Jai Balaji Industries (NSE:JAIBALAJI) Effective Interest Rate on Debt % : 14.91% (As of Mar. 2024)

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What is Jai Balaji 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. Jai Balaji Industries's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹704 Mil. Jai Balaji Industries's average total debt for the quarter that ended in Mar. 2024 was ₹4,725 Mil. Therefore, Jai Balaji Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 14.91%.

Jai Balaji Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for Jai Balaji 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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Jai Balaji Industries Effective Interest Rate on Debt % Chart

Jai Balaji Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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2.87

2.54

2.91

4.35

10.88

Jai Balaji 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															11.60	9.85	11.35	9.09	14.91

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

For the Steel subindustry, Jai Balaji 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.

Jai Balaji Industries's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Jai Balaji Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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

Jai Balaji Industries Effective Interest Rate on Debt % Calculation

Jai Balaji Industries'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 * -725.217	/	( (8603.653	+	4725.297)	/ 2 )
=	-1 * -725.217	/	6664.475
=	10.88 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6265.906	+	2337.747
=	8603.653

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3039.059	+	1686.238
=	4725.297

Jai Balaji 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 * -704.496	/	( (0	+	4725.297)	/ 1 )
=	-1 * -704.496	/	4725.297
=	14.91 %

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
=	3039.059	+	1686.238
=	4725.297

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.

Jai Balaji Industries (NSE:JAIBALAJI) Effective Interest Rate on Debt % Explanation

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

Jai Balaji Industries Effective Interest Rate on Debt % Related Terms

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Jai Balaji Industries (NSE:JAIBALAJI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jai Balaji Industries Ltd (NSE:JAIBALAJI) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

532976:India

Address

5, Bentinck Street, 1st Floor, Kolkata, WB, IND, 700 001

Website

http://www.jaibalajigroup.com

Jai Balaji Industries Ltd is an India based iron and steel manufacturing company. It manufactures Sponge Iron, Pig Iron, Ductile Iron Pipe, Ferro Chrome, Billet, TMT, Coke, and Sinter. The company is engaged in a single reportable segment of Iron and Steel. Geographically, it has a business presence in India and also exports it to other countries, of which key revenue is derived from India.

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