Hindustan Zinc (BOM:500188) Effective Interest Rate on Debt % : 11.49% (As of Mar. 2024)

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What is Hindustan Zinc 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. Hindustan Zinc's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹10,480 Mil. Hindustan Zinc's average total debt for the quarter that ended in Mar. 2024 was ₹91,210 Mil. Therefore, Hindustan Zinc's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 11.49%.

Hindustan Zinc Effective Interest Rate on Debt % Historical Data

The historical data trend for Hindustan Zinc'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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Hindustan Zinc Effective Interest Rate on Debt % Chart

Hindustan Zinc Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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4.91

8.95

5.13

4.35

8.96

Hindustan Zinc Quarterly Data
	Jun19	Sep19	Dec19	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															5.78	7.15	7.62	7.98	11.49

Competitive Comparison of Hindustan Zinc's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Hindustan Zinc'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.

Hindustan Zinc's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Hindustan Zinc's Effective Interest Rate on Debt % distribution charts can be found below:

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

Hindustan Zinc Effective Interest Rate on Debt % Calculation

Hindustan Zinc'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 * -9550	/	( (121880	+	91210)	/ 2 )
=	-1 * -9550	/	106545
=	8.96 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15190	+	106690
=	121880

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	44240	+	46970
=	91210

Hindustan Zinc'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 * -10480	/	( (0	+	91210)	/ 1 )
=	-1 * -10480	/	91210
=	11.49 %

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
=	44240	+	46970
=	91210

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.

Hindustan Zinc (BOM:500188) Effective Interest Rate on Debt % Explanation

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

Hindustan Zinc Effective Interest Rate on Debt % Related Terms

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Hindustan Zinc (BOM:500188) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hindustan Zinc Ltd (BOM:500188) » Definitions » Effective Interest Rate on Debt %

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HINDZINC:India

Address

Yashad Bhavan, Udaipur, RJ, IND, 313004

Website

https://www.hzlindia.com

Hindustan Zinc Ltd is engaged in exploring, extracting, processing minerals, and manufacturing metals. The company is focused on mining and smelting zinc, Lead, and silver and also power generation through captive power plants and wind power plants. The company produces products under the brand name HZL and Vedanta. The segments of the company include Zinc, Lead, Silver, and others; and Wind energy. The company generates the majority of its revenues through Zinc, Lead, silver, and other segments. The company has a business presence in India, Asia, and the Rest of the World of which India derives a majority of the revenue.

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