Polycab India (BOM:542652) Effective Interest Rate on Debt % : 60.59% (As of Mar. 2024)

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What is Polycab India 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. Polycab India's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹976 Mil. Polycab India's average total debt for the quarter that ended in Mar. 2024 was ₹1,611 Mil. Therefore, Polycab India's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 60.59%.

Polycab India Effective Interest Rate on Debt % Historical Data

The historical data trend for Polycab India'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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Polycab India Effective Interest Rate on Debt % Chart

Polycab India Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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11.74

10.85

8.07

38.60

61.46

Polycab India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															60.50	37.43	46.10	60.56	60.59

Competitive Comparison of Polycab India's Effective Interest Rate on Debt %

For the Electrical Equipment & Parts subindustry, Polycab India'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.

Polycab India's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Polycab India's Effective Interest Rate on Debt % distribution charts can be found below:

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

Polycab India Effective Interest Rate on Debt % Calculation

Polycab India'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 * -1083.4	/	( (1914.72	+	1610.93)	/ 2 )
=	-1 * -1083.4	/	1762.825
=	61.46 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	266.41	+	1648.31
=	1914.72

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	471	+	1139.93
=	1610.93

Polycab India's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -976.04	/	( (0	+	1610.93)	/ 1 )
=	-1 * -976.04	/	1610.93
=	60.59 %

where

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

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	471	+	1139.93
=	1610.93

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

Polycab India (BOM:542652) Effective Interest Rate on Debt % Explanation

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

Polycab India Effective Interest Rate on Debt % Related Terms

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Polycab India (BOM:542652) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Polycab India Ltd (BOM:542652) » Definitions » Effective Interest Rate on Debt %

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POLYCAB:India

Address

No. 29, Senapati Bapat Marg, Tulsi Pipe Road, The Ruby, 21st Floor, Dadar (West), Mumbai, MH, IND, 400028

Website

https://www.polycab.com

Polycab India Ltd is engaged in the business of manufacturing and selling wires and cables and fast moving electrical goods under the POLYCAB brand. The business activities are carried out through Wires and cables, Fast moving electrical goods (FMEG), and Others segment. It generates maximum revenue from the Wires and cables segment. Geographically, it derives a majority of revenue from India. Some of its products include Power cables, Control Cables, Instrumentation Cables, Optical Fibre Cables (OFC), Solar Cables, Building Cables, Flexible Wires, and others.

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