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Brijlaxmi Leasing & Finance (BOM:532113) Effective Interest Rate on Debt % : 21.90% (As of Jun. 2024)


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What is Brijlaxmi Leasing & Finance 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. Brijlaxmi Leasing & Finance's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ₹37.35 Mil. Brijlaxmi Leasing & Finance's average total debt for the quarter that ended in Jun. 2024 was ₹170.52 Mil. Therefore, Brijlaxmi Leasing & Finance's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 21.90%.


Brijlaxmi Leasing & Finance Effective Interest Rate on Debt % Historical Data

The historical data trend for Brijlaxmi Leasing & Finance'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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Brijlaxmi Leasing & Finance Effective Interest Rate on Debt % Chart

Brijlaxmi Leasing & Finance Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 0.82 4.16 8.46 7.88

Brijlaxmi Leasing & Finance Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.58 7.91 7.91 8.09 21.90

Competitive Comparison of Brijlaxmi Leasing & Finance's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Brijlaxmi Leasing & Finance'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.


Brijlaxmi Leasing & Finance's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Brijlaxmi Leasing & Finance's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Brijlaxmi Leasing & Finance's Effective Interest Rate on Debt % falls into.



Brijlaxmi Leasing & Finance Effective Interest Rate on Debt % Calculation

Brijlaxmi Leasing & Finance'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  *  -13.94/( (183.258+170.52)/ 2 )
=-1  *  -13.94/176.889
=7.88 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=183.258 + 0
=183.258

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=170.52 + 0
=170.52

Brijlaxmi Leasing & Finance's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2024 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -37.352/( (170.52+0)/ 1 )
=-1  *  -37.352/170.52
=21.90 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=170.52 + 0
=170.52

* 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.

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 (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Brijlaxmi Leasing & Finance  (BOM:532113) Effective Interest Rate on Debt % Explanation

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


Brijlaxmi Leasing & Finance Effective Interest Rate on Debt % Related Terms

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Brijlaxmi Leasing & Finance Business Description

Traded in Other Exchanges
N/A
Address
Near Jetalpur Road, 24, Suwernapuri Society, Chikuwadi, Alkapuri, Vadodara, GJ, IND, 390007
Brijlaxmi Leasing & Finance Ltd is a non-banking financial company and is engaged in the business of finance and Investments. The activities of the company include financing, investing in shares and other securities, Commodities and other related activities of capital market. The Company operates in the financial Service segment.

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