GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mitsu Chem Plast Ltd (BOM:540078) » Definitions » Effective Interest Rate on Debt %

Mitsu Chem Plast (BOM:540078) Effective Interest Rate on Debt % : 9.56% (As of Jun. 2024)


View and export this data going back to 2016. Start your Free Trial

What is Mitsu Chem Plast 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. Mitsu Chem Plast's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was ₹76 Mil. Mitsu Chem Plast's average total debt for the quarter that ended in Jun. 2024 was ₹799 Mil. Therefore, Mitsu Chem Plast's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 9.56%.


Mitsu Chem Plast Effective Interest Rate on Debt % Historical Data

The historical data trend for Mitsu Chem Plast'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.

Mitsu Chem Plast Effective Interest Rate on Debt % Chart

Mitsu Chem Plast 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 10.22 8.69 7.49 8.35 10.02

Mitsu Chem Plast Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 10.60 10.36 10.91 7.34 9.56

Competitive Comparison of Mitsu Chem Plast's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Mitsu Chem Plast'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.


Mitsu Chem Plast's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Mitsu Chem Plast's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Mitsu Chem Plast's Effective Interest Rate on Debt % falls into.



Mitsu Chem Plast Effective Interest Rate on Debt % Calculation

Mitsu Chem Plast'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  *  -78.642/( (770.879+799.357)/ 2 )
=-1  *  -78.642/785.118
=10.02 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=376.421 + 394.458
=770.879

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=246.894 + 552.463
=799.357

Mitsu Chem Plast's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2024 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -76.384/( (799.357+0)/ 1 )
=-1  *  -76.384/799.357
=9.56 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=246.894 + 552.463
=799.357

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


Mitsu Chem Plast  (BOM:540078) Effective Interest Rate on Debt % Explanation

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


Mitsu Chem Plast Effective Interest Rate on Debt % Related Terms

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


Mitsu Chem Plast Business Description

Industry
Traded in Other Exchanges
Address
Din Dayal Upadhyay Marg, 329, 3rd Floor, Gala Complex, Mulund (West), Mumbai, MH, IND, 400080
Mitsu Chem Plast Ltd is a manufacturer of various products in blow molding, injection molding, and customized molding catering to the specific needs of customers. The products offered by the company include automotive components, molded industrial packaging, healthcare furniture, and infrastructural furniture. It operates in domestic as well as international markets.

Mitsu Chem Plast Headlines

No Headlines