Overview of Debt Financing
Key financial indicators
(%)
38th FP (Jun. '23) | 39th FP (Dec. '23) | |
---|---|---|
Borrowings and bonds | 121,200 | 130,100 |
Leasehold and security deposits | 27,541 | 27,932 |
Interest-bearing debt | 148,741 | 158,032 |
LTV(Note 1) | 42.5% | 45.1% |
Appraisal-based LTV(Note 2) | 34.0% | 36.3% |
Unrealized gain or loss | 78,198 | 78,604 |
Average interest rate on borrowings | 0.44% | 0.49% |
Average maturity of borrowings | 4.50 years | 4.61 years |
- Loan-to-value ratio = (Borrowings and bonds + Leasehold and security deposits - Unrestricted cash and deposits *) /
(Balance of total assets - Unrestricted cash and deposits)
* Unrestricted cash and deposits = Cash and cash equivalents at the end of the period - distributions for the period - Appraisal-based LTV = (Borrowings and bonds + Leasehold and security deposits - Unrestricted cash and deposits) /
(Balance of total assets + Unrealized gain - Unrestricted cash and deposits) - Appraisal-based LTV = (Borrowings and bonds + Leasehold and security deposits – Unrestricted cash and deposits) / (Balance of total assets + Unrealized gain Unrestricted cash and deposits)
- Unrestricted cash and deposits = Cash and cash equivalents at the end of the period – distributions for the period
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