Indosolar (BOM:533257) Effective Interest Rate on Debt % : 11.80% (As of Mar. 2024)

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What is Indosolar 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. Indosolar's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹120.02 Mil. Indosolar's average total debt for the quarter that ended in Mar. 2024 was ₹1,016.92 Mil. Therefore, Indosolar's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 11.80%.

Indosolar Effective Interest Rate on Debt % Historical Data

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

Indosolar Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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0.01

0.25

9.43

Indosolar Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.00	6.86	9.84	10.12	11.80

Competitive Comparison of Indosolar's Effective Interest Rate on Debt %

For the Solar subindustry, Indosolar'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.

Indosolar's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Indosolar's Effective Interest Rate on Debt % distribution charts can be found below:

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

Indosolar Effective Interest Rate on Debt % Calculation

Indosolar'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 * -77.686	/	( (630.487	+	1016.92)	/ 2 )
=	-1 * -77.686	/	823.7035
=	9.43 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	102.656	+	527.831
=	630.487

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1014.885	+	2.035
=	1016.92

Indosolar'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 * -120.016	/	( (0	+	1016.92)	/ 1 )
=	-1 * -120.016	/	1016.92
=	11.80 %

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
=	1014.885	+	2.035
=	1016.92

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.

Indosolar (BOM:533257) Effective Interest Rate on Debt % Explanation

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

Indosolar Effective Interest Rate on Debt % Related Terms

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Indosolar (BOM:533257) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Indosolar Ltd (BOM:533257) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

3C/1, Ecotech - II, Udyog Vihar, Greater Noida, UP, IND, 201306

Website

http://www.indosolar.co.in

Indosolar Ltd is engaged in the manufacturing of solar photovoltaic cells. The business operates in one business segment that is the Manufacture of Solar Cells and Modules. Its product line consists of multi-crystalline and mono-crystalline cells, various types of modules, and various solar solutions. The company's solution consists of residential rooftop systems for home consumers, solar street lighting solutions, engineering, design, and construction for grid-connected commercial and industrial solutions, and turnkey utility-scale installation services. The finished goods generate maximum revenue for the company.

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