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MITCON Consultancy & Engineering Services (NSE:MITCON) Effective Interest Rate on Debt % : 9.26% (As of Dec. 2023)


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What is MITCON Consultancy & Engineering Services 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. MITCON Consultancy & Engineering Services's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹117 Mil. MITCON Consultancy & Engineering Services's average total debt for the quarter that ended in Dec. 2023 was ₹1,266 Mil. Therefore, MITCON Consultancy & Engineering Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 9.26%.


MITCON Consultancy & Engineering Services Effective Interest Rate on Debt % Historical Data

The historical data trend for MITCON Consultancy & Engineering Services'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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MITCON Consultancy & Engineering Services Effective Interest Rate on Debt % Chart

MITCON Consultancy & Engineering Services 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 0.56 11.76 11.19 9.97 9.69

MITCON Consultancy & Engineering Services Quarterly Data
Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 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 11.59 9.04 8.95 9.65 9.26

Competitive Comparison of MITCON Consultancy & Engineering Services's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, MITCON Consultancy & Engineering Services'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.


MITCON Consultancy & Engineering Services's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, MITCON Consultancy & Engineering Services's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where MITCON Consultancy & Engineering Services's Effective Interest Rate on Debt % falls into.



MITCON Consultancy & Engineering Services Effective Interest Rate on Debt % Calculation

MITCON Consultancy & Engineering Services'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  *  -95.756/( (829.653+1146.89)/ 2 )
=-1  *  -95.756/988.2715
=9.69 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=692.218 + 137.435
=829.653

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=984.712 + 162.178
=1146.89

MITCON Consultancy & Engineering Services'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  *  -117.24/( (1265.516+0)/ 1 )
=-1  *  -117.24/1265.516
=9.26 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1091.529 + 173.987
=1265.516

* 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.


MITCON Consultancy & Engineering Services  (NSE:MITCON) Effective Interest Rate on Debt % Explanation

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


MITCON Consultancy & Engineering Services Effective Interest Rate on Debt % Related Terms

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MITCON Consultancy & Engineering Services (NSE:MITCON) Business Description

Traded in Other Exchanges
N/A
Address
Kubera Chambers, First Floor, Shivajinagar, Pune, MH, IND, 411005
MITCON Consultancy & Engineering Services Ltd is a consultancy company. The company's operating segments include Consultancy and Training, Project Services, and Wind Power Generation. It generates maximum revenue from the Consultancy and Training segment. The company serves various sectors such as Solar Energy, Infrastructure, Power and Energy Conservation, Environment Management and Engineering division, Banking and Financial Solution division, Industrial Infrastructure, and others.

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