Mizzen Ventures (BOM:531537) Effective Interest Rate on Debt % : 6.35% (As of Sep. 2024)

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What is Mizzen Ventures 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. Mizzen Ventures's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ₹1.88 Mil. Mizzen Ventures's average total debt for the quarter that ended in Sep. 2024 was ₹29.62 Mil. Therefore, Mizzen Ventures's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 6.35%.

Mizzen Ventures Effective Interest Rate on Debt % Historical Data

The historical data trend for Mizzen Ventures'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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Mizzen Ventures Effective Interest Rate on Debt % Chart

Mizzen Ventures Annual Data

Trend

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Effective Interest Rate on Debt %

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Mizzen Ventures Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Mar20	Jun20	Sep20	Mar21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	-	6.35

Competitive Comparison of Mizzen Ventures's Effective Interest Rate on Debt %

For the Infrastructure Operations subindustry, Mizzen Ventures'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.

Mizzen Ventures's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Mizzen Ventures's Effective Interest Rate on Debt % distribution charts can be found below:

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

Mizzen Ventures Effective Interest Rate on Debt % Calculation

Mizzen Ventures'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	/	( (19.514	+	25.397)	/ 2 )
=	-1 * 0	/	22.4555
=	0.00 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.514	+	0
=	19.514

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	25.397	+	0
=	25.397

Mizzen Ventures'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 * -1.88	/	( (0	+	29.62)	/ 1 )
=	-1 * -1.88	/	29.62
=	6.35 %

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
=	29.62	+	0
=	29.62

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.

Mizzen Ventures (BOM:531537) Effective Interest Rate on Debt % Explanation

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

Mizzen Ventures Effective Interest Rate on Debt % Related Terms

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Mizzen Ventures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Mizzen Ventures Ltd (BOM:531537) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Kondapur Main Road, Laxmi Nagar, Flat No. 704, D Block, Tower A, Aparna heights, Kondapur, Hyderabad, TG, IND, 500084

Website

https://www.jyothiinfra.com

Mizzen Ventures Ltd formerly Jyothi Infraventures Ltd is an infrastructure development company. The company handles infrastructure projects. The Company is engaged in business of trading of infrastructure building materials and infra works. The company's infrastructure activities include road construction, bridge development, water supply projects, and other critical infrastructure initiatives.

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