Sterling Greenwoods (BOM:526500) Effective Interest Rate on Debt % : 9.25% (As of Sep. 2024)

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What is Sterling Greenwoods 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. Sterling Greenwoods's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ₹12.31 Mil. Sterling Greenwoods's average total debt for the quarter that ended in Sep. 2024 was ₹133.08 Mil. Therefore, Sterling Greenwoods's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 9.25%.

Sterling Greenwoods Effective Interest Rate on Debt % Historical Data

The historical data trend for Sterling Greenwoods'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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Sterling Greenwoods Effective Interest Rate on Debt % Chart

Sterling Greenwoods Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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9.65

2.94

8.07

7.13

8.01

Sterling Greenwoods Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.61	12.65	9.16	9.25	9.26

Competitive Comparison of Sterling Greenwoods's Effective Interest Rate on Debt %

For the Real Estate - Development subindustry, Sterling Greenwoods'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.

Sterling Greenwoods's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sterling Greenwoods's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Sterling Greenwoods Effective Interest Rate on Debt % Calculation

Sterling Greenwoods'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 * -10.417	/	( (128.495	+	131.645)	/ 2 )
=	-1 * -10.417	/	130.07
=	8.01 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26.898	+	101.597
=	128.495

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.67	+	121.975
=	131.645

Sterling Greenwoods'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 * -12.308	/	( (0	+	133.076)	/ 1 )
=	-1 * -12.308	/	133.076
=	9.25 %

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
=	5.49	+	127.586
=	133.076

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.

Sterling Greenwoods (BOM:526500) Effective Interest Rate on Debt % Explanation

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

Sterling Greenwoods Effective Interest Rate on Debt % Related Terms

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Sterling Greenwoods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sterling Greenwoods Ltd (BOM:526500) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

25, Sunrise Centre, opposite Indraprasth Towers, Opposite Drive in Cinema, Thaltej, Ahmedabad, GJ, IND, 380054

Website

https://www.sterlinggreenwoods.com

Sterling Greenwoods Ltd is a real estate company. The business activity of the group functions through the Resort and Real Estate Business segments. It is engaged in designing and constructing projects, plotted development, resorts, and others. Geographically activities are carried out through the region of India.

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