Palayan Resources (Palayan Resources) Effective Interest Rate on Debt % : 8.42% (As of Dec. 2022)

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What is Palayan Resources 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. Palayan Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2022 was $0.02 Mil. Palayan Resources's average total debt for the quarter that ended in Dec. 2022 was $0.29 Mil. Therefore, Palayan Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 was 8.42%.

Palayan Resources Effective Interest Rate on Debt % Historical Data

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

Palayan Resources Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Effective Interest Rate on Debt %

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10.53

179.38

131.25

Palayan Resources Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															114.63	90.17	75.20	28.78	8.42

Competitive Comparison of Palayan Resources's Effective Interest Rate on Debt %

For the Shell Companies subindustry, Palayan Resources'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.

Palayan Resources's Effective Interest Rate on Debt % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Palayan Resources's Effective Interest Rate on Debt % distribution charts can be found below:

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

Palayan Resources Effective Interest Rate on Debt % Calculation

Palayan Resources'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 * -0.189	/	( (0.059	+	0.229)	/ 2 )
=	-1 * -0.189	/	0.144
=	131.25 %

where

	Total Debt (A: Mar. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.034	+	0.025
=	0.059

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.229
=	0.229

Palayan Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2022 )	+	Total Debt (Q: Dec. 2022 ))	/ count )
=	-1 * -0.024	/	( (0.285	+	0.285)	/ 2 )
=	-1 * -0.024	/	0.285
=	8.42 %

where

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.26	+	0.025
=	0.285

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.285
=	0.285

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

Palayan Resources (OTCPK:PLYN) Effective Interest Rate on Debt % Explanation

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

Palayan Resources Effective Interest Rate on Debt % Related Terms

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