Veefin Solutions (BOM:543931) Effective Interest Rate on Debt % : 9.98% (As of Mar. 2025)

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What is Veefin Solutions 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. Veefin Solutions's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was ₹9.7 Mil. Veefin Solutions's average total debt for the quarter that ended in Mar. 2025 was ₹96.9 Mil. Therefore, Veefin Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 9.98%.

Veefin Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for Veefin Solutions'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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Veefin Solutions Effective Interest Rate on Debt % Chart

Veefin Solutions Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Mar25

Effective Interest Rate on Debt %

0.01

0.30

0.13

9.19

7.72

Veefin Solutions Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24	Mar25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	10.28	17.06	6.95	9.98

Competitive Comparison of Veefin Solutions's Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, Veefin Solutions'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.

Veefin Solutions's Effective Interest Rate on Debt % Distribution in the Software Industry

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

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

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Veefin Solutions Effective Interest Rate on Debt % Calculation

Veefin Solutions's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2024 )	+	Total Debt (A: Mar. 2025 ))	/ count )
=	-1 * -6.884	/	( (51.195	+	127.207)	/ 2 )
=	-1 * -6.884	/	89.201
=	7.72 %

where

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38.707	+	12.488
=	51.195

	Total Debt (A: Mar. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	67.807	+	59.4
=	127.207

Veefin Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2024 )	+	Total Debt (Q: Mar. 2025 ))	/ count )
=	-1 * -9.676	/	( (66.635	+	127.207)	/ 2 )
=	-1 * -9.676	/	96.921
=	9.98 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	52.117	+	14.518
=	66.635

	Total Debt (Q: Mar. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	67.807	+	59.4
=	127.207

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 (Mar. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Veefin Solutions (BOM:543931) Effective Interest Rate on Debt % Explanation

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

Veefin Solutions Effective Interest Rate on Debt % Related Terms

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Veefin Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Veefin Solutions Ltd (BOM:543931) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Kirol Road, Office No-601, 602 & 603, Neelkanth Corporate IT Park, Vidhyavihar, Mumbai, MH, IND, 400 086

Website

https://www.veefin.com

Veefin Solutions Ltd is a Digital Lending and Supply Chain Finance (SCF) technology product solutions company based in Mumbai. Supply Chain Finance is a financial tool used to help businesses manage their cash flows and improve their working capital. The company provides its product solutions to a wide range of clients globally, including Banks, Non-Banking Financial Institutions, FinTech, Marketplaces, and Corporates. Its technology product solutions are offerings, which are designed with a user-led approach, data, and analytics, and built by experienced bankers for bankers.

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