Zodiac Energy (NSE:ZODIACSMN) Effective Interest Rate on Debt % : 9.33% (As of Dec. 2023)

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What is Zodiac Energy 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. Zodiac Energy's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹37 Mil. Zodiac Energy's average total debt for the quarter that ended in Dec. 2023 was ₹392 Mil. Therefore, Zodiac Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 9.33%.

Zodiac Energy Effective Interest Rate on Debt % Historical Data

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

Zodiac Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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2.83

9.27

6.21

7.52

8.21

Zodiac Energy Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	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															13.62	4.81	10.21	11.58	9.33

Competitive Comparison of Zodiac Energy's Effective Interest Rate on Debt %

For the Solar subindustry, Zodiac Energy'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.

Zodiac Energy's Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

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

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

Zodiac Energy Effective Interest Rate on Debt % Calculation

Zodiac Energy'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 * -26.144	/	( (177.519	+	459.202)	/ 2 )
=	-1 * -26.144	/	318.3605
=	8.21 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	90.643	+	86.876
=	177.519

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	98.978	+	360.224
=	459.202

Zodiac Energy'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 * -36.592	/	( (392.296	+	0)	/ 1 )
=	-1 * -36.592	/	392.296
=	9.33 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	114.126	+	278.17
=	392.296

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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.

Zodiac Energy (NSE:ZODIACSMN) Effective Interest Rate on Debt % Explanation

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

Zodiac Energy Effective Interest Rate on Debt % Related Terms

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Zodiac Energy (NSE:ZODIACSMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zodiac Energy Ltd (NSE:ZODIACSMN) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

543416:India

Address

Drive-In-Road, 4-5-6 Upper Ground Floor, Milestone Building, Near Khodiyar Restaurant, Near Drive-In Cinema, Thaltej, Ahmedabad, GJ, IND, 380054

Website

https://www.zodiacenergy.com

Zodiac Energy Ltd operates as an energy solution provider company in India. It installs power generation plants. It is engaged in the design, supply, installation, testing, commissioning, operation, and maintenance of solar power equipment. Its products include solar photovoltaic rooftop solutions, Concentrating Solar Power Systems, solar photovoltaic solar pumping solutions, solar thermal solar water heater solutions, and many more. The company primarily operates in the segment of sale of solar-based power plants and related items. The company's services include Building Integrated Photovoltaics (BIPV) systems, emerging technologies, and co-generation power plants.

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