Ghandhara Industries (KAR:GHNI) Effective Interest Rate on Debt % : 19.62% (As of Mar. 2024)

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What is Ghandhara Industries 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. Ghandhara Industries's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₨539 Mil. Ghandhara Industries's average total debt for the quarter that ended in Mar. 2024 was ₨2,749 Mil. Therefore, Ghandhara Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 19.62%.

Ghandhara Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for Ghandhara Industries'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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Ghandhara Industries Effective Interest Rate on Debt % Chart

Ghandhara Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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14.56

14.40

8.65

9.92

18.76

Ghandhara Industries 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															13.79	23.60	17.85	23.82	19.62

Competitive Comparison of Ghandhara Industries's Effective Interest Rate on Debt %

For the Auto Manufacturers subindustry, Ghandhara Industries'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.

Ghandhara Industries's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

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

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

Ghandhara Industries Effective Interest Rate on Debt % Calculation

Ghandhara Industries'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 * -741.437	/	( (4553.421	+	3352.779)	/ 2 )
=	-1 * -741.437	/	3953.1
=	18.76 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	68.06	+	4485.361
=	4553.421

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	67.981	+	3284.798
=	3352.779

Ghandhara Industries'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 * -539.428	/	( (3062.487	+	2436.173)	/ 2 )
=	-1 * -539.428	/	2749.33
=	19.62 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	81.788	+	2980.699
=	3062.487

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	68.951	+	2367.222
=	2436.173

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.

Ghandhara Industries (KAR:GHNI) Effective Interest Rate on Debt % Explanation

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

Ghandhara Industries Effective Interest Rate on Debt % Related Terms

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Ghandhara Industries (KAR:GHNI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ghandhara Industries Ltd (KAR:GHNI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

F-3, Hub Chowki Road, S.I.T.E, P.O. Box No. 2706, Karachi, SD, PAK, 75730

Website

https://www.gil.com.pk

Ghandhara Industries Ltd is a Pakistan based company. It is engaged in the manufacturing, assembly and marketing of Isuzu DMAX Pickups, ISUZU Trucks, Bus Chassis and fabrication of Bus and Load bodies. Its products include Rigid Truck & Prime Mover, Hi- spark single cab, Microbus, Pickup, cross crew cab, lander single cab, Light Commercial Vehicles and others.

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