Lancer Container Lines (BOM:539841) Effective Interest Rate on Debt % : 6.08% (As of Dec. 2023)

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What is Lancer Container Lines 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. Lancer Container Lines's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹98 Mil. Lancer Container Lines's average total debt for the quarter that ended in Dec. 2023 was ₹1,617 Mil. Therefore, Lancer Container Lines's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.08%.

Lancer Container Lines Effective Interest Rate on Debt % Historical Data

The historical data trend for Lancer Container Lines'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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Lancer Container Lines Effective Interest Rate on Debt % Chart

Lancer Container Lines Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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8.65

8.63

9.45

6.56

7.66

Lancer Container Lines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.60	5.69	5.37	8.26	6.08

Competitive Comparison of Lancer Container Lines's Effective Interest Rate on Debt %

For the Integrated Freight & Logistics subindustry, Lancer Container Lines'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.

Lancer Container Lines's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Lancer Container Lines's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Lancer Container Lines's Effective Interest Rate on Debt % falls into.

Lancer Container Lines Effective Interest Rate on Debt % Calculation

Lancer Container Lines's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -124.53	/	( (421.536	+	2827.949)	/ 2 )
=	-1 * -124.53	/	1624.7425
=	7.66 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	299.056	+	122.48
=	421.536

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2750.868	+	77.081
=	2827.949

Lancer Container Lines's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -98.372	/	( (1617.376	+	0)	/ 1 )
=	-1 * -98.372	/	1617.376
=	6.08 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1488.767	+	128.609
=	1617.376

	Total Debt (Q: Dec. 2023 )
=	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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Lancer Container Lines (BOM:539841) Effective Interest Rate on Debt % Explanation

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

Lancer Container Lines Effective Interest Rate on Debt % Related Terms

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Lancer Container Lines (BOM:539841) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Lancer Container Lines Ltd (BOM:539841) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit Nos. H02-2, H02-3 & H02-4, Plot No. 60, Sector-11, CBD Belapur, Navi Mumbai, MH, IND, 400614

Website

http://www.lancermarine.in

Lancer Container Lines Ltd is an India-based logistics company engaged in providing coastal water transport services of intermodal containers by container ships. The group provides logistic services such as non-vessel-operating common carrier, freight forwarding, container trading and leasing and container yard. The organization provides the services on a global basis. The company operates only in one segment namely Non Vessel Owners Operating Carrier.

Lancer Container Lines (BOM:539841) Headlines

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