Reetech International (BOM:543617) Effective Interest Rate on Debt % : 7.60% (As of Sep. 2024)

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What is Reetech International 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. Reetech International's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ₹1.5 Mil. Reetech International's average total debt for the quarter that ended in Sep. 2024 was ₹20.0 Mil. Therefore, Reetech International's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 7.60%.

Reetech International Effective Interest Rate on Debt % Historical Data

The historical data trend for Reetech International'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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Reetech International Effective Interest Rate on Debt % Chart

Reetech International Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

1.49

19.16

29.62

13.72

Reetech International Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	58.21	10.65	-	7.60

Competitive Comparison of Reetech International's Effective Interest Rate on Debt %

For the Coking Coal subindustry, Reetech International'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.

Reetech International's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Reetech International's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Reetech International Effective Interest Rate on Debt % Calculation

Reetech International'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 * -1.764	/	( (12.858	+	0)	/ 1 )
=	-1 * -1.764	/	12.858
=	13.72 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.383	+	7.475
=	12.858

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

Reetech International's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -1.522	/	( (0	+	20.036)	/ 1 )
=	-1 * -1.522	/	20.036
=	7.60 %

where

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

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.715	+	2.321
=	20.036

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

Reetech International (BOM:543617) Effective Interest Rate on Debt % Explanation

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

Reetech International Effective Interest Rate on Debt % Related Terms

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Reetech International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Reetech International Ltd (BOM:543617) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Near Kalimata Mandir Road, Sai Kunj, Civil Lines, Raipur, CT, IND, 492001

Website

https://www.reetechinternational.com

Reetech International Ltd is a Coal Supplier in India. The company's diversified product portfolio comprises coal from Indonesia, South Africa, and India, among other origins. The company supply the products to customers in various sectors such as Power, Steel, Rolling and other industries. An effective handling and transportation of the orders is facilitated through Road transportation, Sea and Railway.

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