Eighty Jewellers (BOM:543518) Effective Interest Rate on Debt % : 11.00% (As of Mar. 2024)

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What is Eighty Jewellers 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. Eighty Jewellers's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹7.9 Mil. Eighty Jewellers's average total debt for the quarter that ended in Mar. 2024 was ₹71.7 Mil. Therefore, Eighty Jewellers's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 11.00%.

Eighty Jewellers Effective Interest Rate on Debt % Historical Data

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

Eighty Jewellers Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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11.30

10.71

10.36

11.37

10.13

Eighty Jewellers Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				6.85	12.02	15.26	10.96	11.00

Competitive Comparison of Eighty Jewellers's Effective Interest Rate on Debt %

For the Luxury Goods subindustry, Eighty Jewellers'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.

Eighty Jewellers's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Eighty Jewellers's Effective Interest Rate on Debt % distribution charts can be found below:

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

Eighty Jewellers Effective Interest Rate on Debt % Calculation

Eighty Jewellers'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 * -9.077	/	( (111.629	+	67.661)	/ 2 )
=	-1 * -9.077	/	89.645
=	10.13 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.238	+	94.391
=	111.629

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	67.661
=	67.661

Eighty Jewellers'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 * -7.888	/	( (75.743	+	67.661)	/ 2 )
=	-1 * -7.888	/	71.702
=	11.00 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	75.743
=	75.743

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	67.661
=	67.661

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.

Eighty Jewellers (BOM:543518) Effective Interest Rate on Debt % Explanation

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

Eighty Jewellers Effective Interest Rate on Debt % Related Terms

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Eighty Jewellers (BOM:543518) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Eighty Jewellers Ltd (BOM:543518) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

A.T Palace, Kotwali Chowk, Sadar Bazar, Raipur, CT, IND, 492001

Website

https://www.eightyjewels.in

Eighty Jewellers Ltd is engaged in the trading of various jewellery, ornaments, watches and luxury articles made out of gold, silver, diamonds and platinum under the brand name of Anopchand Tilokchand Jewellers.

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