IST (BOM:508807) Effective Interest Rate on Debt % : 66.29% (As of Mar. 2024)

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What is IST 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. IST's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹32 Mil. IST's average total debt for the quarter that ended in Mar. 2024 was ₹48 Mil. Therefore, IST's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 66.29%.

IST Effective Interest Rate on Debt % Historical Data

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

IST Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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140.49

116.98

56.86

25.11

31.33

IST 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															20.99	19.10	52.69	69.89	66.29

Competitive Comparison of IST's Effective Interest Rate on Debt %

For the Auto Parts subindustry, IST'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.

IST's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, IST's Effective Interest Rate on Debt % distribution charts can be found below:

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

IST Effective Interest Rate on Debt % Calculation

IST'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 * -33.112	/	( (163.321	+	48.067)	/ 2 )
=	-1 * -33.112	/	105.694
=	31.33 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	48.067	+	115.254
=	163.321

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	37.707	+	10.36
=	48.067

IST'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 * -31.864	/	( (0	+	48.067)	/ 1 )
=	-1 * -31.864	/	48.067
=	66.29 %

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
=	37.707	+	10.36
=	48.067

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.

IST (BOM:508807) Effective Interest Rate on Debt % Explanation

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

IST Effective Interest Rate on Debt % Related Terms

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IST (BOM:508807) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » IST Ltd (BOM:508807) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

A-23, New Office Complex, Defence Colony, New Delhi, IND, 110024

Website

https://www.istindia.com

IST Ltd manufactures High precision auto components. The company operates in two segments: Manufacturing and SEZ. The firm's products includes automotive transmission parts, carburetor parts for two-wheelers, fuel injection parts for four-wheelers, high-precision mechanical electromechanical timers, precision components and assemblies, communication equipment and office products, consumer durables, and white goods, instrumentation, and engineering goods, and dental and orthopedic screws. It manufactures precision turned, milled, drilled components, and stampings for various industries. Geographically, the company operates in India.

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