Simmonds Marshall (BOM:507998) Effective Interest Rate on Debt % : 11.71% (As of Dec. 2023)

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What is Simmonds Marshall 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. Simmonds Marshall's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹96 Mil. Simmonds Marshall's average total debt for the quarter that ended in Dec. 2023 was ₹816 Mil. Therefore, Simmonds Marshall's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 11.71%.

Simmonds Marshall Effective Interest Rate on Debt % Historical Data

The historical data trend for Simmonds Marshall'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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Simmonds Marshall Effective Interest Rate on Debt % Chart

Simmonds Marshall Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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10.28

11.29

11.18

9.56

10.18

Simmonds Marshall Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															10.91	9.92	10.67	10.83	11.71

Competitive Comparison of Simmonds Marshall's Effective Interest Rate on Debt %

For the Tools & Accessories subindustry, Simmonds Marshall'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.

Simmonds Marshall's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Simmonds Marshall's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Simmonds Marshall's Effective Interest Rate on Debt % falls into.

Simmonds Marshall Effective Interest Rate on Debt % Calculation

Simmonds Marshall's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -87.971	/	( (888.418	+	840.066)	/ 2 )
=	-1 * -87.971	/	864.242
=	10.18 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	571.686	+	316.732
=	888.418

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	517.264	+	322.802
=	840.066

Simmonds Marshall's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -95.504	/	( (815.635	+	0)	/ 1 )
=	-1 * -95.504	/	815.635
=	11.71 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	501.947	+	313.688
=	815.635

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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

Simmonds Marshall (BOM:507998) Effective Interest Rate on Debt % Explanation

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

Simmonds Marshall Effective Interest Rate on Debt % Related Terms

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Simmonds Marshall (BOM:507998) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Simmonds Marshall Ltd (BOM:507998) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

5, Wallace Street, Apeejay Chambers, Fort, Mumbai, MH, IND, 400001

Website

http://www.simmondsmarshall.com

Simmonds Marshall Ltd is a manufacturer of industrial fasteners. It caters to the automotive and industrial sectors and supplies to almost all the major automobile manufacturers in India as original equipment suppliers. The company product range comprises of Cleveloc and all metal self-locking nuts, Dome cap, Slotted and castle, Nylon insert self-locking nuts, Bolts and Studs. It operates in two geographical segments: India and other countries, of which maximum revenue is derived from India.

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