Astra Microwave Products (BOM:532493) Effective Interest Rate on Debt % : 15.98% (As of Mar. 2024)

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What is Astra Microwave Products 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. Astra Microwave Products's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹380 Mil. Astra Microwave Products's average total debt for the quarter that ended in Mar. 2024 was ₹2,376 Mil. Therefore, Astra Microwave Products's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 15.98%.

Astra Microwave Products Effective Interest Rate on Debt % Historical Data

The historical data trend for Astra Microwave Products'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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Astra Microwave Products Effective Interest Rate on Debt % Chart

Astra Microwave Products Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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22.15

17.83

14.53

23.86

14.80

Astra Microwave Products 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															20.76	16.06	36.48	47.71	15.98

Competitive Comparison of Astra Microwave Products's Effective Interest Rate on Debt %

For the Communication Equipment subindustry, Astra Microwave Products'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.

Astra Microwave Products's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Astra Microwave Products's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Astra Microwave Products's Effective Interest Rate on Debt % falls into.

Astra Microwave Products Effective Interest Rate on Debt % Calculation

Astra Microwave Products'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 * -313.112	/	( (1854.564	+	2376.415)	/ 2 )
=	-1 * -313.112	/	2115.4895
=	14.80 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	33.311	+	1821.253
=	1854.564

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	154.717	+	2221.698
=	2376.415

Astra Microwave Products'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 * -379.744	/	( (0	+	2376.415)	/ 1 )
=	-1 * -379.744	/	2376.415
=	15.98 %

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
=	154.717	+	2221.698
=	2376.415

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.

Astra Microwave Products (BOM:532493) Effective Interest Rate on Debt % Explanation

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

Astra Microwave Products Effective Interest Rate on Debt % Related Terms

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Astra Microwave Products (BOM:532493) Business Description

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ASTRAMICRO:India

Address

Astra Towers, Survey No.12 (Part), Kothaguda Post, Opp. CII Green Building, Kondapur, Hitech City, Hyderabad, TG, IND, 500038

Website

https://www.astramwp.com

Astra Microwave Products Ltd is engaged in designing and manufacturing radio frequency (RF) and microwave super components and sub-systems finding applications in defense, space, telecom, meteorology, and civil communication systems. The principal activity of the company is to carry on the business to manufacture, produce, assemble, repair, maintain, importing, export, buy, sell, or otherwise deal in all kinds of electronic items and components.

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