Sugal & Damani Share Brokers (BOM:511654) Effective Interest Rate on Debt % : 6.38% (As of Dec. 2023)

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What is Sugal & Damani Share Brokers 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. Sugal & Damani Share Brokers's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹5.28 Mil. Sugal & Damani Share Brokers's average total debt for the quarter that ended in Dec. 2023 was ₹82.70 Mil. Therefore, Sugal & Damani Share Brokers's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.38%.

Sugal & Damani Share Brokers Effective Interest Rate on Debt % Historical Data

The historical data trend for Sugal & Damani Share Brokers'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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Sugal & Damani Share Brokers Effective Interest Rate on Debt % Chart

Sugal & Damani Share Brokers Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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20.99

10,721.60

3,817.44

0.87

Sugal & Damani Share Brokers 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															2.80	1.56	47.37	10.08	6.38

Competitive Comparison of Sugal & Damani Share Brokers's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Sugal & Damani Share Brokers'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.

Sugal & Damani Share Brokers's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Sugal & Damani Share Brokers's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sugal & Damani Share Brokers's Effective Interest Rate on Debt % falls into.

Sugal & Damani Share Brokers Effective Interest Rate on Debt % Calculation

Sugal & Damani Share Brokers'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 * -0.091	/	( (0	+	10.495)	/ 1 )
=	-1 * -0.091	/	10.495
=	0.87 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	10.495
=	10.495

Sugal & Damani Share Brokers'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 * -5.276	/	( (82.7	+	0)	/ 1 )
=	-1 * -5.276	/	82.7
=	6.38 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	82.7
=	82.7

	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.

Sugal & Damani Share Brokers (BOM:511654) Effective Interest Rate on Debt % Explanation

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

Sugal & Damani Share Brokers Effective Interest Rate on Debt % Related Terms

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Sugal & Damani Share Brokers (BOM:511654) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Sugal & Damani Share Brokers Ltd (BOM:511654) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

No.7, Anna Salai, City Centre Plaza, 1st floor, Chennai, TN, IND, 600002

Website

https://www.sugalshare.com

Sugal & Damani Share Brokers Ltd provides share broking services in India. It engages in the brokerage and distribution of equities, commodities; and provision of Internet trading, depository, FPOs underwriting and broking, and other financial and advisory services. The Company operates only in one segment of business which is Share Broking. The company also provides brokerage and distribution of equities, commodity trading, equity and derivatives trading, depository services and online trading services.

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