Bright Solar (NSE:BRIGHT) Effective Interest Rate on Debt % : 1.38% (As of Sep. 2022)

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What is Bright Solar 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. Bright Solar's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was ₹0.4 Mil. Bright Solar's average total debt for the quarter that ended in Sep. 2022 was ₹31.3 Mil. Therefore, Bright Solar's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 1.38%.

Bright Solar Effective Interest Rate on Debt % Historical Data

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

Bright Solar Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Effective Interest Rate on Debt %

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15.87

7.69

12.95

45.30

2.42

Bright Solar Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial										13.81	103.01	1.92	2.32	1.38

Competitive Comparison of Bright Solar's Effective Interest Rate on Debt %

For the Solar subindustry, Bright Solar'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.

Bright Solar's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Bright Solar's Effective Interest Rate on Debt % distribution charts can be found below:

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

Bright Solar Effective Interest Rate on Debt % Calculation

Bright Solar's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2021 )	+	Total Debt (A: Mar. 2022 ))	/ count )
=	-1 * -0.5	/	( (5.103	+	36.186)	/ 2 )
=	-1 * -0.5	/	20.6445
=	2.42 %

where

	Total Debt (A: Mar. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.648	+	1.455
=	5.103

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.556	+	30.63
=	36.186

Bright Solar's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2022 )	+	Total Debt (Q: Sep. 2022 ))	/ count )
=	-1 * -0.432	/	( (36.186	+	26.46)	/ 2 )
=	-1 * -0.432	/	31.323
=	1.38 %

where

	Total Debt (Q: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.556	+	30.63
=	36.186

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.982	+	21.478
=	26.46

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. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Bright Solar (NSE:BRIGHT) Effective Interest Rate on Debt % Explanation

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

Bright Solar Effective Interest Rate on Debt % Related Terms

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Bright Solar (NSE:BRIGHT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Bright Solar Ltd (NSE:BRIGHT) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Thaltej Cross Road, S.G. Highway, C-602, Titanium Square, Thaltej, Ahmedabad, GJ, IND, 380059

Website

https://www.brightsolarltd.com

Bright Solar Ltd is engaged in assembling of DC/AC Solar Pumps and Solar Pump Systems. It is also engaged in Engineering, Procurement, and Construction (EPC) contracts for Solar Photovoltaic Water pumps which include supplying, installing, and commissioning the pump system along with a comprehensive maintenance contract. Its product offerings include solar water pumping systems, DC solar pumps, AC solar pumps, bright solar marts, and others. The operating segments of the company are Solar Water Pumping and Other Solar System; Installation of Systems and Consulting of Project Tendering and Infrastructure, and FMCG Sales. The company generates the majority of its revenue from Solar Water Pumping and other system sales.

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