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Crescent Steel & Allied Products (KAR:CSAP) Effective Interest Rate on Debt % : 17.04% (As of Mar. 2024)


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What is Crescent Steel & Allied Products 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. Crescent Steel & Allied Products's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₨400 Mil. Crescent Steel & Allied Products's average total debt for the quarter that ended in Mar. 2024 was ₨2,344 Mil. Therefore, Crescent Steel & Allied Products's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 17.04%.


Crescent Steel & Allied Products Effective Interest Rate on Debt % Historical Data

The historical data trend for Crescent Steel & Allied Products'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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Crescent Steel & Allied Products Effective Interest Rate on Debt % Chart

Crescent Steel & Allied Products Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.53 11.89 8.36 16.14 22.85

Crescent Steel & Allied Products 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 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 16.49 22.46 23.35 23.48 17.04

Competitive Comparison of Crescent Steel & Allied Products's Effective Interest Rate on Debt %

For the Steel subindustry, Crescent Steel & Allied Products'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.


Crescent Steel & Allied Products's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Crescent Steel & Allied Products's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Crescent Steel & Allied Products's Effective Interest Rate on Debt % falls into.



Crescent Steel & Allied Products Effective Interest Rate on Debt % Calculation

Crescent Steel & Allied Products's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2022 )+Total Debt  (A: Jun. 2023 ))/ count )
=-1  *  -362.685/( (1113.31+2061.168)/ 2 )
=-1  *  -362.685/1587.239
=22.85 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=117.141 + 996.169
=1113.31

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=487.172 + 1573.996
=2061.168

Crescent Steel & Allied Products'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  *  -399.512/( (2171.53+2516.955)/ 2 )
=-1  *  -399.512/2344.2425
=17.04 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=519.848 + 1651.682
=2171.53

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=518.697 + 1998.258
=2516.955

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


Crescent Steel & Allied Products  (KAR:CSAP) Effective Interest Rate on Debt % Explanation

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


Crescent Steel & Allied Products Effective Interest Rate on Debt % Related Terms

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Crescent Steel & Allied Products (KAR:CSAP) Business Description

Traded in Other Exchanges
N/A
Address
9th Floor, Sidco Avenue Centre, 264 R.A. Lines, Karachi, SD, PAK, 74200
Crescent Steel & Allied Products Ltd has diversified businesses. The company's operating segment includes Steel; Cotton; Investment and Infrastructure Development (IID), Energy and Hadeed(Steel Billet) Divison. The steel segment comprises of manufacturing and coating of steel pipes which generates maximum revenue. Geographically, it derives a majority of revenue from Pakistan.

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