Bajaj Steel Industries (BOM:507944) Effective Interest Rate on Debt % : 14.87% (As of Dec. 2023)

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What is Bajaj Steel Industries 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. Bajaj Steel Industries's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹48 Mil. Bajaj Steel Industries's average total debt for the quarter that ended in Dec. 2023 was ₹322 Mil. Therefore, Bajaj Steel Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 14.87%.

Bajaj Steel Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for Bajaj Steel Industries'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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Bajaj Steel Industries Effective Interest Rate on Debt % Chart

Bajaj Steel Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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10.52

10.87

11.69

10.99

9.03

Bajaj Steel Industries 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															9.23	2.95	5.51	8.06	14.87

Competitive Comparison of Bajaj Steel Industries's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Bajaj Steel Industries'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.

Bajaj Steel Industries's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

* The bar in red indicates where Bajaj Steel Industries's Effective Interest Rate on Debt % falls into.

Bajaj Steel Industries Effective Interest Rate on Debt % Calculation

Bajaj Steel Industries'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 * -48.354	/	( (641.831	+	429.212)	/ 2 )
=	-1 * -48.354	/	535.5215
=	9.03 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	300.785	+	341.046
=	641.831

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	119.549	+	309.663
=	429.212

Bajaj Steel Industries'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 * -47.872	/	( (321.83	+	0)	/ 1 )
=	-1 * -47.872	/	321.83
=	14.87 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	116.899	+	204.931
=	321.83

	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.

Bajaj Steel Industries (BOM:507944) Effective Interest Rate on Debt % Explanation

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

Bajaj Steel Industries Effective Interest Rate on Debt % Related Terms

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Bajaj Steel Industries (BOM:507944) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bajaj Steel Industries Ltd (BOM:507944) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Plot No. C-108, MIDC Industrial Area, Hingna, Nagpur, MH, IND, 440 028

Website

https://www.bajajngp.com

Bajaj Steel Industries Ltd is engaged in the manufacturing of Cotton ginning and Pressing Machineries, Prefabricated building structure, components, and allied products. Its operating segment includes the Steel Division and Plastic Division. The company generates maximum revenue from the Steel Division segment. It manufactures product such as Cotton Ginning and Pressing Machinery, Cotton Cleaning, Cotton Conveying, Cotton Humidification Systems, Cotton Baling Presses, Cotton Seed Processing, Pre-engineered Buildings, Electrical Control Panels, Fire Fighting Systems, Hydraulic Cylinder, Power packs, Specialty Conveyors and Master Batches and others.

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