan Fund Investment's Effective Interest Rate on Debt % Distribution in the REITs Industry

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

* The bar in red indicates where Japan Metropolitan Fund Investment's Effective Interest Rate on Debt % falls into.

Japan Metropolitan Fund Investment Effective Interest Rate on Debt % Calculation

Japan Metropolitan Fund Investment's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2021 )	+	Total Debt (A: Aug. 2022 ))	/ count )
=	-1 * -3175.74	/	( (538675	+	549645)	/ 2 )
=	-1 * -3175.74	/	544160
=	0.58 %

where

	Total Debt (A: Aug. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	479775	+	58900
=	538675

	Total Debt (A: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	488945	+	60700
=	549645

Japan Metropolitan Fund Investment's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Feb. 2023 )	+	Total Debt (Q: Aug. 2023 ))	/ count )
=	-1 * -3201.438	/	( (550645	+	550645)	/ 2 )
=	-1 * -3201.438	/	550645
=	0.58 %

where

	Total Debt (Q: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	487645	+	63000
=	550645

	Total Debt (Q: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	485945	+	64700
=	550645

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

Japan Metropolitan Fund Investment (TSE:8953) Effective Interest Rate on Debt % Explanation

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

Japan Metropolitan Fund Investment Effective Interest Rate on Debt % Related Terms

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Japan Metropolitan Fund Investment (TSE:8953) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Japan Metropolitan Fund Investment Corp (TSE:8953) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

JRFIF:USA

Address

Marunouchi 2-chome, Tokyo Building 7-3, Chiyoda-ku, Tokyo, JPN, 100-6420

Website

https://www.jmf-reit.com

Japan Metropolitan Fund Investment Corp is a Japanese real estate investment trust that specialises in retail properties. The company principally generates revenue from leasing properties to tenants, which include supermarkets, clothing and accessory stores, cosmetic shops, general merchandise stores, and entertainment venues. The company's properties are located domestically in urban and suburban areas, with approximately half in the Greater Tokyo metropolitan area and the remaining in Osaka, Nagoya and surrounding areas, and other major cities.

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