AZREF (Azure Power Global) Effective Interest Rate on Debt %: 9.04% (As of Mar. 2024)


AZREF Azure Power Global Ltd AZREF
12 GF Score
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What is Azure Power Global Effective Interest Rate on Debt %?

Azure Power Global AZREF 12 Effective Interest Rate on Debt % is 9.04% as of Mar. 2024. GuruFocus rates AZREF with a GF Score™ of 12/100.

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. Azure Power Global's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $143.3 Mil. Azure Power Global's average total debt for the quarter that ended in Mar. 2024 was $1,584.9 Mil. Therefore, Azure Power Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 9.04%.


Azure Power Global  (OTCPK:AZREF) Effective Interest Rate on Debt % Explanation

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


Azure Power Global Effective Interest Rate on Debt % Related Terms


Azure Power Global Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Azure Power Global'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.

Azure Power Global Effective Interest Rate on Debt % Chart

Azure Power Global Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.97 8.45 7.83 6.93 9.04

Azure Power Global Semi-Annual Data
Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 8.97 8.45 7.83 6.93 9.04

AZREF vs SAFX, VGAS, STEM: Effective Interest Rate on Debt % Comparison

For the Utilities - Renewable subindustry, Azure Power Global'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.


Azure Power Global Effective Interest Rate on Debt % vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Azure Power Global's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Azure Power Global's Effective Interest Rate on Debt % falls into.


AZREF
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Azure Power Global Ltd AZREF
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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Azure Power Global Effective Interest Rate on Debt % Calculation

Azure Power Global'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  *  -143.337/( (1642.77+1527.101)/ 2 )
=-1  *  -143.337/1584.9355
=9.04 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1429.488 + 213.282
=1642.77

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=969.63 + 557.471
=1527.101

Azure Power Global'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: Mar. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -143.337/( (1642.77+1527.101)/ 2 )
=-1  *  -143.337/1584.9355
=9.04 %

where

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1429.488 + 213.282
=1642.77

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=969.63 + 557.471
=1527.101

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

What does a Effective Interest Rate on Debt % of 9.04% mean?
Azure Power Global (AZREF) has a Effective Interest Rate on Debt % of 9.04% as of Mar. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Azure Power Global and its competitors.
Is Azure Power Global's Effective Interest Rate on Debt % too high?
Azure Power Global's current Effective Interest Rate on Debt % is 9.04%. Overall, Azure Power Global has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Azure Power Global's Effective Interest Rate on Debt % compare to SAFX and VGAS?
Azure Power Global's Effective Interest Rate on Debt % of 9.04% can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for an Utilities - Independent Power Producers company?
A good Effective Interest Rate on Debt % depends on the Utilities - Independent Power Producers industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Azure Power Global and its competitors. Azure Power Global's current Effective Interest Rate on Debt % is 9.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azure Power Global stock overvalued right now?
Azure Power Global (AZREF) has a current Effective Interest Rate on Debt % of 9.04%. The current Effective Interest Rate on Debt % is 9.04%. Azure Power Global's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Azure Power Global (AZREF), the current Effective Interest Rate on Debt % is 9.04% as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Azure Power Global Business Description

Address Phase II, 8th Floor, Tower A, DLF Infinity, Cyber City, Gurugram, HR, IND, 122002
Azure Power Global Ltd is a utility-scale renewable energy project developer and operator. It is engaged in the development, construction, ownership, operation, maintenance, and management of renewable energy assets based on long-term contracts (Power Purchase Agreements or PPA) with Indian Government energy distribution companies, as well as other Indian non-governmental energy distribution companies and commercial customers.
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Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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