Pyramid Technoplast (BOM:543969) Effective Interest Rate on Debt % : 11.46% (As of Mar. 2024)

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What is Pyramid Technoplast 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. Pyramid Technoplast's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹14 Mil. Pyramid Technoplast's average total debt for the quarter that ended in Mar. 2024 was ₹126 Mil. Therefore, Pyramid Technoplast's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 11.46%.

Pyramid Technoplast Effective Interest Rate on Debt % Historical Data

The historical data trend for Pyramid Technoplast'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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Pyramid Technoplast Effective Interest Rate on Debt % Chart

Pyramid Technoplast Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

12.57

8.69

7.19

6.68

6.17

Pyramid Technoplast Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	7.04	5.05	10.57	11.46

Competitive Comparison of Pyramid Technoplast's Effective Interest Rate on Debt %

For the Packaging & Containers subindustry, Pyramid Technoplast'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.

Pyramid Technoplast's Effective Interest Rate on Debt % Distribution in the Packaging & Containers Industry

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

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

Pyramid Technoplast Effective Interest Rate on Debt % Calculation

Pyramid Technoplast'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 * -23.376	/	( (557.853	+	199.854)	/ 2 )
=	-1 * -23.376	/	378.8535
=	6.17 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	176.343	+	381.51
=	557.853

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15.424	+	184.43
=	199.854

Pyramid Technoplast's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -14.476	/	( (52.887	+	199.854)	/ 2 )
=	-1 * -14.476	/	126.3705
=	11.46 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	24.179	+	28.708
=	52.887

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15.424	+	184.43
=	199.854

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

Pyramid Technoplast (BOM:543969) Effective Interest Rate on Debt % Explanation

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

Pyramid Technoplast Effective Interest Rate on Debt % Related Terms

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Pyramid Technoplast (BOM:543969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Pyramid Technoplast Ltd (BOM:543969) » Definitions » Effective Interest Rate on Debt %

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PYRAMID:India

Address

Rani Sati Marg, Office No. 2, Second Floor, Shah Trade Center, Near W.E. Highway, Malad East, Mumbai, MH, IND, 400 067

Website

https://www.pyramidtechnoplast.com

Pyramid Technoplast Ltd is an industrial packaging company engaged in the business of manufacturing polymer-based molded products (Polymer Drums) mainly used by chemical, agrochemical, specialty chemical and pharmaceutical companies for their packaging requirements. It is one of the leading manufacturers of rigid Intermediate Bulk Containers (IBC) in India manufacturing 1,000-litre capacity IBC. IBCs are industrial-grade containers engineered for the mass handling, transport, and storage of liquids, semi-solids, pastes, or solids. The company uses blow molding technology to manufacture Polymer Drums and IBCs.

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