Muthoot Finance (BOM:533398) Effective Interest Rate on Debt % : 8.84% (As of Dec. 2023)

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What is Muthoot Finance 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. Muthoot Finance's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹56,499 Mil. Muthoot Finance's average total debt for the quarter that ended in Dec. 2023 was ₹638,821 Mil. Therefore, Muthoot Finance's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.84%.

Muthoot Finance Effective Interest Rate on Debt % Historical Data

The historical data trend for Muthoot Finance'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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Muthoot Finance Effective Interest Rate on Debt % Chart

Muthoot Finance Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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9.45

8.98

9.02

8.14

7.66

Muthoot Finance 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															8.33	8.33	8.77	8.95	8.84

Competitive Comparison of Muthoot Finance's Effective Interest Rate on Debt %

For the Credit Services subindustry, Muthoot Finance'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.

Muthoot Finance's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Muthoot Finance's Effective Interest Rate on Debt % distribution charts can be found below:

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

Muthoot Finance Effective Interest Rate on Debt % Calculation

Muthoot Finance'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 * -42091.78	/	( (543621.21	+	555061.32)	/ 2 )
=	-1 * -42091.78	/	549341.265
=	7.66 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	543621.21	+	0
=	543621.21

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	555061.32	+	0
=	555061.32

Muthoot Finance'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 * -56499.28	/	( (620342.12	+	657299.04)	/ 2 )
=	-1 * -56499.28	/	638820.58
=	8.84 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	620342.12	+	0
=	620342.12

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	657299.04	+	0
=	657299.04

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.

Muthoot Finance (BOM:533398) Effective Interest Rate on Debt % Explanation

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

Muthoot Finance Effective Interest Rate on Debt % Related Terms

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Muthoot Finance (BOM:533398) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Muthoot Finance Ltd (BOM:533398) » Definitions » Effective Interest Rate on Debt %

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MUTHOOTFIN:India

Address

Banerji Road, Ernakulam, 2nd Floor, Muthoot Chambers, Opposite Saritha Theatre Complex, Kochi, KL, IND, 682 018

Website

https://www.muthootfinance.com

Muthoot Finance Ltd is a non-deposit-taking, non-banking financial company with thousands of branches in India. The company's main business is providing personal and business loans to individuals who do not have access to formal credit. The loans are typically secured by gold jewelry. Muthoot also offers some microfinance loans and housing loans to customer segments and areas that are underserved by banks. Interest income accounts for nearly all the company's revenue. Muthoot has operations in Sri Lanka and India, with India providing almost all the company's revenue.

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