Vedavaag Systems (BOM:533056) Effective Interest Rate on Debt % : 46.64% (As of Mar. 2024)

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What is Vedavaag Systems 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. Vedavaag Systems's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹7.4 Mil. Vedavaag Systems's average total debt for the quarter that ended in Mar. 2024 was ₹15.9 Mil. Therefore, Vedavaag Systems's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 46.64%.

Vedavaag Systems Effective Interest Rate on Debt % Historical Data

The historical data trend for Vedavaag Systems'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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Vedavaag Systems Effective Interest Rate on Debt % Chart

Vedavaag Systems Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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4.97

1.18

2.30

0.78

7.33

Vedavaag Systems 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															1.33	0.37	0.41	0.23	46.64

Competitive Comparison of Vedavaag Systems's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, Vedavaag Systems'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.

Vedavaag Systems's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Vedavaag Systems's Effective Interest Rate on Debt % distribution charts can be found below:

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

Vedavaag Systems Effective Interest Rate on Debt % Calculation

Vedavaag Systems'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 * -1.978	/	( (38.102	+	15.899)	/ 2 )
=	-1 * -1.978	/	27.0005
=	7.33 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	38.102
=	38.102

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.797	+	5.102
=	15.899

Vedavaag Systems'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 * -7.416	/	( (0	+	15.899)	/ 1 )
=	-1 * -7.416	/	15.899
=	46.64 %

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
=	10.797	+	5.102
=	15.899

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.

Vedavaag Systems (BOM:533056) Effective Interest Rate on Debt % Explanation

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

Vedavaag Systems Effective Interest Rate on Debt % Related Terms

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Vedavaag Systems (BOM:533056) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Vedavaag Systems Ltd (BOM:533056) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

1-90-8/13, B Block, 103, West Block, Sirisai Orchid, 1st Floor, Hitech City, Madhapur, Hyderabad, TG, IND, 500081

Website

http://www.vedavaag.com

Vedavaag Systems Ltd is an India based company engaged in providing information technology sales and services. The company is focusing on three key areas - E-Governance and Citizen Services, Banking, Finance and Insurance Services, and Infra services for Telecom. The company's business verticals include E-Governance Solutions Financial Inclusion System Integrator, Rural Healthcare, and Rural Retail.

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