Torrent Power (BOM:532779) Effective Interest Rate on Debt % : 9.42% (As of Sep. 2024)

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What is Torrent Power 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. Torrent Power's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ₹10,894 Mil. Torrent Power's average total debt for the quarter that ended in Sep. 2024 was ₹115,674 Mil. Therefore, Torrent Power's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 9.42%.

Torrent Power Effective Interest Rate on Debt % Historical Data

The historical data trend for Torrent Power'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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Torrent Power Effective Interest Rate on Debt % Chart

Torrent Power Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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10.08

9.15

7.24

8.16

8.28

Torrent Power Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															9.25	8.82	7.14	8.94	9.42

Competitive Comparison of Torrent Power's Effective Interest Rate on Debt %

For the Utilities - Independent Power Producers subindustry, Torrent Power'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.

Torrent Power's Effective Interest Rate on Debt % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Torrent Power's Effective Interest Rate on Debt % distribution charts can be found below:

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

Torrent Power Effective Interest Rate on Debt % Calculation

Torrent Power'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 * -9176.4	/	( (105414.1	+	116318)	/ 2 )
=	-1 * -9176.4	/	110866.05
=	8.28 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	89416.4	+	15997.7
=	105414.1

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	99559	+	16759
=	116318

Torrent Power'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 * -10893.6	/	( (0	+	115674.4)	/ 1 )
=	-1 * -10893.6	/	115674.4
=	9.42 %

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
=	104954.2	+	10720.2
=	115674.4

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.

Torrent Power (BOM:532779) Effective Interest Rate on Debt % Explanation

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

Torrent Power Effective Interest Rate on Debt % Related Terms

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Torrent Power Business Description

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TORNTPOWER:India

Address

Samanvay, 600, Tapovan, Ambawadi, Ahmedabad, GJ, IND, 380015

Website

https://www.torrentpower.com

Torrent Power Ltd is an Indian utility company engaged in the business of power generation, transmission, and distribution. Both by itself and through its subsidiaries, Torrent Power operates a portfolio of gas, combined cycle, coal, wind, and solar power plants. The company's gas-fired facilities constitute a majority of its energy-producing capacity. Torrent Power generates the vast majority of its revenue from the supply of power generated by its facilities and transmitted through its power grids to areas of Western and Northern India. Its sales are fairly evenly divided among residential, commercial, low-tension, and high-tension consumers. The low-tension customer class would include smaller manufacturing units, while high-tension would be composed of heavier industrial entities.

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