PIL Italica Lifestyle (BOM:500327) Effective Interest Rate on Debt % : 7.68% (As of Mar. 2024)

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What is PIL Italica Lifestyle 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. PIL Italica Lifestyle's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹12.0 Mil. PIL Italica Lifestyle's average total debt for the quarter that ended in Mar. 2024 was ₹156.1 Mil. Therefore, PIL Italica Lifestyle's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.68%.

PIL Italica Lifestyle Effective Interest Rate on Debt % Historical Data

The historical data trend for PIL Italica Lifestyle'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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PIL Italica Lifestyle Effective Interest Rate on Debt % Chart

PIL Italica Lifestyle Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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9.69

7.88

7.99

7.41

7.11

PIL Italica Lifestyle 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															9.24	8.74	11.33	7.76	7.68

Competitive Comparison of PIL Italica Lifestyle's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, PIL Italica Lifestyle'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.

PIL Italica Lifestyle's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, PIL Italica Lifestyle's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where PIL Italica Lifestyle's Effective Interest Rate on Debt % falls into.

PIL Italica Lifestyle Effective Interest Rate on Debt % Calculation

PIL Italica Lifestyle'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 * -9.529	/	( (111.805	+	156.08)	/ 2 )
=	-1 * -9.529	/	133.9425
=	7.11 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.932	+	103.873
=	111.805

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.515	+	149.565
=	156.08

PIL Italica Lifestyle'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 * -11.988	/	( (0	+	156.08)	/ 1 )
=	-1 * -11.988	/	156.08
=	7.68 %

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
=	6.515	+	149.565
=	156.08

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.

PIL Italica Lifestyle (BOM:500327) Effective Interest Rate on Debt % Explanation

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

PIL Italica Lifestyle Effective Interest Rate on Debt % Related Terms

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PIL Italica Lifestyle (BOM:500327) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » PIL Italica Lifestyle Ltd (BOM:500327) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

PILITA:India

Address

Kodiyat Road, Village Sisarma, Udaipur, RJ, IND, 313031

Website

https://www.italica.com

PIL Italica Lifestyle Ltd operates in the plastic moulded furniture industry. The company is a producer of plastic moulded furniture and other injection moulded articles. The company offers a varied range of plastic furniture products such as plastic chairs, plastic tables, plastic stools, plastic furniture sets, trolleys, sun loungers, plastic crates, storage bins, waste bins, and other products.

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