Parvati Sweetners and Power (BOM:541347) Effective Interest Rate on Debt % : 10.35% (As of Dec. 2023)

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What is Parvati Sweetners and Power 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. Parvati Sweetners and Power's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹25.5 Mil. Parvati Sweetners and Power's average total debt for the quarter that ended in Dec. 2023 was ₹246.5 Mil. Therefore, Parvati Sweetners and Power's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 10.35%.

Parvati Sweetners and Power Effective Interest Rate on Debt % Historical Data

The historical data trend for Parvati Sweetners and Power'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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Parvati Sweetners and Power Effective Interest Rate on Debt % Chart

Parvati Sweetners and Power Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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4.48

2.89

3.42

4.38

5.49

Parvati Sweetners and Power 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															9.69	7.32	7.22	13.16	10.35

Competitive Comparison of Parvati Sweetners and Power's Effective Interest Rate on Debt %

For the Confectioners subindustry, Parvati Sweetners and Power'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.

Parvati Sweetners and Power's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Parvati Sweetners and Power's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Parvati Sweetners and Power's Effective Interest Rate on Debt % falls into.

Parvati Sweetners and Power Effective Interest Rate on Debt % Calculation

Parvati Sweetners and Power'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 * -35.458	/	( (775.702	+	517.205)	/ 2 )
=	-1 * -35.458	/	646.4535
=	5.49 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	335.187	+	440.515
=	775.702

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	131.717	+	385.488
=	517.205

Parvati Sweetners and Power'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 * -25.512	/	( (246.484	+	0)	/ 1 )
=	-1 * -25.512	/	246.484
=	10.35 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.528	+	225.956
=	246.484

	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.

Parvati Sweetners and Power (BOM:541347) Effective Interest Rate on Debt % Explanation

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

Parvati Sweetners and Power Effective Interest Rate on Debt % Related Terms

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Parvati Sweetners and Power (BOM:541347) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Parvati Sweetners and Power Ltd (BOM:541347) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jawahar Chowk, Hall No. 2, Gomantika Parisar, Shopping Complex, Bhopal, MP, IND, 462003

Website

https://www.parvatisweetners.co.in

Parvati Sweetners and Power Ltd is engaged in the manufacturing, processing, refining, selling, trading of crystal sugar, refined sugar, sugar cube, liquid sugar, raw sugar including sugar candy, confectionery, pharmaceutical sugar, syrups, food products and by-products such as biogases, molasses, ethanol, and others. The company generates its income from the sale of sugar and its by-products.

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