SMC Global Securities (BOM:543263) Effective Interest Rate on Debt % : 12.71% (As of Mar. 2024)

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What is SMC Global Securities 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. SMC Global Securities's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹1,864 Mil. SMC Global Securities's average total debt for the quarter that ended in Mar. 2024 was ₹14,668 Mil. Therefore, SMC Global Securities's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 12.71%.

SMC Global Securities Effective Interest Rate on Debt % Historical Data

The historical data trend for SMC Global Securities'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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SMC Global Securities Effective Interest Rate on Debt % Chart

SMC Global Securities Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

12.57

7.07

5.91

17.97

10.54

SMC Global Securities Quarterly Data
	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												-	-	12.04	13.95	12.71

Competitive Comparison of SMC Global Securities's Effective Interest Rate on Debt %

For the Capital Markets subindustry, SMC Global Securities'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.

SMC Global Securities's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, SMC Global Securities's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where SMC Global Securities's Effective Interest Rate on Debt % falls into.

SMC Global Securities Effective Interest Rate on Debt % Calculation

SMC Global Securities'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 * -1545.622	/	( (0	+	14668.209)	/ 1 )
=	-1 * -1545.622	/	14668.209
=	10.54 %

where

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

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14668.209	+	0
=	14668.209

SMC Global Securities'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 * -1863.76	/	( (0	+	14668.209)	/ 1 )
=	-1 * -1863.76	/	14668.209
=	12.71 %

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
=	14668.209	+	0
=	14668.209

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.

SMC Global Securities (BOM:543263) Effective Interest Rate on Debt % Explanation

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

SMC Global Securities Effective Interest Rate on Debt % Related Terms

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SMC Global Securities (BOM:543263) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » SMC Global Securities Ltd (BOM:543263) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

SMCGLOBAL:India

Address

Pusa Road, 11/6B, Shanti Chamber, New Delhi, IND, 110005

Website

https://www.smcindiaonline.com

SMC Global Securities Ltd is a diversified financial services company in India. The company offers brokerage services across the asset classes of equities, commodities and currency, investment banking, wealth management, distribution of third-party financial products, research, financing, depository services, insurance broking, clearing services, mortgage advisory, and real estate advisory services to corporates, institutions, high net worth individuals, and other retail clients.

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