Denis Chem Lab (BOM:537536) Effective Interest Rate on Debt % : 89.71% (As of Mar. 2024)

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What is Denis Chem Lab 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. Denis Chem Lab's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹9 Mil. Denis Chem Lab's average total debt for the quarter that ended in Mar. 2024 was ₹10 Mil. Therefore, Denis Chem Lab's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 89.71%.

Denis Chem Lab Effective Interest Rate on Debt % Historical Data

The historical data trend for Denis Chem Lab'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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Denis Chem Lab Effective Interest Rate on Debt % Chart

Denis Chem Lab Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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13.37

10.84

8.45

24.90

36.46

Denis Chem Lab 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															54.16	18.23	21.94	31.28	89.71

Competitive Comparison of Denis Chem Lab's Effective Interest Rate on Debt %

For the Drug Manufacturers - Specialty & Generic subindustry, Denis Chem Lab'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.

Denis Chem Lab's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Denis Chem Lab's Effective Interest Rate on Debt % distribution charts can be found below:

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

Denis Chem Lab Effective Interest Rate on Debt % Calculation

Denis Chem Lab'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 * -5.432	/	( (19.336	+	10.46)	/ 2 )
=	-1 * -5.432	/	14.898
=	36.46 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.207	+	10.129
=	19.336

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.517	+	5.943
=	10.46

Denis Chem Lab'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 * -9.384	/	( (0	+	10.46)	/ 1 )
=	-1 * -9.384	/	10.46
=	89.71 %

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
=	4.517	+	5.943
=	10.46

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.

Denis Chem Lab (BOM:537536) Effective Interest Rate on Debt % Explanation

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

Denis Chem Lab Effective Interest Rate on Debt % Related Terms

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Denis Chem Lab (BOM:537536) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Denis Chem Lab Ltd (BOM:537536) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Satellite Road, 401 Abhishree Complex, Opposite OM Tower, Beside Bidiwala Park, Ahmedabad, GJ, IND, 380015

Website

http://www.denischemlab.com

Denis Chem Lab Ltd is a pharmaceutical company involved in the manufacturing of pharmaceutical products. The company offers sterile intravenous injectables for human and veterinary use for different therapeutic areas. Its product portfolio includes antibiotic injections, diuretic injections, parenteral amino acid injections, plasma volume expanders, anti-pyretic Inj. irrigation solutions and dialysis solutions. The company has only one reportable segment which is Manufacturing, and Sales of Transfusion Solution in Bottles It generates its revenues through the sale of transfusion solution in bottles.

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