Interest-bearing Debt

as of July 31, 2023
Total amount of interest-bearing debt	165.9 billion yen	Average debt cost^{(Note 2)}	0.81 %
LTV (As of the end of the period)	50.6 %	Fixed-interest debt ratio^{(Note 3)}	95.0 %
Average remaining term to maturity^{(Note 1)}	3.3 years	Long-term debt ratio^{(Note 4)}	85.9 %

“Average remaining term to maturity” is calculated by weighted averaging each remaining term of interest-bearing debt according to each balance of that.
“Average debt cost” is calculated by weighted averaging each interest rate of interest-bearing debt, that takes into consideration up-front fee (per year) and the effect of interest rate swap, according to each balance of that.
“Fixed-interest debt ratio” = (Balance of fixed-interest borrowings (including the borrowings that are fixed through interest rate swap, etc.) + Balance of investment corporation bonds) / (Balance of interest-bearing debt + Balance of investment corporation bonds)
“Long-term debt ratio” = (Balance of long-term borrowings (excluding the current portion of long-term borrowings) + Balance of investment corporation bonds) / (Balance of interest-bearing debt + Balance of investment corporation bonds.) Furthermore, "Long-term debt ratio" including the current portion of long-term borrowings is 98.8%.

Trends in LTV as of July 31, 2023

Diversification of Debt Maturities as of Jul. 31, 2023