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Arihant Capital Markets (BOM:511605) Effective Interest Rate on Debt % : 16.48% (As of Mar. 2024)


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What is Arihant Capital Markets 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. Arihant Capital Markets's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹164 Mil. Arihant Capital Markets's average total debt for the quarter that ended in Mar. 2024 was ₹993 Mil. Therefore, Arihant Capital Markets's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 16.48%.


Arihant Capital Markets Effective Interest Rate on Debt % Historical Data

The historical data trend for Arihant Capital Markets'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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Arihant Capital Markets Effective Interest Rate on Debt % Chart

Arihant Capital Markets Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.73 7.04 8.68 12.73 15.81

Arihant Capital Markets Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.94 14.54 7.00 13.77 16.48

Competitive Comparison of Arihant Capital Markets's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Arihant Capital Markets'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.


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

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

* The bar in red indicates where Arihant Capital Markets's Effective Interest Rate on Debt % falls into.



Arihant Capital Markets Effective Interest Rate on Debt % Calculation

Arihant Capital Markets's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2023 )+Total Debt  (A: Mar. 2024 ))/ count )
=-1  *  -125.689/( (596.753+992.773)/ 2 )
=-1  *  -125.689/794.763
=15.81 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=33.333 + 563.42
=596.753

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=992.773 + 0
=992.773

Arihant Capital Markets's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -163.572/( (0+992.773)/ 1 )
=-1  *  -163.572/992.773
=16.48 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=992.773 + 0
=992.773

* 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.

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Arihant Capital Markets  (BOM:511605) Effective Interest Rate on Debt % Explanation

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


Arihant Capital Markets Effective Interest Rate on Debt % Related Terms

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Arihant Capital Markets (BOM:511605) Business Description

Traded in Other Exchanges
Address
Andheri Ghatkopar Link Road, Building No. 10, 1st Floor, No. 1011, Solitaire Corporate Park, Chakala, Andheri (East), Mumbai, MH, IND, 400093
Arihant Capital Markets Ltd is a holding company, which is engaged in the provision of financial services. The company provides products and services including equities, commodities, currency, financial planning, depository services, priority client group services (PCG), merchant banking, and investment banking services to a substantial and diversified clientele that includes individuals, corporations, and financial institutions. It also offers online and mobile trading, algorithmic trading, depository, and real estate services, as well as provides stock lending and borrowing, investment and trading Webinars, insurance, and RGESS services. Geographically, all the operations functioned through the region of India.

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