Asahi India Glass (BOM:515030) Effective Interest Rate on Debt % : 6.68% (As of Mar. 2024)

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What is Asahi India Glass 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. Asahi India Glass's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹1,314 Mil. Asahi India Glass's average total debt for the quarter that ended in Mar. 2024 was ₹19,675 Mil. Therefore, Asahi India Glass's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.68%.

Asahi India Glass Effective Interest Rate on Debt % Historical Data

The historical data trend for Asahi India Glass'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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Asahi India Glass Effective Interest Rate on Debt % Chart

Asahi India Glass Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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8.21

8.30

7.93

8.07

Asahi India Glass Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															9.05	7.39	9.29	8.79	6.68

Competitive Comparison of Asahi India Glass's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Asahi India Glass'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.

Asahi India Glass's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Asahi India Glass's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Asahi India Glass's Effective Interest Rate on Debt % falls into.

Asahi India Glass Effective Interest Rate on Debt % Calculation

Asahi India Glass'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 * -1358.9	/	( (14014.1	+	19675.3)	/ 2 )
=	-1 * -1358.9	/	16844.7
=	8.07 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7945.4	+	6068.7
=	14014.1

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13560.2	+	6115.1
=	19675.3

Asahi India Glass'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 * -1313.6	/	( (0	+	19675.3)	/ 1 )
=	-1 * -1313.6	/	19675.3
=	6.68 %

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
=	13560.2	+	6115.1
=	19675.3

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.

Asahi India Glass (BOM:515030) Effective Interest Rate on Debt % Explanation

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

Asahi India Glass Effective Interest Rate on Debt % Related Terms

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Asahi India Glass (BOM:515030) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Asahi India Glass Ltd (BOM:515030) » Definitions » Effective Interest Rate on Debt %

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ASAHIINDIA:India

Address

Mehrauli-Gurgaon Road, Global Business Park, Tower-D, 3rd and 11th Floor, Gurugram, HR, IND, 122 002

Website

https://www.aisglass.com

Asahi India Glass Ltd is a manufacturer of glass products and solutions. The company offers automotive glass products, architectural glass products, windshield repair and replacement services in India, commercial and private-living glass solutions, glass integration and installation services, and special-purpose glass solutions such as noise-cancelling windows, energy-saving windows, and safety glasses. Asahi India Glass' largest business segment by revenue, automotive glass products, produces various glass windshields and integrated products and solutions, such as rain-sensor windshields, heated windshields, and other related products.

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