Talbros Engineering (BOM:538987) Effective Interest Rate on Debt % : 8.36% (As of Mar. 2024)

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What is Talbros Engineering 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. Talbros Engineering's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹94 Mil. Talbros Engineering's average total debt for the quarter that ended in Mar. 2024 was ₹1,125 Mil. Therefore, Talbros Engineering's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.36%.

Talbros Engineering Effective Interest Rate on Debt % Historical Data

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

Talbros Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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7.18

5.48

6.57

9.36

8.97

Talbros Engineering 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															10.38	7.77	8.52	11.60	8.36

Competitive Comparison of Talbros Engineering's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Talbros Engineering'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.

Talbros Engineering's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Talbros Engineering's Effective Interest Rate on Debt % distribution charts can be found below:

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

Talbros Engineering Effective Interest Rate on Debt % Calculation

Talbros Engineering'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 * -95.848	/	( (1012.165	+	1125.323)	/ 2 )
=	-1 * -95.848	/	1068.744
=	8.97 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	497.923	+	514.242
=	1012.165

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	583.082	+	542.241
=	1125.323

Talbros Engineering'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 * -94.024	/	( (0	+	1125.323)	/ 1 )
=	-1 * -94.024	/	1125.323
=	8.36 %

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
=	583.082	+	542.241
=	1125.323

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.

Talbros Engineering (BOM:538987) Effective Interest Rate on Debt % Explanation

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

Talbros Engineering Effective Interest Rate on Debt % Related Terms

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Talbros Engineering (BOM:538987) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Talbros Engineering Ltd (BOM:538987) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

Plot No. 74-75-76, Sector 6, Faridabad, HR, IND, 121 006

Website

https://www.talbrosaxles.com

Talbros Engineering Ltd is engaged in manufacturing of Rear Axle Shafts for the automobile companies in India and foreign markets. The company operates in only one Segment namely Automobile Components. It offers Rear axle shafts and Front axle shafts. Its manufacturing facilities include forging and induction hardening. The group sells its products in India and also exports it to other countries. It derives a majority of revenue from India.

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