Ankit Metal & Power (BOM:532870) Effective Interest Rate on Debt %: 0.00% (As of Dec. 2023)

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BOM:532870 Ankit Metal & Power Ltd BOM:532870
4 GF Score
Price ₹1.68
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What is Ankit Metal & Power Effective Interest Rate on Debt %?

Ankit Metal & Power BOM:532870 -1.75% 4 Effective Interest Rate on Debt % is 0.00% as of Dec. 2023. GuruFocus rates BOM:532870 with a GF Score™ of 4/100.

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. Ankit Metal & Power's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹0 Mil. Ankit Metal & Power's average total debt for the quarter that ended in Dec. 2023 was ₹11,049 Mil. Therefore, Ankit Metal & Power's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.


Ankit Metal & Power  (BOM:532870) Effective Interest Rate on Debt % Explanation

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


Ankit Metal & Power Effective Interest Rate on Debt % Related Terms


Ankit Metal & Power Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Ankit Metal & 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.

Ankit Metal & Power Effective Interest Rate on Debt % Chart

Ankit Metal & Power Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.21 3.65 1.57 0.41 0.01

Ankit Metal & Power 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 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 0.01 0.01 0.01 0.04 0.00

BOM:532870 vs NUE, STLD, RS: Effective Interest Rate on Debt % Comparison

For the Steel subindustry, Ankit Metal & 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.


Ankit Metal & Power Effective Interest Rate on Debt % vs Steel Industry

For the Steel industry and Basic Materials sector, Ankit Metal & Power's Effective Interest Rate on Debt % distribution charts can be found below:

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


BOM:532870
4GF Score
Ankit Metal & Power Ltd BOM:532870
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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Ankit Metal & Power Effective Interest Rate on Debt % Calculation

Ankit Metal & Power'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  *  -0.755/( (11396.629+11049.052)/ 2 )
=-1  *  -0.755/11222.8405
=0.01 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=656.608 + 10740.021
=11396.629

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=110.3 + 10938.752
=11049.052

Ankit Metal & Power'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  *  -0.16/( (11049.052+0)/ 1 )
=-1  *  -0.16/11049.052
=0.00 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=110.3 + 10938.752
=11049.052

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 0.00% mean?
Ankit Metal & Power (BOM:532870) has a Effective Interest Rate on Debt % of 0.00% as of Dec. 2023. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Ankit Metal & Power and its competitors.
Is Ankit Metal & Power's Effective Interest Rate on Debt % too high?
Ankit Metal & Power's current Effective Interest Rate on Debt % is 0.00%. Overall, Ankit Metal & Power has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Ankit Metal & Power's Effective Interest Rate on Debt % compare to NUE and STLD?
Ankit Metal & Power's Effective Interest Rate on Debt % of 0.00% can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Steel company?
A good Effective Interest Rate on Debt % depends on the Steel industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Ankit Metal & Power and its competitors. Ankit Metal & Power's current Effective Interest Rate on Debt % is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ankit Metal & Power stock overvalued right now?
Ankit Metal & Power (BOM:532870) has a current Effective Interest Rate on Debt % of 0.00%. The current Effective Interest Rate on Debt % is 0.00%. Ankit Metal & Power's overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Ankit Metal & Power (BOM:532870), the current Effective Interest Rate on Debt % is 0.00% as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Ankit Metal & Power Business Description

Address 132A, S. P. Mukherjee Road, SKP House, Kolkata, WB, IND, 700 026
Ankit Metal & Power Ltd manufactures and sells iron and steel products. Its product portfolio includes Sponge Iron, M.S. Billets, Pig Iron, Ferro Silicon, and others.
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Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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