Amin Tannery (BOM:541771) Effective Interest Rate on Debt % : 5.23% (As of Sep. 2023)

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What is Amin Tannery 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. Amin Tannery's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ₹14.9 Mil. Amin Tannery's average total debt for the quarter that ended in Sep. 2023 was ₹283.9 Mil. Therefore, Amin Tannery's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 5.23%.

Amin Tannery Effective Interest Rate on Debt % Historical Data

The historical data trend for Amin Tannery'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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Amin Tannery Effective Interest Rate on Debt % Chart

Amin Tannery Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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7.28

6.81

3.84

3.51

4.73

Amin Tannery Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.25	6.17	3.15	6.30	5.23

Competitive Comparison of Amin Tannery's Effective Interest Rate on Debt %

For the Footwear & Accessories subindustry, Amin Tannery'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.

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

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

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

Amin Tannery Effective Interest Rate on Debt % Calculation

Amin Tannery'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 * -13.737	/	( (294.224	+	286.333)	/ 2 )
=	-1 * -13.737	/	290.2785
=	4.73 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.98	+	285.244
=	294.224

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.201	+	284.132
=	286.333

Amin Tannery's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -14.864	/	( (0	+	283.936)	/ 1 )
=	-1 * -14.864	/	283.936
=	5.23 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	283.936
=	283.936

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 (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Amin Tannery (BOM:541771) Effective Interest Rate on Debt % Explanation

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

Amin Tannery Effective Interest Rate on Debt % Related Terms

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Amin Tannery (BOM:541771) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Amin Tannery Ltd (BOM:541771) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

15/288 C, Civil Lines, Kanpur, UP, IND, 208001

Website

https://www.amintannery.in

Amin Tannery Ltd is an Indian-Based manufacturer and exporter of finished leather and leather shoes. It is engaged in the sale, purchase, manufacturing, refining, export, import, and deals as an agent in all classes of leather, hides, skins, and all chemicals and other materials required for converting hides and skins into leather and the business of tanners, curriers, hide and skin merchants. Its products offering includes finished leather and leather shoes including shoes and boots.

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