MakeMyTrip (MakeMyTrip) Effective Interest Rate on Debt % : 10.14% (As of Dec. 2023)

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What is MakeMyTrip 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. MakeMyTrip's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $24.9 Mil. MakeMyTrip's average total debt for the quarter that ended in Dec. 2023 was $245.7 Mil. Therefore, MakeMyTrip's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 10.14%.

MakeMyTrip Effective Interest Rate on Debt % Historical Data

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

MakeMyTrip Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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44.00

21.97

3.40

7.28

7.36

MakeMyTrip 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															18.76	-41.68	8.53	16.52	10.14

Competitive Comparison of MakeMyTrip's Effective Interest Rate on Debt %

For the Travel Services subindustry, MakeMyTrip'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.

MakeMyTrip's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, MakeMyTrip's Effective Interest Rate on Debt % distribution charts can be found below:

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

MakeMyTrip Effective Interest Rate on Debt % Calculation

MakeMyTrip'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 * -16.621	/	( (216.584	+	235.164)	/ 2 )
=	-1 * -16.621	/	225.874
=	7.36 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	213.808	+	2.776
=	216.584

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15.65	+	219.514
=	235.164

MakeMyTrip'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 * -24.912	/	( (242.725	+	248.724)	/ 2 )
=	-1 * -24.912	/	245.7245
=	10.14 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.972	+	227.753
=	242.725

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16.261	+	232.463
=	248.724

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.

MakeMyTrip (NAS:MMYT) Effective Interest Rate on Debt % Explanation

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

MakeMyTrip Effective Interest Rate on Debt % Related Terms

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MakeMyTrip (MakeMyTrip) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » MakeMyTrip Ltd (NAS:MMYT) » Definitions » Effective Interest Rate on Debt %

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Address

DLF Cyber City, DLF Phase 2, 19th Floor, Building No. 5, Tower B, Sector 25, Gurugram, HR, IND, 122002

Website

https://www.makemytrip.com

MakeMyTrip Ltd is an online travel company, which provides online booking solutions for day-to-day travel needs. The company's operating segment includes Air ticketing; Hotels and packages; Bus ticketing and Others. It generates maximum revenue from the Hotels and packages segment. The Hotels and packages segments include internet-based platforms, call-centers, and branch offices, which provide holiday packages and hotel reservations. Its Air ticketing segment includes internet-based platforms, provides the facility to book domestic and international air tickets. Geographically, it derives a majority of revenue from India and also has a presence in the United States; South East Asia; Europe, and other countries.