Ruby Mills (BOM:503169) Effective Interest Rate on Debt % : 1.44% (As of Mar. 2024)

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What is Ruby Mills 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. Ruby Mills's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹31 Mil. Ruby Mills's average total debt for the quarter that ended in Mar. 2024 was ₹2,134 Mil. Therefore, Ruby Mills's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.44%.

Ruby Mills Effective Interest Rate on Debt % Historical Data

The historical data trend for Ruby Mills'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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Ruby Mills Effective Interest Rate on Debt % Chart

Ruby Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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1.32

1.89

2.66

1.59

2.05

Ruby Mills 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															1.43	1.91	2.75	1.96	1.44

Competitive Comparison of Ruby Mills's Effective Interest Rate on Debt %

For the Textile Manufacturing subindustry, Ruby Mills'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.

Ruby Mills's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Ruby Mills's Effective Interest Rate on Debt % distribution charts can be found below:

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

Ruby Mills Effective Interest Rate on Debt % Calculation

Ruby Mills'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 * -46.479	/	( (2405.293	+	2134.363)	/ 2 )
=	-1 * -46.479	/	2269.828
=	2.05 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2079.565	+	325.728
=	2405.293

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1712.512	+	421.851
=	2134.363

Ruby Mills'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 * -30.736	/	( (0	+	2134.363)	/ 1 )
=	-1 * -30.736	/	2134.363
=	1.44 %

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
=	1712.512	+	421.851
=	2134.363

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.

Ruby Mills (BOM:503169) Effective Interest Rate on Debt % Explanation

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

Ruby Mills Effective Interest Rate on Debt % Related Terms

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Ruby Mills (BOM:503169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ruby Mills Ltd (BOM:503169) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

RUBYMILLS:India

Address

J. K. Sawant Marg, Ruby House, Dadar West, Mumbai, MH, IND, 400028

Website

https://www.rubymills.com

Ruby Mills Ltd is engaged in the business of textile manufacturing and real estate development. It operates through two segments: Textile and Real Estate & related. The company manufactures and markets various products, which include cotton and blended yarns; custom-made fabrics from various manmade and natural fibers, such as cotton, linen, viscose, lyocell, modal, polynosic and the blends of the same for shirting, suiting and dress materials. The Textile segment acts as a major revenue driver for the firm.

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