Cospower Engineering (BOM:543172) Effective Interest Rate on Debt % : 9.78% (As of Mar. 2024)

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What is Cospower Engineering 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. Cospower Engineering's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹18.7 Mil. Cospower Engineering's average total debt for the quarter that ended in Mar. 2024 was ₹191.3 Mil. Therefore, Cospower Engineering's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 9.78%.

Cospower Engineering Effective Interest Rate on Debt % Historical Data

The historical data trend for Cospower Engineering'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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Cospower Engineering Effective Interest Rate on Debt % Chart

Cospower Engineering Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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11.08

10.15

7.26

4.16

10.10

Cospower Engineering Semi-Annual Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								7.36	5.61	2.76	10.37	9.78

Competitive Comparison of Cospower Engineering's Effective Interest Rate on Debt %

For the Electronic Components subindustry, Cospower Engineering'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.

Cospower Engineering's Effective Interest Rate on Debt % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Cospower Engineering's Effective Interest Rate on Debt % distribution charts can be found below:

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

Cospower Engineering Effective Interest Rate on Debt % Calculation

Cospower Engineering'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 * -18.755	/	( (175.517	+	195.714)	/ 2 )
=	-1 * -18.755	/	185.6155
=	10.10 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	122.34	+	53.177
=	175.517

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	110.929	+	84.785
=	195.714

Cospower Engineering'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: Sep. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -18.718	/	( (186.974	+	195.714)	/ 2 )
=	-1 * -18.718	/	191.344
=	9.78 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	132.277	+	54.697
=	186.974

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	110.929	+	84.785
=	195.714

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

Cospower Engineering (BOM:543172) Effective Interest Rate on Debt % Explanation

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

Cospower Engineering Effective Interest Rate on Debt % Related Terms

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Cospower Engineering (BOM:543172) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cospower Engineering Ltd (BOM:543172) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Chincholi Bunder Road, 403, Chandra-Raj Building, Behind Vivanta Hospital, Malad (West), Mumbai, MH, IND, 400064

Website

https://www.cel.net.in

Cospower Engineering Ltd is engaged in the business of manufacturing of electrical panels, harmonic filters and substations, and equipment mounting structures. It provides turnkey services which involve supply, installation, commissioning, testing, and comprehensive maintenance of electric products. The company has extended its product range to other power-related products that are needed to complete the electrical system. It offers under one roof a complete package of electrical systems and solutions. Its business comprises of manufacturing and supplying of re-active power compensation systems, harmonic filters, and other engineering goods.

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