Parker Agro Chem Exports (BOM:524628) Effective Interest Rate on Debt % : 13.49% (As of Mar. 2024)

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What is Parker Agro Chem Exports 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. Parker Agro Chem Exports's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹1.16 Mil. Parker Agro Chem Exports's average total debt for the quarter that ended in Mar. 2024 was ₹8.57 Mil. Therefore, Parker Agro Chem Exports's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 13.49%.

Parker Agro Chem Exports Effective Interest Rate on Debt % Historical Data

The historical data trend for Parker Agro Chem Exports'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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Parker Agro Chem Exports Effective Interest Rate on Debt % Chart

Parker Agro Chem Exports Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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340.68

1.01

6.51

9.17

10.04

Parker Agro Chem Exports 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															21.76	8.87	7.45	17.36	13.49

Competitive Comparison of Parker Agro Chem Exports's Effective Interest Rate on Debt %

For the Rental & Leasing Services subindustry, Parker Agro Chem Exports'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.

Parker Agro Chem Exports's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Parker Agro Chem Exports's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Parker Agro Chem Exports's Effective Interest Rate on Debt % falls into.

Parker Agro Chem Exports Effective Interest Rate on Debt % Calculation

Parker Agro Chem Exports'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 * -0.72	/	( (5.771	+	8.572)	/ 2 )
=	-1 * -0.72	/	7.1715
=	10.04 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5.771
=	5.771

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.803	+	5.769
=	8.572

Parker Agro Chem Exports'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 * -1.156	/	( (0	+	8.572)	/ 1 )
=	-1 * -1.156	/	8.572
=	13.49 %

where

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

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.803	+	5.769
=	8.572

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.

Parker Agro Chem Exports (BOM:524628) Effective Interest Rate on Debt % Explanation

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

Parker Agro Chem Exports Effective Interest Rate on Debt % Related Terms

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Parker Agro Chem Exports (BOM:524628) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Parker Agro Chem Exports Ltd (BOM:524628) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

Panchwati Five Roads, 401, 4th Floor, Turqouise Building, Ahmedabad, GJ, IND, 380006

Website

https://www.parkeragrochem.com

Parker Agro Chem Exports Ltd is engaged in the development and renting of petroleum and edible oil storage tanks with connecting pipelines to Port/Jetty. The company is also engaged in trading in commodities including gold and silver and also shares and securities. Its segments are Commodity futures; Trading of imported RBD Palm Oil and Renting of Tank Farm. It generates the majority of its revenue from the Renting of Tank Farm segment.

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