Shriram Properties (BOM:543419) Effective Interest Rate on Debt % : 16.85% (As of Dec. 2023)

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What is Shriram Properties 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. Shriram Properties's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹1,103 Mil. Shriram Properties's average total debt for the quarter that ended in Dec. 2023 was ₹6,545 Mil. Therefore, Shriram Properties's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 16.85%.

Shriram Properties Effective Interest Rate on Debt % Historical Data

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

Shriram Properties Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

12.45

15.79

16.89

18.43

16.48

Shriram Properties Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial										17.18	13.94	20.44	16.06	16.85

Competitive Comparison of Shriram Properties's Effective Interest Rate on Debt %

For the Real Estate - Development subindustry, Shriram Properties'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.

Shriram Properties's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Shriram Properties's Effective Interest Rate on Debt % distribution charts can be found below:

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

Shriram Properties Effective Interest Rate on Debt % Calculation

Shriram Properties'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 * -979.74	/	( (5454.41	+	6437.1)	/ 2 )
=	-1 * -979.74	/	5945.755
=	16.48 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	579.55	+	4874.86
=	5454.41

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	756.38	+	5680.72
=	6437.1

Shriram Properties'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 * -1102.8	/	( (6544.9	+	0)	/ 1 )
=	-1 * -1102.8	/	6544.9
=	16.85 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1473	+	5071.9
=	6544.9

	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.

Shriram Properties (BOM:543419) Effective Interest Rate on Debt % Explanation

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

Shriram Properties Effective Interest Rate on Debt % Related Terms

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Shriram Properties (BOM:543419) Business Description

Industry

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Traded in Other Exchanges

SHRIRAMPPS:India

Address

No. 31, 2nd Main Road, T. Chowdaiah Road, Shriram House, Sadashivanagar, Bengaluru, KA, IND, 560 080

Website

https://www.shriramproperties.com

Shriram Properties Ltd is a residential real estate development company. The Company is engaged in the business of construction, development and sale of all or any part of housing project which is the only reportable segment. It primarily focuses on the mid-market and affordable housing segments. It is also present in the mid-market premium and luxury housing categories as well as commercial and office space categories.

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