GKB Ophthalmics (BOM:533212) Effective Interest Rate on Debt % : 15.72% (As of Dec. 2023)

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What is GKB Ophthalmics 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. GKB Ophthalmics's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹17.6 Mil. GKB Ophthalmics's average total debt for the quarter that ended in Dec. 2023 was ₹111.9 Mil. Therefore, GKB Ophthalmics's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 15.72%.

GKB Ophthalmics Effective Interest Rate on Debt % Historical Data

The historical data trend for GKB Ophthalmics'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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GKB Ophthalmics Effective Interest Rate on Debt % Chart

GKB Ophthalmics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

9.66

7.83

8.43

9.39

11.28

GKB Ophthalmics 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															13.67	2.00	15.50	16.27	15.72

Competitive Comparison of GKB Ophthalmics's Effective Interest Rate on Debt %

For the Medical Instruments & Supplies subindustry, GKB Ophthalmics'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.

GKB Ophthalmics's Effective Interest Rate on Debt % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, GKB Ophthalmics's Effective Interest Rate on Debt % distribution charts can be found below:

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

GKB Ophthalmics Effective Interest Rate on Debt % Calculation

GKB Ophthalmics'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 * -12.952	/	( (117.546	+	112.156)	/ 2 )
=	-1 * -12.952	/	114.851
=	11.28 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16.164	+	101.382
=	117.546

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.7	+	100.456
=	112.156

GKB Ophthalmics'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 * -17.592	/	( (111.907	+	0)	/ 1 )
=	-1 * -17.592	/	111.907
=	15.72 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.271	+	103.636
=	111.907

	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.

GKB Ophthalmics (BOM:533212) Effective Interest Rate on Debt % Explanation

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

GKB Ophthalmics Effective Interest Rate on Debt % Related Terms

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GKB Ophthalmics (BOM:533212) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » GKB Ophthalmics Ltd (BOM:533212) » Definitions » Effective Interest Rate on Debt %

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Address

16-A, Tivim Industrial Estate, Mapusa, GA, IND, 403 526

Website

https://www.gkb.net

GKB Ophthalmics Ltd is an India-based company engaged in manufacturing and exporting ophthalmics lenses. It manufactures glass and plastic lenses both semi-finished and finished forms. The other products of the company include Organic lenses, Glass moulds, and Bifocal moulds. The company sells its products in India and also exports globally. Geographically, the majority of its revenue is generated from outside of India.

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