Visa Steel (NSE:VISASTEEL) Effective Interest Rate on Debt % : 2.15% (As of Dec. 2023)

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What is Visa Steel 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. Visa Steel's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹300 Mil. Visa Steel's average total debt for the quarter that ended in Dec. 2023 was ₹13,929 Mil. Therefore, Visa Steel's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 2.15%.

Visa Steel Effective Interest Rate on Debt % Historical Data

The historical data trend for Visa Steel'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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Visa Steel Effective Interest Rate on Debt % Chart

Visa Steel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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0.46

0.54

0.48

0.59

1.04

Visa Steel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.73	2.09	2.22	2.11	2.15

Competitive Comparison of Visa Steel's Effective Interest Rate on Debt %

For the Steel subindustry, Visa Steel'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.

Visa Steel's Effective Interest Rate on Debt % Distribution in the Steel Industry

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

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

Visa Steel Effective Interest Rate on Debt % Calculation

Visa Steel'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 * -253.64	/	( (34807.97	+	13944.1)	/ 2 )
=	-1 * -253.64	/	24376.035
=	1.04 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	119.98	+	34687.99
=	34807.97

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	439.31	+	13504.79
=	13944.1

Visa Steel's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -299.56	/	( (13928.68	+	0)	/ 1 )
=	-1 * -299.56	/	13928.68
=	2.15 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	422.23	+	13506.45
=	13928.68

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

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

Visa Steel (NSE:VISASTEEL) Effective Interest Rate on Debt % Explanation

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

Visa Steel Effective Interest Rate on Debt % Related Terms

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Visa Steel (NSE:VISASTEEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Visa Steel Ltd (NSE:VISASTEEL) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

532721:India

Address

8/10 Alipore Road, VISA House, Kolkata, WB, IND, 700027

Website

http://www.visasteel.com

Visa Steel Ltd is an India-based mineral, metal, and energy company. It is engaged in the manufacturing of iron and steel products, including pig iron, sponge iron, special steel, and high carbon ferrochrome with the captive power plant at Kalinganagar, Odisha. The Company's segments include Special Steel and Ferro Alloys. The Special Steel segment includes bars and wire rods, billets and blooms, pig iron and sponge iron, and other allied products. The firm's products range consists of special steel long products, Ferro Chrome and Coke. The firm generates a majority of its revenue from India.

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