Petronet LNG (BOM:532522) Effective Interest Rate on Debt % : 9.41% (As of Mar. 2024)

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What is Petronet LNG 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. Petronet LNG's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹2,830 Mil. Petronet LNG's average total debt for the quarter that ended in Mar. 2024 was ₹30,081 Mil. Therefore, Petronet LNG's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 9.41%.

Petronet LNG Effective Interest Rate on Debt % Historical Data

The historical data trend for Petronet LNG'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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Petronet LNG Effective Interest Rate on Debt % Chart

Petronet LNG Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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16.56

8.54

8.95

9.74

9.12

Petronet LNG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															9.37	10.79	9.15	8.75	9.41

Competitive Comparison of Petronet LNG's Effective Interest Rate on Debt %

For the Oil & Gas Refining & Marketing subindustry, Petronet LNG'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.

Petronet LNG's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Petronet LNG's Effective Interest Rate on Debt % distribution charts can be found below:

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

Petronet LNG Effective Interest Rate on Debt % Calculation

Petronet LNG'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 * -2896.7	/	( (33450.1	+	30081)	/ 2 )
=	-1 * -2896.7	/	31765.55
=	9.12 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30704.7	+	2745.4
=	33450.1

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	25964.2	+	4116.8
=	30081

Petronet LNG'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 * -2830	/	( (0	+	30081)	/ 1 )
=	-1 * -2830	/	30081
=	9.41 %

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
=	25964.2	+	4116.8
=	30081

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.

Petronet LNG (BOM:532522) Effective Interest Rate on Debt % Explanation

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

Petronet LNG Effective Interest Rate on Debt % Related Terms

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Petronet LNG (BOM:532522) Business Description

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PETRONET:India

Address

Babar Road, Barakhamba Lane, World Trade Centre, 1st Floor, New Delhi, IND, 110001

Website

https://www.petronetlng.in

Petronet LNG Ltd is an oil and gas refining and marketing company formed by the government of India. The company operates liquified natural gas receiving and regasification terminals across India. Through its terminals, it also offers tolling services and re-loading terminals. The company has a single operating segment which is Natural Gas Business. Petronet LNG also owns a solid cargo port at Dahej with facilities to import and export products such as steel, coal, and fertilizer in bulk. Sales are largely composed of regasified liquefied natural gas and the majority of its revenue is derived from India.

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