Escorts Kubota (NSE:ESCORTS) Effective Interest Rate on Debt % : 29.99% (As of Mar. 2024)

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What is Escorts Kubota 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. Escorts Kubota's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹159 Mil. Escorts Kubota's average total debt for the quarter that ended in Mar. 2024 was ₹531 Mil. Therefore, Escorts Kubota's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 29.99%.

Escorts Kubota Effective Interest Rate on Debt % Historical Data

The historical data trend for Escorts Kubota'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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Escorts Kubota Effective Interest Rate on Debt % Chart

Escorts Kubota Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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8.73

19.04

20.56

24.29

24.86

Escorts Kubota 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															25.34	23.94	23.48	23.86	29.99

Competitive Comparison of Escorts Kubota's Effective Interest Rate on Debt %

For the Farm & Heavy Construction Machinery subindustry, Escorts Kubota'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.

Escorts Kubota's Effective Interest Rate on Debt % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Escorts Kubota's Effective Interest Rate on Debt % distribution charts can be found below:

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

Escorts Kubota Effective Interest Rate on Debt % Calculation

Escorts Kubota'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 * -137.2	/	( (573	+	530.9)	/ 2 )
=	-1 * -137.2	/	551.95
=	24.86 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	449.1	+	123.9
=	573

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	353.1	+	177.8
=	530.9

Escorts Kubota'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 * -159.2	/	( (0	+	530.9)	/ 1 )
=	-1 * -159.2	/	530.9
=	29.99 %

where

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

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	353.1	+	177.8
=	530.9

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.

Escorts Kubota (NSE:ESCORTS) Effective Interest Rate on Debt % Explanation

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

Escorts Kubota Effective Interest Rate on Debt % Related Terms

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Escorts Kubota (NSE:ESCORTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Escorts Kubota Ltd (NSE:ESCORTS) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

500495:India

Address

15/5, Mathura Road, Faridabad, HR, IND, 121 003

Website

https://www.escortsgroup.com

Escorts Kubota Ltd is an Indian company manufacturing agricultural tractors and construction equipment. It manufactures engines for agricultural tractors, earth moving and material handling equipment, round and flat tubes, heating elements, and other machines. The company's operating segments include Agri machinery products, Construction equipment, Railway equipment, and Others. It generates maximum revenue from the Agri machinery products segment. Geographically, it derives a majority of its revenue from India. The company also trades in oils and lubricants, compressor accessories and spares, and others.

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