Byke Hospitality (BOM:531373) Effective Interest Rate on Debt % : 15.78% (As of Dec. 2024)

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What is Byke Hospitality 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. Byke Hospitality's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was ₹113.4 Mil. Byke Hospitality's average total debt for the quarter that ended in Dec. 2024 was ₹719.0 Mil. Therefore, Byke Hospitality's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 15.78%.

Byke Hospitality Effective Interest Rate on Debt % Historical Data

The historical data trend for Byke Hospitality'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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Byke Hospitality Effective Interest Rate on Debt % Chart

Byke Hospitality Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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17.04

12.15

11.28

11.25

10.69

Byke Hospitality 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															11.38	11.26	10.56	9.03	15.78

Competitive Comparison of Byke Hospitality's Effective Interest Rate on Debt %

For the Lodging subindustry, Byke Hospitality'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.

Byke Hospitality's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Byke Hospitality's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Byke Hospitality Effective Interest Rate on Debt % Calculation

Byke Hospitality'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 * -74.899	/	( (811.48	+	589.295)	/ 2 )
=	-1 * -74.899	/	700.3875
=	10.69 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	516.967	+	294.513
=	811.48

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	459.42	+	129.875
=	589.295

Byke Hospitality's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -113.432	/	( (719.037	+	0)	/ 1 )
=	-1 * -113.432	/	719.037
=	15.78 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	596.253	+	122.784
=	719.037

	Total Debt (Q: Dec. 2024 )
=	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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Byke Hospitality (BOM:531373) Effective Interest Rate on Debt % Explanation

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

Byke Hospitality Effective Interest Rate on Debt % Related Terms

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Byke Hospitality Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Byke Hospitality Ltd (BOM:531373) » Definitions » Effective Interest Rate on Debt %

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BYKE:India

Address

Shree Shakambhari Corporate Park, Plot Number 156-158, Chakravati Ashok Complex, Near Cambridge School, J. B. Nagar, Andheri (East), Sunil Patodia Tower, Mumbai, MH, IND, 400099

Website

https://www.thebyke.com

Byke Hospitality Ltd is a company operating in the hospitality sector. Its hotels and resorts include The Byke Heritage, The Byke Old Anchor, The Byke Neelkanth, The Byke Grassfield, The Byke Suraj Plaza, and The Byke Nature Villas. It has its presence in 9 states and 16 cities, the company has a portfolio of over 1300+ rooms across 19 hotels, which it owns, manages, and operates through lease and management contracts. Byke has approx 17 operational properties currently.

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