Sanginita Chemicals (NSE:SANGINITA) Effective Interest Rate on Debt % : 7.66% (As of Sep. 2023)

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What is Sanginita Chemicals 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. Sanginita Chemicals's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ₹25 Mil. Sanginita Chemicals's average total debt for the quarter that ended in Sep. 2023 was ₹321 Mil. Therefore, Sanginita Chemicals's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 7.66%.

Sanginita Chemicals Effective Interest Rate on Debt % Historical Data

The historical data trend for Sanginita Chemicals'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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Sanginita Chemicals Effective Interest Rate on Debt % Chart

Sanginita Chemicals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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10.26

9.37

7.80

7.60

6.38

Sanginita Chemicals Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.55	8.05	2.74	9.26	7.66

Competitive Comparison of Sanginita Chemicals's Effective Interest Rate on Debt %

For the Chemicals subindustry, Sanginita Chemicals'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.

Sanginita Chemicals's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sanginita Chemicals's Effective Interest Rate on Debt % distribution charts can be found below:

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

Sanginita Chemicals Effective Interest Rate on Debt % Calculation

Sanginita Chemicals'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 * -20.114	/	( (345.137	+	285.8)	/ 2 )
=	-1 * -20.114	/	315.4685
=	6.38 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35.55	+	309.587
=	345.137

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.65	+	265.15
=	285.8

Sanginita Chemicals'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: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -24.604	/	( (0	+	321.086)	/ 1 )
=	-1 * -24.604	/	321.086
=	7.66 %

where

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

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30.1	+	290.986
=	321.086

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

Sanginita Chemicals (NSE:SANGINITA) Effective Interest Rate on Debt % Explanation

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

Sanginita Chemicals Effective Interest Rate on Debt % Related Terms

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Sanginita Chemicals (NSE:SANGINITA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sanginita Chemicals Ltd (NSE:SANGINITA) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Ch-Road, 301, 3rd Floor, Shalin Complex, Behind Megh-Malhar Complex, Sector -11, Gandhinagar, GJ, IND, 382011

Website

http://www.sanginitachemicals.co.in

Sanginita Chemicals Ltd is engaged in the manufacturing of inorganic metal-based chemicals. It offers Cuprous Chloride, Copper Sulphate, Copper Phthalocyanine Blue Crude, and Cupric Chloride. The company's products are widely used in dyes and pigment industries, paint industries, pharmaceuticals industries, electroplating industries, metal extraction industries and ink, Carbon paper, PVC pipe coating industries, and others. In addition, the company also undertakes the production of various other chemical products.

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