NDA Securities (BOM:511535) Effective Interest Rate on Debt % : 4.77% (As of Dec. 2023)

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What is NDA Securities 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. NDA Securities's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹0.81 Mil. NDA Securities's average total debt for the quarter that ended in Dec. 2023 was ₹16.94 Mil. Therefore, NDA Securities's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.77%.

NDA Securities Effective Interest Rate on Debt % Historical Data

The historical data trend for NDA Securities'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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NDA Securities Effective Interest Rate on Debt % Chart

NDA Securities Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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13.25

19.58

23.17

4.91

4.29

NDA Securities 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															-	9.39	18.40	11.27	4.77

Competitive Comparison of NDA Securities's Effective Interest Rate on Debt %

For the Capital Markets subindustry, NDA Securities'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.

NDA Securities's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, NDA Securities's Effective Interest Rate on Debt % distribution charts can be found below:

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

NDA Securities Effective Interest Rate on Debt % Calculation

NDA Securities'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 * -0.602	/	( (21.852	+	6.218)	/ 2 )
=	-1 * -0.602	/	14.035
=	4.29 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.926	+	10.926
=	21.852

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	6.218
=	6.218

NDA Securities'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 * -0.808	/	( (16.935	+	0)	/ 1 )
=	-1 * -0.808	/	16.935
=	4.77 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16.935	+	0
=	16.935

	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.

NDA Securities (BOM:511535) Effective Interest Rate on Debt % Explanation

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

NDA Securities Effective Interest Rate on Debt % Related Terms

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NDA Securities (BOM:511535) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » NDA Securities Ltd (BOM:511535) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

E-157, Second Floor, Kalkaji, New Delhi, IND, 110019

Website

https://www.ndaindia.com

NDA Securities Ltd is engaged in various financial services. The company provides various stockbroking services in the equity capital market, future and options market, commodity markets, currency derivative market, and depository participants. The company is engaged in the brokerage of financial products e.g. Stock Brokerage, Mutual Funds depository Services, and investment-related activities such as investment in subsidiaries and investment in Mutual Funds. The company receives revenue from the sale of shares and mutual fund commissions, and brokerage on the sale of securities. Geographically, the company offers its services only to the Indian market region.

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