Reliance Industries (WBO:RLI) Effective Interest Rate on Debt % : 6.66% (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Reliance Industries 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. Reliance Industries's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €2,554 Mil. Reliance Industries's average total debt for the quarter that ended in Mar. 2024 was €38,358 Mil. Therefore, Reliance Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.66%.

Reliance Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for Reliance Industries'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.

* Premium members only.

Reliance Industries Effective Interest Rate on Debt % Chart

Reliance Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

6.14

5.75

5.46

6.20

6.71

Reliance Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.95	6.89	7.24	7.14	6.66

Competitive Comparison of Reliance Industries's Effective Interest Rate on Debt %

For the Oil & Gas Refining & Marketing subindustry, Reliance Industries'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.

Reliance Industries's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Reliance Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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

Reliance Industries Effective Interest Rate on Debt % Calculation

Reliance Industries's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2023 )	+	Total Debt (A: Mar. 2024 ))	/ count )
=	-1 * -2561.817	/	( (38048.921	+	38357.657)	/ 2 )
=	-1 * -2561.817	/	38203.289
=	6.71 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	22639.252	+	15409.669
=	38048.921

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26609.626	+	11748.031
=	38357.657

Reliance Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -2553.616	/	( (0	+	38357.657)	/ 1 )
=	-1 * -2553.616	/	38357.657
=	6.66 %

where

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

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26609.626	+	11748.031
=	38357.657

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Reliance Industries (WBO:RLI) Effective Interest Rate on Debt % Explanation

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

Reliance Industries Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Reliance Industries's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Reliance Industries (WBO:RLI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Reliance Industries Ltd (WBO:RLI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

RELIANCE:India 500325:India RIGDl:UK RIGD:UK RLI:Germany

Address

222, Nariman Point, 3rd Floor, Maker Chambers IV, Mumbai, MH, IND, 400021

Website

https://www.ril.com

Reliance Industries Ltd is engaged in hydrocarbon exploration and production, refining and marketing, petrochemicals, financial services, retail, and communications. The Group has five principal operating and reporting segments: Oil To Chemicals (O2C), Oil and Gas, Retail, Digital Services and Financial Services. Located in west India, Reliance's refineries produce a range of petroleum products that find use as fuel variants, feedstock, and fuel for power and cement plants. Fuels produced in refineries are exported to several countries and can be processed into any grade of gasoline or diesel. The Oil to Chemicals segment that derives the majority revenue includes Refining, Petrochemicals, fuel retailing through Reliance BP Mobility Limited, aviation fuel, and bulk wholesale marketing.