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Titaanium Ten Enterprise (BOM:539985) Effective Interest Rate on Debt % : 10.08% (As of Mar. 2024)


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What is Titaanium Ten Enterprise 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. Titaanium Ten Enterprise's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹41 Mil. Titaanium Ten Enterprise's average total debt for the quarter that ended in Mar. 2024 was ₹406 Mil. Therefore, Titaanium Ten Enterprise's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 10.08%.


Titaanium Ten Enterprise Effective Interest Rate on Debt % Historical Data

The historical data trend for Titaanium Ten Enterprise'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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Titaanium Ten Enterprise Effective Interest Rate on Debt % Chart

Titaanium Ten Enterprise Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.33 7.52 6.13 9.20 9.86

Titaanium Ten Enterprise Semi-Annual Data
Mar14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.73 8.64 8.67 10.76 10.08

Competitive Comparison of Titaanium Ten Enterprise's Effective Interest Rate on Debt %

For the Textile Manufacturing subindustry, Titaanium Ten Enterprise'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.


Titaanium Ten Enterprise's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Titaanium Ten Enterprise's Effective Interest Rate on Debt % distribution charts can be found below:

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



Titaanium Ten Enterprise Effective Interest Rate on Debt % Calculation

Titaanium Ten Enterprise'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  *  -43.616/( (465.936+418.527)/ 2 )
=-1  *  -43.616/442.2315
=9.86 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=74.852 + 391.084
=465.936

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=65.965 + 352.562
=418.527

Titaanium Ten Enterprise'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: Sep. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -40.96/( (393.939+418.527)/ 2 )
=-1  *  -40.96/406.233
=10.08 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=60.513 + 333.426
=393.939

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=65.965 + 352.562
=418.527

* 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.

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 two times the semi-annual (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Titaanium Ten Enterprise  (BOM:539985) Effective Interest Rate on Debt % Explanation

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


Titaanium Ten Enterprise Effective Interest Rate on Debt % Related Terms

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Titaanium Ten Enterprise (BOM:539985) Business Description

Traded in Other Exchanges
N/A
Address
Ring Road, Shop No. 901/914, 9th Floor, Rajhans Complex, Beside Nirmal Children Hospital, Surat, GJ, IND, 395002
Titaanium Ten Enterprise Ltd operates in the textile industry. The company is mainly engaged in the trading of yarn, grey cloth, and knitted fabrics as well as manufacturing of knitted fabrics. It operates through Textile and Logistic segments. The firm generates majority revenue from the Textile segment.

Titaanium Ten Enterprise (BOM:539985) Headlines

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