SMVD Poly Pack (NSE:SMVD) Effective Interest Rate on Debt % : 12.22% (As of Sep. 2023)

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What is SMVD Poly Pack 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. SMVD Poly Pack's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ₹38.1 Mil. SMVD Poly Pack's average total debt for the quarter that ended in Sep. 2023 was ₹311.6 Mil. Therefore, SMVD Poly Pack's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 12.22%.

SMVD Poly Pack Effective Interest Rate on Debt % Historical Data

The historical data trend for SMVD Poly Pack'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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SMVD Poly Pack Effective Interest Rate on Debt % Chart

SMVD Poly Pack Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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9.08

11.61

11.27

9.73

10.41

SMVD Poly Pack Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial											9.56	9.89	9.60	11.33	12.22

Competitive Comparison of SMVD Poly Pack's Effective Interest Rate on Debt %

For the Packaging & Containers subindustry, SMVD Poly Pack'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.

SMVD Poly Pack's Effective Interest Rate on Debt % Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, SMVD Poly Pack's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where SMVD Poly Pack's Effective Interest Rate on Debt % falls into.

SMVD Poly Pack Effective Interest Rate on Debt % Calculation

SMVD Poly Pack'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 * -33.855	/	( (322.292	+	328.191)	/ 2 )
=	-1 * -33.855	/	325.2415
=	10.41 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	76.974	+	245.318
=	322.292

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	63.957	+	264.234
=	328.191

SMVD Poly Pack'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 * -38.086	/	( (328.191	+	295.03)	/ 2 )
=	-1 * -38.086	/	311.6105
=	12.22 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	63.957	+	264.234
=	328.191

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	47.826	+	247.204
=	295.03

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.

SMVD Poly Pack (NSE:SMVD) Effective Interest Rate on Debt % Explanation

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

SMVD Poly Pack Effective Interest Rate on Debt % Related Terms

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SMVD Poly Pack (NSE:SMVD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » SMVD Poly Pack Ltd (NSE:SMVD) » Definitions » Effective Interest Rate on Debt %

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Address

16, Strand Road, 8th Floor, Suite No.- 804B, Diamond Heritage, Kolkata, WB, IND, 700 001

Website

https://www.smvdpolypack.com

SMVD Poly Pack Ltd is an Indian company engaged in manufacturing Polypropylene/ High-Density Polyethylene woven sacks bags and sacks, Leno Bags, Jumbo (Flexible Intermediate Bulk Container) FIBC Bags, and HDPE Tarpaulin. The company serves many industries such as fertilizer plants, cement plants, chemical industries, flour mills, Steel, Plastic compounds, Rice Plants, Poultry Farms, and others. It operates through two segments: Plastic products and Water Coconut.

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