Macpower CNC Machines (NSE:MACPOWER) Effective Interest Rate on Debt % : 50.00% (As of Mar. 2024)

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What is Macpower CNC Machines 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. Macpower CNC Machines's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹2 Mil. Macpower CNC Machines's average total debt for the quarter that ended in Mar. 2024 was ₹5 Mil. Therefore, Macpower CNC Machines's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 50.00%.

Macpower CNC Machines Effective Interest Rate on Debt % Historical Data

The historical data trend for Macpower CNC Machines'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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Macpower CNC Machines Effective Interest Rate on Debt % Chart

Macpower CNC Machines Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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27.08

12.11

5.52

83.64

58.43

Macpower CNC Machines Quarterly Data
	Sep18	Mar19	Sep19	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															39.02	39.02	30.77	92.31	50.00

Competitive Comparison of Macpower CNC Machines's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Macpower CNC Machines'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.

Macpower CNC Machines's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Macpower CNC Machines's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Macpower CNC Machines's Effective Interest Rate on Debt % falls into.

Macpower CNC Machines Effective Interest Rate on Debt % Calculation

Macpower CNC Machines'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 * -2.6	/	( (4.1	+	4.8)	/ 2 )
=	-1 * -2.6	/	4.45
=	58.43 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.2	+	0.9
=	4.1

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.5	+	1.3
=	4.8

Macpower CNC Machines'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 * -2.4	/	( (0	+	4.8)	/ 1 )
=	-1 * -2.4	/	4.8
=	50.00 %

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
=	3.5	+	1.3
=	4.8

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.

Macpower CNC Machines (NSE:MACPOWER) Effective Interest Rate on Debt % Explanation

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

Macpower CNC Machines Effective Interest Rate on Debt % Related Terms

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Macpower CNC Machines (NSE:MACPOWER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Macpower CNC Machines Ltd (NSE:MACPOWER) » Definitions » Effective Interest Rate on Debt %

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Address

Near Krnati Gate, Plot No. 2234, GIDC Metoda, Talu-Lodhika District, Rajkot, GJ, IND, 360021

Website

https://www.macpowercnc.com

Macpower CNC Machines Ltd is engaged in the manufacture of Computer numerical control (CNC) Turning Centers; Vertical Machining Centers, Horizontal Machining Centers, Cylindrical Grinder, Vertical Turret Lathe, Turn Mill Centers, Drill Tap Center, Twin Spindle VMC, and Multi-Tasking 5-axis along with sub-spindle. It also offers Robotic Automation integrated with CNC machines to cope with the demand for technology-driven machining excellence.

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