Loyal Textile Mills (BOM:514036) Effective Interest Rate on Debt % : 10.17% (As of Mar. 2024)

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What is Loyal Textile Mills 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. Loyal Textile Mills's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹638 Mil. Loyal Textile Mills's average total debt for the quarter that ended in Mar. 2024 was ₹6,280 Mil. Therefore, Loyal Textile Mills's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 10.17%.

Loyal Textile Mills Effective Interest Rate on Debt % Historical Data

The historical data trend for Loyal Textile Mills'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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Loyal Textile Mills Effective Interest Rate on Debt % Chart

Loyal Textile Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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8.09

8.61

5.73

4.97

8.23

Loyal Textile Mills 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															6.10	6.55	8.12	7.89	10.17

Competitive Comparison of Loyal Textile Mills's Effective Interest Rate on Debt %

For the Textile Manufacturing subindustry, Loyal Textile Mills'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.

Loyal Textile Mills's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Loyal Textile Mills Effective Interest Rate on Debt % Calculation

Loyal Textile Mills'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 * -528.8	/	( (6622.662	+	6221.6)	/ 2 )
=	-1 * -528.8	/	6422.131
=	8.23 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	6622.662
=	6622.662

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	6221.6
=	6221.6

Loyal Textile Mills'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 * -638.4	/	( (6338.8	+	6221.6)	/ 2 )
=	-1 * -638.4	/	6280.2
=	10.17 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	6338.8
=	6338.8

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	6221.6
=	6221.6

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.

Loyal Textile Mills (BOM:514036) Effective Interest Rate on Debt % Explanation

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

Loyal Textile Mills Effective Interest Rate on Debt % Related Terms

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Loyal Textile Mills (BOM:514036) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Loyal Textile Mills Ltd (BOM:514036) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

LOYALTEX:India

Address

1st Main Road, No. 83, R. A. Puram, Mandaveli, Chennai, TN, IND, 600028

Website

https://www.loyaltextiles.com

Loyal Textile Mills Ltd is an India-based company that provides various products and services for the textile and apparel industries. It is engaged in the manufacturing of yarn, woven fabric, knitted fabric, and technical clothing. The company operates in two business segments that are manufacturing and trading activities. Its main products are yarn, cloth, and hosiery cloth. The manufacturing of cloth and hosiery cloth generates maximum revenue for the company. Geographically the company exports its product to Asia, Europe, America, and others; out of which the Asia region generates maximum revenue for the company.

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