Vital Chemtech (NSE:VITAL) Effective Interest Rate on Debt % : 3.30% (As of Sep. 2023)

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What is Vital Chemtech 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. Vital Chemtech's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ₹8 Mil. Vital Chemtech's average total debt for the quarter that ended in Sep. 2023 was ₹256 Mil. Therefore, Vital Chemtech's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 3.30%.

Vital Chemtech Effective Interest Rate on Debt % Historical Data

The historical data trend for Vital Chemtech'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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Vital Chemtech Effective Interest Rate on Debt % Chart

Vital Chemtech Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

11.49

9.66

0.73

1.75

Vital Chemtech Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	-	1.71	1.80	3.30

Competitive Comparison of Vital Chemtech's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Vital Chemtech'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.

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

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

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

Vital Chemtech Effective Interest Rate on Debt % Calculation

Vital Chemtech'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 * -5.704	/	( (363.275	+	288.046)	/ 2 )
=	-1 * -5.704	/	325.6605
=	1.75 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	214.528	+	148.747
=	363.275

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	222.815	+	65.231
=	288.046

Vital Chemtech'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 * -8.428	/	( (288.046	+	223.205)	/ 2 )
=	-1 * -8.428	/	255.6255
=	3.30 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	222.815	+	65.231
=	288.046

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	194.443	+	28.762
=	223.205

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.

Vital Chemtech (NSE:VITAL) Effective Interest Rate on Debt % Explanation

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

Vital Chemtech Effective Interest Rate on Debt % Related Terms

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Vital Chemtech (NSE:VITAL) Business Description

Industry

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

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Traded in Other Exchanges

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Address

S. G. Highway, Opposite Karnavati Club, B-406, Mondeal Heights, Ahmedabad, GJ, IND, 380015

Website

https://www.vitalgroup.co.in

Vital Chemtech Ltd is engaged in the business of manufacturing, producing, refining, processing, formulating, mixing, enriching, mining, importing, exporting, acquiring, inventing, buying, selling, exchanging, distributing, and otherwise trading and dealing in all kinds of mixtures, formlations, intermediates, derivatives, compounds, phosphorous based chemicals, fine chemicals, heavy chemicals, valence, inorganic and organic chemicals, source materials, intermediates, ingredients, mixtures, derivatives and compounds. The company's Products include Phosphorus Derivatives, Industrial Chemicals, Specialty Chemicals & Intermediates, Organophosphates, Polymers & Dispersants, and Wellness Products.

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