Inducto Steel (BOM:532001) Effective Interest Rate on Debt % : 391.40% (As of Dec. 2023)

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What is Inducto 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. Inducto Steel's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹30.6 Mil. Inducto Steel's average total debt for the quarter that ended in Dec. 2023 was ₹7.8 Mil. Therefore, Inducto Steel's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 391.40%.

Inducto Steel Effective Interest Rate on Debt % Historical Data

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

Inducto Steel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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1.15

6.46

8.46

Inducto 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															-	15.84	34.36	560.03	391.40

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

For the Waste Management subindustry, Inducto 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.

Inducto Steel's Effective Interest Rate on Debt % Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Inducto Steel's Effective Interest Rate on Debt % distribution charts can be found below:

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

Inducto Steel Effective Interest Rate on Debt % Calculation

Inducto 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 * -8.745	/	( (50.009	+	156.758)	/ 2 )
=	-1 * -8.745	/	103.3835
=	8.46 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	50.009
=	50.009

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	156.758
=	156.758

Inducto 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 * -30.572	/	( (7.811	+	0)	/ 1 )
=	-1 * -30.572	/	7.811
=	391.40 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	7.811
=	7.811

	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.

Inducto Steel (BOM:532001) Effective Interest Rate on Debt % Explanation

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

Inducto Steel Effective Interest Rate on Debt % Related Terms

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Inducto Steel (BOM:532001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Inducto Steel Ltd (BOM:532001) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

220, Jamnalal Bajaj Marg, 156, Maker Chambers VI, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.hariyanagroup.com

Inducto Steel Ltd is a company that operates in ship breaking business. The activities of the group function through Mumbai in trading and investments and via Bhavnagar in shipbreaking and trading segments. The Trading segment engages in the business of trading in metal scrap, coals, graphite electrodes, and other industrial inouts. The Ship Breaking segment includes dismantling or breaking old and used ships. Geographically activities are carried out throughout the region of India. The majority of the revenue is generated from Manufactured products.

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