Apar Industries (BOM:532259) Effective Interest Rate on Debt % : 85.01% (As of Mar. 2024)

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What is Apar Industries 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. Apar Industries's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹4,043 Mil. Apar Industries's average total debt for the quarter that ended in Mar. 2024 was ₹4,756 Mil. Therefore, Apar Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 85.01%.

Apar Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for Apar Industries'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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Apar Industries Effective Interest Rate on Debt % Chart

Apar Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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50.16

17.69

19.62

83.08

90.76

Apar Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															93.26	84.09	104.10	108.50	85.01

Competitive Comparison of Apar Industries's Effective Interest Rate on Debt %

For the Electrical Equipment & Parts subindustry, Apar Industries'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.

Apar Industries's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

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

Apar Industries Effective Interest Rate on Debt % Calculation

Apar Industries'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 * -3865.8	/	( (3762.3	+	4756.1)	/ 2 )
=	-1 * -3865.8	/	4259.2
=	90.76 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2150.7	+	1611.6
=	3762.3

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3946.4	+	809.7
=	4756.1

Apar Industries'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 * -4043.2	/	( (0	+	4756.1)	/ 1 )
=	-1 * -4043.2	/	4756.1
=	85.01 %

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
=	3946.4	+	809.7
=	4756.1

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.

Apar Industries (BOM:532259) Effective Interest Rate on Debt % Explanation

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

Apar Industries Effective Interest Rate on Debt % Related Terms

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Apar Industries (BOM:532259) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Apar Industries Ltd (BOM:532259) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

APARINDS:India

Address

Sion - Trombay Road, Apar House, Building No. 4 and 5, Corporate Park, Chembur, Mumbai, MH, IND, 400 071

Website

https://www.apar.com

Apar Industries Ltd is engaged in the business of manufacture and sale of conductors. The company's reportable segments include Conductor, Transformer and Specialities Oils and Power/Telecom Cables. It generates maximum revenue from the Conductor segment. Geographically, it derives a majority of revenue from India. Its product categories include oils and lubricants, aluminium and alloy conductors, railway overhead conductors, electrical and telecom cables, Eni automotive lubricants and polymers.

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