GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Suryaamba Spinning Mills Ltd (BOM:533101) » Definitions » Effective Interest Rate on Debt %

Suryaamba Spinning Mills (BOM:533101) Effective Interest Rate on Debt % : 13.10% (As of Mar. 2024)


View and export this data going back to 2009. Start your Free Trial

What is Suryaamba Spinning Mills 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. Suryaamba Spinning Mills's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹56 Mil. Suryaamba Spinning Mills's average total debt for the quarter that ended in Mar. 2024 was ₹431 Mil. Therefore, Suryaamba Spinning Mills's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 13.10%.


Suryaamba Spinning Mills Effective Interest Rate on Debt % Historical Data

The historical data trend for Suryaamba Spinning Mills'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.

* Premium members only.

Suryaamba Spinning Mills Effective Interest Rate on Debt % Chart

Suryaamba Spinning Mills Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.14 11.03 9.18 11.90 13.05

Suryaamba Spinning Mills 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 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 12.82 14.21 12.50 12.90 13.10

Competitive Comparison of Suryaamba Spinning Mills's Effective Interest Rate on Debt %

For the Textile Manufacturing subindustry, Suryaamba Spinning Mills'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.


Suryaamba Spinning Mills's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Suryaamba Spinning Mills's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Suryaamba Spinning Mills's Effective Interest Rate on Debt % falls into.



Suryaamba Spinning Mills Effective Interest Rate on Debt % Calculation

Suryaamba Spinning Mills'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  *  -57.298/( (447.314+430.976)/ 2 )
=-1  *  -57.298/439.145
=13.05 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=309.544 + 137.77
=447.314

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=260.332 + 170.644
=430.976

Suryaamba Spinning Mills'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  *  -56.468/( (0+430.976)/ 1 )
=-1  *  -56.468/430.976
=13.10 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=260.332 + 170.644
=430.976

* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Suryaamba Spinning Mills  (BOM:533101) Effective Interest Rate on Debt % Explanation

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


Suryaamba Spinning Mills Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Suryaamba Spinning Mills's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Suryaamba Spinning Mills (BOM:533101) Business Description

Traded in Other Exchanges
N/A
Address
128, Chhaoni Katol Road, A-101, Kanha Apartment, Nagpur, MH, IND, 440 013
Suryaamba Spinning Mills Ltd is an India-based company engaged in manufacturing Polyester yarn and Polyester/Viscose Blended Yarn. It manufactures Synthetic Ring Spun Yarn for weaving, knitting, and embroidery and other industrial applications and specialized products according to customer requirements. The Company is operating under only one segment which is Manufacturing and Trading of Yarn. The product categories offered by the company includes 100% Polyester Yarns, Polyester/Viscose Yarns, Viscose Yarns, Other Blends and Fancy Yarns.

Suryaamba Spinning Mills (BOM:533101) Headlines

No Headlines