Ekennis Software Service (BOM:543475) Effective Interest Rate on Debt % : 27.12% (As of Sep. 2023)

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What is Ekennis Software Service 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. Ekennis Software Service's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ₹0.33 Mil. Ekennis Software Service's average total debt for the quarter that ended in Sep. 2023 was ₹1.22 Mil. Therefore, Ekennis Software Service's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 27.12%.

Ekennis Software Service Effective Interest Rate on Debt % Historical Data

The historical data trend for Ekennis Software Service'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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Ekennis Software Service Effective Interest Rate on Debt % Chart

Ekennis Software Service Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

1.17

11.77

11.00

15.30

Ekennis Software Service Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			0.76	17.89	15.19	15.31	27.12

Competitive Comparison of Ekennis Software Service's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, Ekennis Software Service'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.

Ekennis Software Service's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Ekennis Software Service's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Ekennis Software Service's Effective Interest Rate on Debt % falls into.

Ekennis Software Service Effective Interest Rate on Debt % Calculation

Ekennis Software Service'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 * -0.255	/	( (1.956	+	1.378)	/ 2 )
=	-1 * -0.255	/	1.667
=	15.30 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.956
=	1.956

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.708	+	0.67
=	1.378

Ekennis Software Service'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: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.33	/	( (1.378	+	1.056)	/ 2 )
=	-1 * -0.33	/	1.217
=	27.12 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.708	+	0.67
=	1.378

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.334	+	0.722
=	1.056

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

Ekennis Software Service (BOM:543475) Effective Interest Rate on Debt % Explanation

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

Ekennis Software Service Effective Interest Rate on Debt % Related Terms

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Ekennis Software Service (BOM:543475) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ekennis Software Service Ltd (BOM:543475) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1&2 Second Floor, Neeladri Circle, Electronic City Phase-1, Dodathogur Village, Bangalore, KA, IND, 560100

Website

https://www.ekennis.com

Ekennis Software Service Ltd operates in the Information technology and Printing Industry. It is in the business of Software IT Solution and Consulting Services, IT Product / Software Development and Software Training, Enterprise Resource Planning solutions, Learning Management solutions, 3D Printing, Digital Printing and Packaging Design Management consultancy. The company generates majority of its revenue from Manpower Supply Services.

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