Palm Jewels (BOM:541444) Effective Interest Rate on Debt % : 6.95% (As of Dec. 2024)

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What is Palm Jewels 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. Palm Jewels's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was ₹2 Mil. Palm Jewels's average total debt for the quarter that ended in Dec. 2024 was ₹23 Mil. Therefore, Palm Jewels's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 6.95%.

Palm Jewels Effective Interest Rate on Debt % Historical Data

The historical data trend for Palm Jewels'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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Palm Jewels Effective Interest Rate on Debt % Chart

Palm Jewels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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8.88

5.85

3.45

5.54

12.32

Palm Jewels Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.14	9.00	0.15	7.57	6.95

Competitive Comparison of Palm Jewels's Effective Interest Rate on Debt %

For the Luxury Goods subindustry, Palm Jewels'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.

Palm Jewels's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Palm Jewels's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Palm Jewels Effective Interest Rate on Debt % Calculation

Palm Jewels'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 * -1.583	/	( (17.527	+	8.177)	/ 2 )
=	-1 * -1.583	/	12.852
=	12.32 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	17.527
=	17.527

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	8.177
=	8.177

Palm Jewels's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -1.612	/	( (23.204	+	0)	/ 1 )
=	-1 * -1.612	/	23.204
=	6.95 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.508	+	13.696
=	23.204

	Total Debt (Q: Dec. 2024 )
=	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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Palm Jewels (BOM:541444) Effective Interest Rate on Debt % Explanation

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

Palm Jewels Effective Interest Rate on Debt % Related Terms

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Palm Jewels Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Palm Jewels Ltd (BOM:541444) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Chimanlal Girdharlal Road, Near Lal Bunglow, C-205, D-205, 2nd Floor, Super Mall, Navrangpura City, Ahmedabad, GJ, IND, 380009

Website

https://www.palmjewels.com

Palm Jewels Ltd is an India based company engaged in the wholesale business of gold jewellery. Its products include gold-based chains, bracelets, and necklaces. The company markets its products directly to other jewellery stores; and through B2B marketing and direct/outbound marketing.

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