Delta Manufacturing (BOM:504286) Effective Interest Rate on Debt % : 10.56% (As of Jun. 2024)

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What is Delta Manufacturing 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. Delta Manufacturing's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ₹42.1 Mil. Delta Manufacturing's average total debt for the quarter that ended in Jun. 2024 was ₹398.6 Mil. Therefore, Delta Manufacturing's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 10.56%.

Delta Manufacturing Effective Interest Rate on Debt % Historical Data

The historical data trend for Delta Manufacturing'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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Delta Manufacturing Effective Interest Rate on Debt % Chart

Delta Manufacturing Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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9.41

9.55

7.12

8.19

11.14

Delta Manufacturing Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															9.80	11.62	10.10	13.30	10.56

Competitive Comparison of Delta Manufacturing's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Delta Manufacturing'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.

Delta Manufacturing's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

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

Delta Manufacturing Effective Interest Rate on Debt % Calculation

Delta Manufacturing'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 * -44.576	/	( (401.873	+	398.558)	/ 2 )
=	-1 * -44.576	/	400.2155
=	11.14 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	57.838	+	344.035
=	401.873

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	37.754	+	360.804
=	398.558

Delta Manufacturing's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -42.076	/	( (398.558	+	0)	/ 1 )
=	-1 * -42.076	/	398.558
=	10.56 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	37.754	+	360.804
=	398.558

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

Delta Manufacturing (BOM:504286) Effective Interest Rate on Debt % Explanation

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

Delta Manufacturing Effective Interest Rate on Debt % Related Terms

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Delta Manufacturing Business Description

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DELTAMAGNT:India

Address

Tardeo Road, Bayside Mall, 2nd Floor, Opposite Sobo Central Mall, Haji Ali, Mumbai, MH, IND, 400 034

Website

https://www.deltamagnetsgroup.com

Delta Manufacturing Ltd is a manufacturer of hard ferrite magnets. The company along with its subsidiaries manufactures ceramic magnets used in the automotive sector; soft ferrites that serve the electronics and automotive sector and also has a distribution house that deals in various kinds of magnets and magnet materials that are useful for various industries including electronics, retail, non-conventional energy, aerospace and automotive. Its operating segment includes Hard ferrites; Soft ferrites; Textiles and MagDev. The majority of the revenue is derived from the Textiles segment.

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