Bizotic Commercial (BOM:543926) Effective Interest Rate on Debt % : 30.22% (As of Sep. 2024)

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What is Bizotic Commercial 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. Bizotic Commercial's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ₹6.3 Mil. Bizotic Commercial's average total debt for the quarter that ended in Sep. 2024 was ₹21.0 Mil. Therefore, Bizotic Commercial's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 30.22%.

Bizotic Commercial Effective Interest Rate on Debt % Historical Data

The historical data trend for Bizotic Commercial'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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Bizotic Commercial Effective Interest Rate on Debt % Chart

Bizotic Commercial Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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1.74

5.38

0.45

7.81

17.63

Bizotic Commercial Semi-Annual Data
	Mar19	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				-	-	48.31	-24.01	30.22

Competitive Comparison of Bizotic Commercial's Effective Interest Rate on Debt %

For the Apparel Manufacturing subindustry, Bizotic Commercial'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.

Bizotic Commercial's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bizotic Commercial's Effective Interest Rate on Debt % distribution charts can be found below:

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

Bizotic Commercial Effective Interest Rate on Debt % Calculation

Bizotic Commercial'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 * -5.724	/	( (43.318	+	21.624)	/ 2 )
=	-1 * -5.724	/	32.471
=	17.63 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	17.008	+	26.31
=	43.318

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.983	+	12.641
=	21.624

Bizotic Commercial'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 * -6.344	/	( (21.624	+	20.355)	/ 2 )
=	-1 * -6.344	/	20.9895
=	30.22 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.983	+	12.641
=	21.624

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.452	+	17.903
=	20.355

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.

Bizotic Commercial (BOM:543926) Effective Interest Rate on Debt % Explanation

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

Bizotic Commercial Effective Interest Rate on Debt % Related Terms

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Bizotic Commercial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bizotic Commercial Ltd (BOM:543926) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

15, Ashwamegh Warehouses, Ujala Circle, Sarkhej, Dascroi, Ahmedabad, GJ, IND, 382210

Website

https://www.bizoticgroup.com

Bizotic Commercial Ltd manufactures, designs, and markets readymade garments, offering a range of men's Formal Wear, Casual Wear, Party Wear, Fit Wear, Sports Wear, Comfort Wear, Ethnic Wear, and Winter Wear. The company sells its products on wholesale as well as retail basis. The company generates all its operational revenue from the sale of its products.

Bizotic Commercial Headlines

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