Delton Cables (BOM:504240) Effective Interest Rate on Debt % : 17.35% (As of Dec. 2023)

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What is Delton Cables 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. Delton Cables's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹186 Mil. Delton Cables's average total debt for the quarter that ended in Dec. 2023 was ₹1,074 Mil. Therefore, Delton Cables's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 17.35%.

Delton Cables Effective Interest Rate on Debt % Historical Data

The historical data trend for Delton Cables'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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Delton Cables Effective Interest Rate on Debt % Chart

Delton Cables Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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16.95

11.74

11.82

12.20

13.51

Delton Cables Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															17.05	5.04	16.69	17.17	17.35

Competitive Comparison of Delton Cables's Effective Interest Rate on Debt %

For the Electrical Equipment & Parts subindustry, Delton Cables'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.

Delton Cables's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Delton Cables's Effective Interest Rate on Debt % distribution charts can be found below:

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

Delton Cables Effective Interest Rate on Debt % Calculation

Delton Cables'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 * -102.863	/	( (706.02	+	816.348)	/ 2 )
=	-1 * -102.863	/	761.184
=	13.51 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	107.579	+	598.441
=	706.02

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	130.224	+	686.124
=	816.348

Delton Cables's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -186.416	/	( (1074.233	+	0)	/ 1 )
=	-1 * -186.416	/	1074.233
=	17.35 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	143.948	+	930.285
=	1074.233

	Total Debt (Q: Dec. 2023 )
=	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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Delton Cables (BOM:504240) Effective Interest Rate on Debt % Explanation

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

Delton Cables Effective Interest Rate on Debt % Related Terms

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Delton Cables (BOM:504240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Delton Cables Ltd (BOM:504240) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

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Address

Bharat Ram Road, Delton House, 4801, 24, Darya Ganj, New Delhi, IND, 110002

Website

https://www.deltoncables.com

Delton Cables Ltd manufactures and supplies wires, cables, and switchgear in India and internationally. It offers wires and cables for various applications, such as power and control, indoor telephone, instrumentation, high temperature, compensating, and zero halogen. The company also provides switchgear, including miniature circuit breakers (MCBs), DC MCBs, MCB isolators, residual current circuit breakers, and offload changeover switches. In addition, it offers distribution boards. It earns the majority of its revenue from selling cables and switchgear items in Domestic markets.

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