Vishal Bearings (BOM:539398) Effective Interest Rate on Debt % : 6.82% (As of Mar. 2024)

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What is Vishal Bearings 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. Vishal Bearings's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹35.4 Mil. Vishal Bearings's average total debt for the quarter that ended in Mar. 2024 was ₹518.1 Mil. Therefore, Vishal Bearings's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.82%.

Vishal Bearings Effective Interest Rate on Debt % Historical Data

The historical data trend for Vishal Bearings'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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Vishal Bearings Effective Interest Rate on Debt % Chart

Vishal Bearings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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8.36

7.09

8.01

9.29

6.95

Vishal Bearings Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.05	8.05	9.56	8.32	6.82

Competitive Comparison of Vishal Bearings's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Vishal Bearings'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.

Vishal Bearings's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Vishal Bearings's Effective Interest Rate on Debt % distribution charts can be found below:

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

Vishal Bearings Effective Interest Rate on Debt % Calculation

Vishal Bearings'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 * -34.527	/	( (475.131	+	518.089)	/ 2 )
=	-1 * -34.527	/	496.61
=	6.95 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	254.631	+	220.5
=	475.131

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	230.949	+	287.14
=	518.089

Vishal Bearings'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 * -35.352	/	( (0	+	518.089)	/ 1 )
=	-1 * -35.352	/	518.089
=	6.82 %

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
=	230.949	+	287.14
=	518.089

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.

Vishal Bearings (BOM:539398) Effective Interest Rate on Debt % Explanation

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

Vishal Bearings Effective Interest Rate on Debt % Related Terms

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Vishal Bearings (BOM:539398) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vishal Bearings Ltd (BOM:539398) » Definitions » Effective Interest Rate on Debt %

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Address

Shapar Village Road, Survey No. 22/1, Plot No.1, Shapar (Veraval), Rajkot, GJ, IND, 360024

Website

https://www.vishalbearings.com

Vishal Bearings Ltd engages in the business of manufacturing of bearing rollers, earning job work income and wind power generation. Its products include; Taper rollers, Cylindrical rollers, Spherical rollers and components of taper rollers. Its products are used by end-users in diverse industries, such as rail, light vehicles, off-highway, heavy trucks and auto-aftermarket industries classified as automobile industries and heavy industries, industrial processes, gear drives, energy and industrial distribution. The Company has sole business segment as Manufacturing of Bearing Rollers & Other Allied Activities.

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