Technopack Polymers (BOM:543656) Effective Interest Rate on Debt % : 10.87% (As of Sep. 2024)

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What is Technopack Polymers 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. Technopack Polymers's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ₹6.9 Mil. Technopack Polymers's average total debt for the quarter that ended in Sep. 2024 was ₹63.4 Mil. Therefore, Technopack Polymers's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 10.87%.

Technopack Polymers Effective Interest Rate on Debt % Historical Data

The historical data trend for Technopack Polymers'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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Technopack Polymers Effective Interest Rate on Debt % Chart

Technopack Polymers Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

5.47

7.81

5.24

6.13

9.01

Technopack Polymers Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			4.93	8.15	11.55	4.67	10.87

Competitive Comparison of Technopack Polymers's Effective Interest Rate on Debt %

For the Packaging & Containers subindustry, Technopack Polymers'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.

Technopack Polymers's Effective Interest Rate on Debt % Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Technopack Polymers's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Technopack Polymers Effective Interest Rate on Debt % Calculation

Technopack Polymers'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 * -4.374	/	( (23.105	+	73.968)	/ 2 )
=	-1 * -4.374	/	48.5365
=	9.01 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.075	+	17.03
=	23.105

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	49.52	+	24.448
=	73.968

Technopack Polymers'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 * -6.892	/	( (73.968	+	52.813)	/ 2 )
=	-1 * -6.892	/	63.3905
=	10.87 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	49.52	+	24.448
=	73.968

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	48.737	+	4.076
=	52.813

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.

Technopack Polymers (BOM:543656) Effective Interest Rate on Debt % Explanation

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

Technopack Polymers Effective Interest Rate on Debt % Related Terms

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Technopack Polymers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Technopack Polymers Ltd (BOM:543656) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

M/S. Gokul Industries, Rafaleshvar Industrial Estate, Near Rafaleshvar Railway Track, Morbi, Jambudiya District, Rajkot, GJ, IND, 363642

Website

https://www.technopackltd.com

Technopack Polymers Ltd is a manufacturer and supplier of flexible plastic and paper products for FMCG packaging. The Company's main business activity is manufacturing CCM Caps and closures and Pet Preform.

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