Aarnav Fashions (BOM:539562) Effective Interest Rate on Debt % : 11.27% (As of Mar. 2024)

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What is Aarnav Fashions 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. Aarnav Fashions's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹123 Mil. Aarnav Fashions's average total debt for the quarter that ended in Mar. 2024 was ₹1,093 Mil. Therefore, Aarnav Fashions's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 11.27%.

Aarnav Fashions Effective Interest Rate on Debt % Historical Data

The historical data trend for Aarnav Fashions'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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Aarnav Fashions Effective Interest Rate on Debt % Chart

Aarnav Fashions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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3.93

7.74

8.17

10.27

Aarnav Fashions 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															9.07	10.02	9.39	10.33	11.27

Competitive Comparison of Aarnav Fashions's Effective Interest Rate on Debt %

For the Textile Manufacturing subindustry, Aarnav Fashions'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.

Aarnav Fashions's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Aarnav Fashions Effective Interest Rate on Debt % Calculation

Aarnav Fashions'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 * -121.488	/	( (1272.519	+	1092.558)	/ 2 )
=	-1 * -121.488	/	1182.5385
=	10.27 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	343.283	+	929.236
=	1272.519

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	182.265	+	910.293
=	1092.558

Aarnav Fashions'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 * -123.124	/	( (0	+	1092.558)	/ 1 )
=	-1 * -123.124	/	1092.558
=	11.27 %

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
=	182.265	+	910.293
=	1092.558

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.

Aarnav Fashions (BOM:539562) Effective Interest Rate on Debt % Explanation

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

Aarnav Fashions Effective Interest Rate on Debt % Related Terms

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Aarnav Fashions (BOM:539562) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Aarnav Fashions Ltd (BOM:539562) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Survey No. 302 / 303, Narol - Vatva Road, Narol, Ahmedabad, GJ, IND, 382405

Website

https://www.aarnavgroup.com

Aarnav Fashions Ltd is an India-based company. It has an interest in investment and financial services. It operates through two business segments that are Financial services; and Trading. The business of financing includes trading commodities, shares, and securities. The trading business, which generates maximum revenue for the company, is involved in the trading of textiles. Geographically the company offers its service only to the Indian market.

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