Asit C Mehta Financial Services (BOM:530723) Effective Interest Rate on Debt % : 12.47% (As of Dec. 2023)

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What is Asit C Mehta Financial Services 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. Asit C Mehta Financial Services's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹151.6 Mil. Asit C Mehta Financial Services's average total debt for the quarter that ended in Dec. 2023 was ₹1,216.0 Mil. Therefore, Asit C Mehta Financial Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 12.47%.

Asit C Mehta Financial Services Effective Interest Rate on Debt % Historical Data

The historical data trend for Asit C Mehta Financial Services'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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Asit C Mehta Financial Services Effective Interest Rate on Debt % Chart

Asit C Mehta Financial Services Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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8.03

8.99

8.88

8.46

8.96

Asit C Mehta Financial Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															17.28	9.22	9.46	9.64	12.47

Competitive Comparison of Asit C Mehta Financial Services's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Asit C Mehta Financial Services'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.

Asit C Mehta Financial Services's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Asit C Mehta Financial Services's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Asit C Mehta Financial Services's Effective Interest Rate on Debt % falls into.

Asit C Mehta Financial Services Effective Interest Rate on Debt % Calculation

Asit C Mehta Financial Services's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -99.86	/	( (1066.531	+	1162.824)	/ 2 )
=	-1 * -99.86	/	1114.6775
=	8.96 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	539.22	+	527.311
=	1066.531

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	583.046	+	579.778
=	1162.824

Asit C Mehta Financial Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -151.576	/	( (1216.001	+	0)	/ 1 )
=	-1 * -151.576	/	1216.001
=	12.47 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	645.886	+	570.115
=	1216.001

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

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Asit C Mehta Financial Services (BOM:530723) Effective Interest Rate on Debt % Explanation

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

Asit C Mehta Financial Services Effective Interest Rate on Debt % Related Terms

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Asit C Mehta Financial Services (BOM:530723) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Asit C Mehta Financial Services Ltd (BOM:530723) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

Saki Vihar Road, Pantomath Nucleus House, Andheri (East), Mumbai, MH, IND, 400072

Website

https://www.acmfsl.com

Asit C Mehta Financial Services Ltd is engaged in the business of Renting immovable properties, The Company also invests in Start-ups and other Businesses. It operates in various 'Business segments' which are Investment Activities, Advisory & Consultancy Services, Information Technology Enabled Services (IT), and Stock Broking & Allied Services. The company generates maximum revenue from the Stock Broking and Allied Services segment. Geographically, it operates in the domestic market.

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