Modern Dairies (BOM:519287) Effective Interest Rate on Debt % : 13.21% (As of Sep. 2024)

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What is Modern Dairies 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. Modern Dairies's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ₹16 Mil. Modern Dairies's average total debt for the quarter that ended in Sep. 2024 was ₹119 Mil. Therefore, Modern Dairies's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 13.21%.

Modern Dairies Effective Interest Rate on Debt % Historical Data

The historical data trend for Modern Dairies'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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Modern Dairies Effective Interest Rate on Debt % Chart

Modern Dairies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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0.15

0.05

1.84

3.89

Modern Dairies Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.21	77.98	-	3.01	13.21

Competitive Comparison of Modern Dairies's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Modern Dairies'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.

Modern Dairies's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Modern Dairies's Effective Interest Rate on Debt % distribution charts can be found below:

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

Modern Dairies Effective Interest Rate on Debt % Calculation

Modern Dairies'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 * -38.208	/	( (1255.033	+	711.853)	/ 2 )
=	-1 * -38.208	/	983.443
=	3.89 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1255.033
=	1255.033

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	78.626	+	633.227
=	711.853

Modern Dairies's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -15.772	/	( (0	+	119.404)	/ 1 )
=	-1 * -15.772	/	119.404
=	13.21 %

where

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

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	78.404	+	41
=	119.404

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 (Sep. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Modern Dairies (BOM:519287) Effective Interest Rate on Debt % Explanation

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

Modern Dairies Effective Interest Rate on Debt % Related Terms

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Modern Dairies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Modern Dairies Ltd (BOM:519287) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

SCO 98-99, Sub City Centre, Sector 34, Chandigarh, IND, 160022

Website

https://www.moderndairies.com

Modern Dairies Ltd is engaged in the business of manufacturing and processing milk and milk products. Its products include casein, lactose, skimmed milk powder, cheese, butter, pure ghee, and premix. The company caters to both domestic and international markets. It has also launched fresh dairy products like milk in sachets, Curd, fermented milk products, and cheese in its own brand.

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