JSW Steel (BOM:500228) Effective Interest Rate on Debt % : 9.75% (As of Dec. 2023)

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What is JSW 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. JSW Steel's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹79,840 Mil. JSW Steel's average total debt for the quarter that ended in Dec. 2023 was ₹818,740 Mil. Therefore, JSW Steel's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 9.75%.

JSW Steel Effective Interest Rate on Debt % Historical Data

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

JSW Steel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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8.19

7.20

5.93

6.17

8.24

JSW 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															9.36	7.63	9.71	10.18	9.75

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

For the Steel subindustry, JSW 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.

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

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

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

JSW Steel Effective Interest Rate on Debt % Calculation

JSW 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 * -63050	/	( (722110	+	808330)	/ 2 )
=	-1 * -63050	/	765220
=	8.24 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	594850	+	127260
=	722110

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	635400	+	172930
=	808330

JSW 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 * -79840	/	( (818740	+	0)	/ 1 )
=	-1 * -79840	/	818740
=	9.75 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	589550	+	229190
=	818740

	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.

JSW Steel (BOM:500228) Effective Interest Rate on Debt % Explanation

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

JSW Steel Effective Interest Rate on Debt % Related Terms

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JSW Steel (BOM:500228) Business Description

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JSWSTEEL:India

Address

JSW Centre, Bandra Kurla Complex, Near MMRDA Grounds, Bandra (East), Mumbai, MH, IND, 400 051

Website

https://www.jsw.in

JSW Steel Ltd is an India-based company that is engaged in the business of manufacturing and selling steel products. Its steel products include semis, hot-rolled steel, cold-rolled steel, galvanized steel, color-coated steel, and long products. Its flat steel products (including hot-rolled, cold-rolled, and galvanized products), which account for the majority of the company's steel volume, are used in Indian automotive, construction, infrastructure, engineering, and consumer durable industries. Its long products, which account for the second-largest share of the company's steel volume, are used in the Indian construction, infrastructure, and automotive industries. The company generates the majority of its revenue from the Indian domestic market.

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