Spright Agro (BOM:531205) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)

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What is Spright Agro 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. Spright Agro's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹0.0 Mil. Spright Agro's average total debt for the quarter that ended in Mar. 2024 was ₹3.8 Mil. Therefore, Spright Agro's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.

Spright Agro Effective Interest Rate on Debt % Historical Data

The historical data trend for Spright Agro'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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Spright Agro Effective Interest Rate on Debt % Chart

Spright Agro Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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0.01

0.02

0.14

Spright Agro 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															0.61	-	-	-	-

Competitive Comparison of Spright Agro's Effective Interest Rate on Debt %

For the Agricultural Inputs subindustry, Spright Agro'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.

Spright Agro's Effective Interest Rate on Debt % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Spright Agro's Effective Interest Rate on Debt % distribution charts can be found below:

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

Spright Agro Effective Interest Rate on Debt % Calculation

Spright Agro'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 * 0	/	( (1.314	+	3.846)	/ 2 )
=	-1 * 0	/	2.58
=	0.00 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.314	+	0
=	1.314

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	3.846
=	3.846

Spright Agro'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 * 0	/	( (0	+	3.846)	/ 1 )
=	-1 * 0	/	3.846
=	0.00 %

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
=	0	+	3.846
=	3.846

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.

Spright Agro (BOM:531205) Effective Interest Rate on Debt % Explanation

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

Spright Agro Effective Interest Rate on Debt % Related Terms

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Spright Agro (BOM:531205) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Spright Agro Ltd (BOM:531205) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Ashram Road, Office No: B-263, Sakar-7, Nehru Bridge Corner, Ahmedabad, GJ, IND, 380006

Website

https://www.kansalfibres.com

Tine Agro Ltd formerly Kansal Fibres Ltd is currently engaged in the business of dealing and trading in all types of agricultural goods, commodities, and other related materials on retail as well as on wholesale basis.. It is engaged in the trading of textile material on a retail basis. The company markets its clothing products throughout India.

Spright Agro (BOM:531205) Headlines

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