Housing Development Finance (BOM:500010) Effective Interest Rate on Debt % : 9.97% (As of Mar. 2023)

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What is Housing Development Finance 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. Housing Development Finance's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was ₹418,542 Mil. Housing Development Finance's average total debt for the quarter that ended in Mar. 2023 was ₹4,196,590 Mil. Therefore, Housing Development Finance's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 9.97%.

Housing Development Finance Effective Interest Rate on Debt % Historical Data

The historical data trend for Housing Development Finance'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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Housing Development Finance Effective Interest Rate on Debt % Chart

Housing Development Finance Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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11.26

11.19

9.84

8.57

9.72

Housing Development Finance Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.18	9.09	9.29	10.54	9.97

Competitive Comparison of Housing Development Finance's Effective Interest Rate on Debt %

For the Mortgage Finance subindustry, Housing Development Finance'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.

Housing Development Finance's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Housing Development Finance's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Housing Development Finance's Effective Interest Rate on Debt % falls into.

Housing Development Finance Effective Interest Rate on Debt % Calculation

Housing Development Finance'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 * -368450.6	/	( (3384209.7	+	4196589.7)	/ 2 )
=	-1 * -368450.6	/	3790399.7
=	9.72 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3384209.7	+	0
=	3384209.7

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4196589.7	+	0
=	4196589.7

Housing Development Finance's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -418541.6	/	( (0	+	4196589.7)	/ 1 )
=	-1 * -418541.6	/	4196589.7
=	9.97 %

where

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

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4196589.7	+	0
=	4196589.7

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Housing Development Finance (BOM:500010) Effective Interest Rate on Debt % Explanation

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

Housing Development Finance Effective Interest Rate on Debt % Related Terms

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Housing Development Finance (BOM:500010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Housing Development Finance Corp Ltd (BOM:500010) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

HDFC House, H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai, MH, IND, 400 020

Website

https://www.hdfc.com

Housing Development Finance Corp Ltd provides housing finance services to customers in India, with a limited number of other international operations. The company is engaged in conservative lending practices through its retail mortgage business, while its customers are mostly first-time homebuyers. The initiation of housing loans, including home improvement and home extension loans, remains as the core business of the company. The company is also engaged in risk management strategies that include derivative securities. Its segments include Loans, Life Insurance, General Insurance, Asset Management, and Others. Geographically, it generates nearly all of its revenue from India.

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