Gandhi Special Tubes (BOM:513108) Effective Interest Rate on Debt % : 46.47% (As of Dec. 2023)

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What is Gandhi Special Tubes 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. Gandhi Special Tubes's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹1 Mil. Gandhi Special Tubes's average total debt for the quarter that ended in Dec. 2023 was ₹3 Mil. Therefore, Gandhi Special Tubes's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 46.47%.

Gandhi Special Tubes Effective Interest Rate on Debt % Historical Data

The historical data trend for Gandhi Special Tubes'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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Gandhi Special Tubes Effective Interest Rate on Debt % Chart

Gandhi Special Tubes Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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13.94

15.87

61.61

34.60

Gandhi Special Tubes 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															57.22	-50.40	30.80	42.27	46.47

Competitive Comparison of Gandhi Special Tubes's Effective Interest Rate on Debt %

For the Metal Fabrication subindustry, Gandhi Special Tubes'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.

Gandhi Special Tubes's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gandhi Special Tubes's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Gandhi Special Tubes's Effective Interest Rate on Debt % falls into.

Gandhi Special Tubes Effective Interest Rate on Debt % Calculation

Gandhi Special Tubes'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 * -1.233	/	( (3.985	+	3.143)	/ 2 )
=	-1 * -1.233	/	3.564
=	34.60 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.068	+	0.917
=	3.985

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.691	+	0.452
=	3.143

Gandhi Special Tubes'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 * -1.328	/	( (2.858	+	0)	/ 1 )
=	-1 * -1.328	/	2.858
=	46.47 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.858	+	0
=	2.858

	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.

Gandhi Special Tubes (BOM:513108) Effective Interest Rate on Debt % Explanation

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

Gandhi Special Tubes Effective Interest Rate on Debt % Related Terms

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Gandhi Special Tubes (BOM:513108) Business Description

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GANDHITUBE:India

Address

55 Hughes Road, Next to Dharam Palace, 201-204, Plaza, 2nd Floor, Mumbai, MH, IND, 400007

Website

https://www.gandhispecialtubes.com

Gandhi Special Tubes Ltd manufactures and markets welded and seamless steel tubes of different sizes and specifications, and cold-formed coupling nuts. The company is involved in manufacturing automobile components, cold-formed tube nuts for fuel injection tube assemblies, hydraulic and other tube assemblies. Its products include Welded Tubes, Seamless Tubes, Wind Power, and Cold Formed Nuts. Products of the firm are supplied to the original equipment manufacturers of the automotive sector, farm equipment manufacturers, construction equipment manufacturers, refrigerator manufacturers, and other engineering industries. It also operates in the power sector through windmills installed in Maharashtra and Gujarat.

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