Garment Mantra Lifestyle (BOM:539216) Effective Interest Rate on Debt % : 7.29% (As of Dec. 2024)

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What is Garment Mantra Lifestyle 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. Garment Mantra Lifestyle's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was ₹30 Mil. Garment Mantra Lifestyle's average total debt for the quarter that ended in Dec. 2024 was ₹418 Mil. Therefore, Garment Mantra Lifestyle's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 7.29%.

Garment Mantra Lifestyle Effective Interest Rate on Debt % Historical Data

The historical data trend for Garment Mantra Lifestyle'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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Garment Mantra Lifestyle Effective Interest Rate on Debt % Chart

Garment Mantra Lifestyle Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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5.50

9.44

8.03

8.06

6.15

Garment Mantra Lifestyle Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															9.64	4.56	5.79	7.65	7.29

Competitive Comparison of Garment Mantra Lifestyle's Effective Interest Rate on Debt %

For the Apparel Manufacturing subindustry, Garment Mantra Lifestyle'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.

Garment Mantra Lifestyle's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Garment Mantra Lifestyle's Effective Interest Rate on Debt % falls into.

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Garment Mantra Lifestyle Effective Interest Rate on Debt % Calculation

Garment Mantra Lifestyle'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 * -36.561	/	( (409.348	+	779.963)	/ 2 )
=	-1 * -36.561	/	594.6555
=	6.15 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	48.828	+	360.52
=	409.348

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	75.572	+	704.391
=	779.963

Garment Mantra Lifestyle's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -30.48	/	( (418.293	+	0)	/ 1 )
=	-1 * -30.48	/	418.293
=	7.29 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	72.633	+	345.66
=	418.293

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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

Garment Mantra Lifestyle (BOM:539216) Effective Interest Rate on Debt % Explanation

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

Garment Mantra Lifestyle Effective Interest Rate on Debt % Related Terms

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Garment Mantra Lifestyle Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Garment Mantra Lifestyle Ltd (BOM:539216) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Karia Gounder Street, No. 15, Murthy’s Plaza, Khaderpet, Tirupur, TN, IND, 641601

Website

https://www.garmentmantra.com

Garment Mantra Lifestlye Ltd is engaged in the business of garment manufacturing and selling of knitted fabric and garments. Geographically, it derives a majority of its revenue from the Domestic market. The products are manufactured for kids, men's, and women's wear. Some of its products are Polo T-shirts, Round Neck T-shirts, Sweatshirts, Nightwear, Leggings, Yoga wear, Girl's Sleepwear, and others.

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