Surbhi Industries (BOM:514260) Effective Interest Rate on Debt % : -5.47% (As of Mar. 2024)

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What is Surbhi 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. Surbhi Industries's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹-6.8 Mil. Surbhi Industries's average total debt for the quarter that ended in Mar. 2024 was ₹124.7 Mil. Therefore, Surbhi Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was -5.47%.

Surbhi Industries Effective Interest Rate on Debt % Historical Data

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

Surbhi Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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11.02

9.12

8.62

9.36

11.90

Surbhi 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															10.52	24.95	14.14	8.90	-5.47

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

For the Textile Manufacturing subindustry, Surbhi 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.

Surbhi Industries's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Surbhi Industries Effective Interest Rate on Debt % Calculation

Surbhi 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 * -16.926	/	( (159.701	+	124.734)	/ 2 )
=	-1 * -16.926	/	142.2175
=	11.90 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	116.203	+	43.498
=	159.701

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	89.932	+	34.802
=	124.734

Surbhi 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 * 6.82	/	( (0	+	124.734)	/ 1 )
=	-1 * 6.82	/	124.734
=	-5.47 %

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
=	89.932	+	34.802
=	124.734

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.

Surbhi Industries (BOM:514260) Effective Interest Rate on Debt % Explanation

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

Surbhi Industries Effective Interest Rate on Debt % Related Terms

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Surbhi Industries (BOM:514260) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Surbhi Industries Ltd (BOM:514260) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Surbhi House, Behind Old Sub Jail, Ring Road, 2nd Floor, FP Number 206, Khatodara, Surat, GJ, IND, 395002

Website

https://www.surbhi.com

Surbhi Industries Ltd manufactures and supplies textile products. The company's products include Grey Fabrics, Finished embroidery fabrics, twisted polyester, filament yarns, plain and jacquard fabrics.

Surbhi Industries (BOM:514260) Headlines

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