Deepak Nitrite (BOM:506401) Effective Interest Rate on Debt % : 2.94% (As of Sep. 2024)

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What is Deepak Nitrite 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. Deepak Nitrite's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ₹252 Mil. Deepak Nitrite's average total debt for the quarter that ended in Sep. 2024 was ₹8,571 Mil. Therefore, Deepak Nitrite's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 2.94%.

Deepak Nitrite Effective Interest Rate on Debt % Historical Data

The historical data trend for Deepak Nitrite'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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Deepak Nitrite Effective Interest Rate on Debt % Chart

Deepak Nitrite Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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9.82

8.74

7.52

12.78

6.59

Deepak Nitrite Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															16.02	17.52	6.17	8.04	2.94

Competitive Comparison of Deepak Nitrite's Effective Interest Rate on Debt %

For the Chemicals subindustry, Deepak Nitrite'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.

Deepak Nitrite's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Deepak Nitrite's Effective Interest Rate on Debt % distribution charts can be found below:

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

Deepak Nitrite Effective Interest Rate on Debt % Calculation

Deepak Nitrite'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 * -118.3	/	( (728.6	+	2860.8)	/ 2 )
=	-1 * -118.3	/	1794.7
=	6.59 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	584.3	+	144.3
=	728.6

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2792.3	+	68.5
=	2860.8

Deepak Nitrite's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -252	/	( (0	+	8570.5)	/ 1 )
=	-1 * -252	/	8570.5
=	2.94 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8316.3	+	254.2
=	8570.5

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

Deepak Nitrite (BOM:506401) Effective Interest Rate on Debt % Explanation

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

Deepak Nitrite Effective Interest Rate on Debt % Related Terms

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Deepak Nitrite Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Deepak Nitrite Ltd (BOM:506401) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

DEEPAKNTR:India

Address

Alembic Avenue Road, 2nd Floor, Fermenter House, Alembic City, Vadodara, GJ, IND, 390003

Website

https://www.godeepak.com

Deepak Nitrite Ltd is a chemical manufacturing company. The company has two business segments; Advanced Intermediates, and Phenolics. Maximum revenue is generated from the Phenolics segment which manufactures chemicals like Cumene, Phenol, Acetone, Isopropyl Alcohol, and Alpha Methyl Styrene (AMS) among others. The chemicals are used in various industries such as Laminate & Plywood, Automotive, Construction, Pharmaceuticals, Adhesives, Sanitisers, and others. Geographically, the company derives its maximum revenue from India and the rest from other countries through exports.

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