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M.M.Rubber Co (BOM:509196) Effective Interest Rate on Debt % : 11.13% (As of Dec. 2023)


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What is M.M.Rubber Co 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. M.M.Rubber Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹5.8 Mil. M.M.Rubber Co's average total debt for the quarter that ended in Dec. 2023 was ₹52.4 Mil. Therefore, M.M.Rubber Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 11.13%.


M.M.Rubber Co Effective Interest Rate on Debt % Historical Data

The historical data trend for M.M.Rubber Co'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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M.M.Rubber Co Effective Interest Rate on Debt % Chart

M.M.Rubber Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.28 13.05 8.36 7.91 11.17

M.M.Rubber Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.97 6.54 13.15 10.38 11.13

Competitive Comparison of M.M.Rubber Co's Effective Interest Rate on Debt %

For the Textile Manufacturing subindustry, M.M.Rubber Co'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.


M.M.Rubber Co's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, M.M.Rubber Co's Effective Interest Rate on Debt % distribution charts can be found below:

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



M.M.Rubber Co Effective Interest Rate on Debt % Calculation

M.M.Rubber Co'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  *  -3.419/( (35.849+25.376)/ 2 )
=-1  *  -3.419/30.6125
=11.17 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.358 + 35.491
=35.849

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.458 + 23.918
=25.376

M.M.Rubber Co'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  *  -5.832/( (52.39+0)/ 1 )
=-1  *  -5.832/52.39
=11.13 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.619 + 51.771
=52.39

* 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.

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.


M.M.Rubber Co  (BOM:509196) Effective Interest Rate on Debt % Explanation

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


M.M.Rubber Co Effective Interest Rate on Debt % Related Terms

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M.M.Rubber Co (BOM:509196) Business Description

Traded in Other Exchanges
N/A
Address
3rd Floor, No. 29, Infantry Road, Empire Infantry, Bangalore, KA, IND, 560001
M.M.Rubber Co Ltd is engaged in the manufacturing and marketing of foam and other related products. It also offers various foam-based products, such as beds, mattresses, pillows and cushions.

M.M.Rubber Co (BOM:509196) Headlines

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