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Richard Pierismpany (COL:RICH.N0000) Effective Interest Rate on Debt %

: 8.14% (As of Dec. 2023)
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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. Richard Pierismpany's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was රු2,282 Mil. Richard Pierismpany's average total debt for the quarter that ended in Dec. 2023 was රු28,049 Mil. Therefore, Richard Pierismpany's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.14%.


Richard Pierismpany Effective Interest Rate on Debt % Historical Data

The historical data trend for Richard Pierismpany'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.

* Premium members only.

Richard Pierismpany Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.11 8.82 5.59 6.22 16.79

Richard Pierismpany 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.99 14.14 12.87 16.48 8.14

Competitive Comparison

For the Conglomerates subindustry, Richard Pierismpany'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.


Richard Pierismpany Effective Interest Rate on Debt % Distribution

For the Conglomerates industry and Industrials sector, Richard Pierismpany's Effective Interest Rate on Debt % distribution charts can be found below:

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



Richard Pierismpany Effective Interest Rate on Debt % Calculation

Richard Pierismpany'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  *  -4669.624/( (26805.822+28811.796)/ 2 )
=-1  *  -4669.624/27808.809
=16.79 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=7774.91 + 19030.912
=26805.822

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4752.631 + 24059.165
=28811.796

Richard Pierismpany'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  *  -2282.032/( (28101.223+27997.431)/ 2 )
=-1  *  -2282.032/28049.327
=8.14 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3731.599 + 24369.624
=28101.223

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4840.983 + 23156.448
=27997.431

* 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.

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.


Richard Pierismpany  (COL:RICH.N0000) Effective Interest Rate on Debt % Explanation

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


Richard Pierismpany Effective Interest Rate on Debt % Related Terms

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Richard Pierismpany (COL:RICH.N0000) Business Description

Traded in Other Exchanges
N/A
Address
Number 310, High Level Road, Nawinna, Maharagama, LKA
Richard Pieris & Company PLC is a conglomerate that operates in various sectors including Rubber, Tyre, Plastic and furniture, Retail, Financial Services, Other Services, and Plantations. The company derives the majority of the revenue from a Retail segment that is involved in the sale of fast moving consumer goods, household goods, furniture and electronic goods and provides value-added services, such as bank service points, ATMs, credit card and mobile bill payment facilities. It operates a chain of Arpico Supercentres/Superstores, showrooms, and Arpico Daily Outlets. Geographically, it derives a majority of revenue from Sri Lanka.

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