Uravi T & Wedge Lamps (NSE:URAVI) Effective Interest Rate on Debt % : 8.87% (As of Sep. 2023)

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What is Uravi T & Wedge Lamps 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. Uravi T & Wedge Lamps's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ₹21.9 Mil. Uravi T & Wedge Lamps's average total debt for the quarter that ended in Sep. 2023 was ₹246.6 Mil. Therefore, Uravi T & Wedge Lamps's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 8.87%.

Uravi T & Wedge Lamps Effective Interest Rate on Debt % Historical Data

The historical data trend for Uravi T & Wedge Lamps'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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Uravi T & Wedge Lamps Effective Interest Rate on Debt % Chart

Uravi T & Wedge Lamps Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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9.49

8.84

8.33

8.48

8.97

Uravi T & Wedge Lamps Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial													8.77	8.81	8.53	8.89	8.87

Competitive Comparison of Uravi T & Wedge Lamps's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Uravi T & Wedge Lamps'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.

Uravi T & Wedge Lamps's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Uravi T & Wedge Lamps's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Uravi T & Wedge Lamps's Effective Interest Rate on Debt % falls into.

Uravi T & Wedge Lamps Effective Interest Rate on Debt % Calculation

Uravi T & Wedge Lamps'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 * -20.514	/	( (228.988	+	228.496)	/ 2 )
=	-1 * -20.514	/	228.742
=	8.97 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	37.229	+	191.759
=	228.988

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36.174	+	192.322
=	228.496

Uravi T & Wedge Lamps'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 * -21.87	/	( (228.496	+	264.753)	/ 2 )
=	-1 * -21.87	/	246.6245
=	8.87 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36.174	+	192.322
=	228.496

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	44.285	+	220.468
=	264.753

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.

Uravi T & Wedge Lamps (NSE:URAVI) Effective Interest Rate on Debt % Explanation

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

Uravi T & Wedge Lamps Effective Interest Rate on Debt % Related Terms

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Uravi T & Wedge Lamps (NSE:URAVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Uravi T & Wedge Lamps Ltd (NSE:URAVI) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

543930:India

Address

L.B.S. Marg, Shop Number 329, Avior, Nirmal Galaxy, Mulund (West), Mumbai, MH, IND, 400080

Website

https://www.uravilamps.com

Uravi T & Wedge Lamps Ltd is an Indian firm engaged in the manufacturing and distribution of automotive lamps and instrument cluster lighting for two-wheelers, four-wheelers, tractors, and Industrial applications for various Indian automobile manufacturers. The company's products offering includes Incandescent Head Lamps, Stop, Tail, and Indicators (Signaling Lamps), Wedge Base Lamps, Halogen Head Lamps, and others.

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