Lorenzini Apparels (BOM:540952) Effective Interest Rate on Debt % : 8.10% (As of Sep. 2023)

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What is Lorenzini Apparels 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. Lorenzini Apparels's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ₹12.4 Mil. Lorenzini Apparels's average total debt for the quarter that ended in Sep. 2023 was ₹153.2 Mil. Therefore, Lorenzini Apparels's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 8.10%.

Lorenzini Apparels Effective Interest Rate on Debt % Historical Data

The historical data trend for Lorenzini Apparels'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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Lorenzini Apparels Effective Interest Rate on Debt % Chart

Lorenzini Apparels Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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14.23

10.42

6.53

6.79

8.28

Lorenzini Apparels Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial												5.46	10.23	8.28	10.64	8.10

Competitive Comparison of Lorenzini Apparels's Effective Interest Rate on Debt %

For the Apparel Manufacturing subindustry, Lorenzini Apparels'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.

Lorenzini Apparels's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Lorenzini Apparels's Effective Interest Rate on Debt % distribution charts can be found below:

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

Lorenzini Apparels Effective Interest Rate on Debt % Calculation

Lorenzini Apparels'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 * -12.6	/	( (145.473	+	158.801)	/ 2 )
=	-1 * -12.6	/	152.137
=	8.28 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	72.607	+	72.866
=	145.473

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	81.071	+	77.73
=	158.801

Lorenzini Apparels's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -12.406	/	( (158.801	+	147.619)	/ 2 )
=	-1 * -12.406	/	153.21
=	8.10 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	81.071	+	77.73
=	158.801

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	58.604	+	89.015
=	147.619

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 two times the semi-annual (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Lorenzini Apparels (BOM:540952) Effective Interest Rate on Debt % Explanation

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

Lorenzini Apparels Effective Interest Rate on Debt % Related Terms

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Lorenzini Apparels (BOM:540952) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lorenzini Apparels Ltd (BOM:540952) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

LAL:India

Address

C-64, Okhla Industrial Area Phase - I, New Delhi, Delhi, IND, 110020

Website

https://www.mymonteil.com

Lorenzini Apparels Ltd is engaged in the business of manufacturing, designing, and marketing ready-made garments in India. The company offers formal, semi-formal, and casual wear for men and women casual wear under the brand names Monteil and Munero Monteil, and Calgari. Its products include jeans, shirts, jackets, t-shirts, trousers, sweatshirts, sweaters, blazers, waistcoats, shorts, and capris. In addition, the company also outsources the garments manufacturing on a work basis from third-party contractors.

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