Dollex Agrotech (NSE:DOLLEX) Effective Interest Rate on Debt % : 6.68% (As of Sep. 2023)

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What is Dollex Agrotech 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. Dollex Agrotech's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ₹29 Mil. Dollex Agrotech's average total debt for the quarter that ended in Sep. 2023 was ₹438 Mil. Therefore, Dollex Agrotech's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 6.68%.

Dollex Agrotech Effective Interest Rate on Debt % Historical Data

The historical data trend for Dollex Agrotech'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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Dollex Agrotech Effective Interest Rate on Debt % Chart

Dollex Agrotech Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

2.62

4.11

5.16

5.49

Dollex Agrotech Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	-	5.41	5.58	6.68

Competitive Comparison of Dollex Agrotech's Effective Interest Rate on Debt %

For the Confectioners subindustry, Dollex Agrotech'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.

Dollex Agrotech's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Dollex Agrotech's Effective Interest Rate on Debt % distribution charts can be found below:

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

Dollex Agrotech Effective Interest Rate on Debt % Calculation

Dollex Agrotech'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 * -24.137	/	( (450.083	+	429.2)	/ 2 )
=	-1 * -24.137	/	439.6415
=	5.49 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	399.997	+	50.086
=	450.083

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	328.433	+	100.767
=	429.2

Dollex Agrotech's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -29.226	/	( (429.2	+	446.33)	/ 2 )
=	-1 * -29.226	/	437.765
=	6.68 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	328.433	+	100.767
=	429.2

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	367.292	+	79.038
=	446.33

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 (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Dollex Agrotech (NSE:DOLLEX) Effective Interest Rate on Debt % Explanation

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

Dollex Agrotech Effective Interest Rate on Debt % Related Terms

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Dollex Agrotech (NSE:DOLLEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dollex Agrotech Ltd (NSE:DOLLEX) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

19/1 Manorama Ganj, 205, Naroli Arcade, Near Palasia Square, Indore, MP, IND, 452001

Website

https://www.dollex.in

Dollex Agrotech Ltd is engaged in the business of manufacturing and trading sugar with captive power cogeneration capabilities. The company also produces and sells its by-products such as molasses, pressed, and bagasse. The bagasse is used to generate power. Further, it is engaged in power generation up to the captive power of 3 MW.

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