Bihar Sponge Iron (BOM:500058) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2024)

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What is Bihar Sponge Iron 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. Bihar Sponge Iron's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was ₹0 Mil. Bihar Sponge Iron's average total debt for the quarter that ended in Dec. 2024 was ₹1,134 Mil. Therefore, Bihar Sponge Iron's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 0.00%.

Bihar Sponge Iron Effective Interest Rate on Debt % Historical Data

The historical data trend for Bihar Sponge Iron'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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Bihar Sponge Iron Effective Interest Rate on Debt % Chart

Bihar Sponge Iron Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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0.01

0.23

0.03

0.11

Bihar Sponge Iron Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
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Competitive Comparison of Bihar Sponge Iron's Effective Interest Rate on Debt %

For the Steel subindustry, Bihar Sponge Iron'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.

Bihar Sponge Iron's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Bihar Sponge Iron's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Bihar Sponge Iron's Effective Interest Rate on Debt % falls into.

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Bihar Sponge Iron Effective Interest Rate on Debt % Calculation

Bihar Sponge Iron'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 * 0	/	( (1358.074	+	1188.808)	/ 2 )
=	-1 * 0	/	1273.441
=	0.00 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	870.955	+	487.119
=	1358.074

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	851.689	+	337.119
=	1188.808

Bihar Sponge Iron's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * 0	/	( (1134	+	0)	/ 1 )
=	-1 * 0	/	1134
=	0.00 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	859.4	+	274.6
=	1134

	Total Debt (Q: Dec. 2024 )
=	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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Bihar Sponge Iron (BOM:500058) Effective Interest Rate on Debt % Explanation

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

Bihar Sponge Iron Effective Interest Rate on Debt % Related Terms

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Bihar Sponge Iron Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bihar Sponge Iron Ltd (BOM:500058) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Umesh Nagar, Chandil, District Saraikela, Kharsawan, JH, IND, 832401

Website

https://www.bsil.org.in

Bihar Sponge Iron Ltd is engaged in manufacturing and selling of sponge iron. It is involved in manufacturing, producing, purchasing, exporting, selling and dealing with the pre-reduced form of iron, including sponge iron. It produces sponge iron from coal and iron ore. The company's primary product, sponge iron, is a pre-reduced ferrous material, which is used in the place of steel scrap by secondary steel producers operating induction and electric arc furnaces in the construction and infrastructure sectors.

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