Prajay Engineers Syndicate (BOM:531746) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Prajay Engineers Syndicate 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. Prajay Engineers Syndicate's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹1.6 Mil. Prajay Engineers Syndicate's average total debt for the quarter that ended in Dec. 2023 was ₹0.0 Mil. Therefore, Prajay Engineers Syndicate's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was N/A%.

Prajay Engineers Syndicate Effective Interest Rate on Debt % Historical Data

The historical data trend for Prajay Engineers Syndicate'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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Prajay Engineers Syndicate Effective Interest Rate on Debt % Chart

Prajay Engineers Syndicate Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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6.53

2.44

2.91

2.52

2.08

Prajay Engineers Syndicate 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															2.37	1.75	1.28	-	-

Competitive Comparison of Prajay Engineers Syndicate's Effective Interest Rate on Debt %

For the Real Estate - Development subindustry, Prajay Engineers Syndicate'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.

Prajay Engineers Syndicate's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

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

* The bar in red indicates where Prajay Engineers Syndicate's Effective Interest Rate on Debt % falls into.

Prajay Engineers Syndicate Effective Interest Rate on Debt % Calculation

Prajay Engineers Syndicate'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 * -37.365	/	( (1870.401	+	1727.085)	/ 2 )
=	-1 * -37.365	/	1798.743
=	2.08 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1499.251	+	371.15
=	1870.401

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1536.072	+	191.013
=	1727.085

Prajay Engineers Syndicate'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 * -1.564	/	( (0	+	0)	/ 1 )
=	-1 * -1.564	/	0
=	N/A %

where

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

	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.

Prajay Engineers Syndicate (BOM:531746) Effective Interest Rate on Debt % Explanation

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

Prajay Engineers Syndicate Effective Interest Rate on Debt % Related Terms

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Prajay Engineers Syndicate (BOM:531746) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Prajay Engineers Syndicate Ltd (BOM:531746) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

PRAENG:India

Address

Prajay Corporate House, 1-10-63 and 64, 5th Floor, Chikoti Gardens, Begumpet, Hyderabad, TG, IND, 500016

Website

http://www.prajayengineers.com

Prajay Engineers Syndicate Ltd is a real estate company. Its operating segment includes the Real estate segment and Hospitality Hotels and Resorts. It generates maximum revenue from the Real estate segment which is into development, sale, management, and operation of all or any part of townships, housing projects as well as leasing of self-owned commercial premises. The hotels and Resorts Segment (HR) is into upkeep and maintenance of Hotels, Restaurants, and Resorts. Geographically, it operates only in India.

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