Empire Industries (BOM:509525) Effective Interest Rate on Debt % : 20.04% (As of Mar. 2024)

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What is Empire 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. Empire Industries's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹336 Mil. Empire Industries's average total debt for the quarter that ended in Mar. 2024 was ₹1,679 Mil. Therefore, Empire Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 20.04%.

Empire Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for Empire 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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Empire Industries Effective Interest Rate on Debt % Chart

Empire Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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10.07

11.39

10.24

16.04

15.28

Empire Industries 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															23.84	12.17	15.50	10.83	20.04

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

For the Conglomerates subindustry, Empire 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.

Empire Industries's Effective Interest Rate on Debt % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Empire Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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

Empire Industries Effective Interest Rate on Debt % Calculation

Empire Industries'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 * -267.804	/	( (1826.235	+	1679.051)	/ 2 )
=	-1 * -267.804	/	1752.643
=	15.28 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1149.532	+	676.703
=	1826.235

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	660.359	+	1018.692
=	1679.051

Empire Industries'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 * -336.46	/	( (0	+	1679.051)	/ 1 )
=	-1 * -336.46	/	1679.051
=	20.04 %

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
=	660.359	+	1018.692
=	1679.051

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.

Empire Industries (BOM:509525) Effective Interest Rate on Debt % Explanation

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

Empire Industries Effective Interest Rate on Debt % Related Terms

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Empire Industries (BOM:509525) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Empire Industries Ltd (BOM:509525) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

414, Senapati Bapat Marg, Empire Complex, Lower Parel, Mumbai, MH, IND, 400 013

Website

https://www.empiremumbai.com

Empire Industries Ltd is a multi-divisional company engaged in different businesses. Its segments are Manufacturing - comprising of manufacturing glass bottles; Trading, Business Support Services, Consultancy, Commission; and Property development. The company derives revenue primarily from the business of manufacturing of container glass, trading in frozen foods, indenting and real estate. It also imports frozen foods from the global market and distributes them to hotels, provides office space on a leave and license basis to companies and banks, develops residential, and provides workspace solutions to clients. The company operates in India and internationally.

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