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Zaggle Prepaid Ocean Services (BOM:543985) Effective Interest Rate on Debt % : 22.74% (As of Mar. 2025)


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What is Zaggle Prepaid Ocean Services 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. Zaggle Prepaid Ocean Services's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was ₹45 Mil. Zaggle Prepaid Ocean Services's average total debt for the quarter that ended in Mar. 2025 was ₹199 Mil. Therefore, Zaggle Prepaid Ocean Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 22.74%.


Zaggle Prepaid Ocean Services Effective Interest Rate on Debt % Historical Data

The historical data trend for Zaggle Prepaid Ocean Services'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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Zaggle Prepaid Ocean Services Effective Interest Rate on Debt % Chart

Zaggle Prepaid Ocean Services Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 5.86 4.70 7.69 12.03 14.37

Zaggle Prepaid Ocean Services Quarterly Data
Mar20 Mar21 Mar22 Jun22 Sep22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.50 9.50 12.77 13.01 22.74

Competitive Comparison of Zaggle Prepaid Ocean Services's Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, Zaggle Prepaid Ocean Services'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.


Zaggle Prepaid Ocean Services's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Zaggle Prepaid Ocean Services's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Zaggle Prepaid Ocean Services's Effective Interest Rate on Debt % falls into.


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Zaggle Prepaid Ocean Services Effective Interest Rate on Debt % Calculation

Zaggle Prepaid Ocean Services'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  *  -76.55/( (866.27+198.78)/ 2 )
=-1  *  -76.55/532.525
=14.37 %

where

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=242.3 + 623.97
=866.27

Total Debt  (A: Mar. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=112.38 + 86.4
=198.78

Zaggle Prepaid Ocean Services'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: Dec. 2024 )+Total Debt  (Q: Mar. 2025 ))/ count )
=-1  *  -45.2/( (0+198.78)/ 1 )
=-1  *  -45.2/198.78
=22.74 %

where

Total Debt  (Q: Mar. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=112.38 + 86.4
=198.78

* 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.

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


Zaggle Prepaid Ocean Services  (BOM:543985) Effective Interest Rate on Debt % Explanation

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


Zaggle Prepaid Ocean Services Effective Interest Rate on Debt % Related Terms

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Zaggle Prepaid Ocean Services Business Description

Traded in Other Exchanges
Address
C.T.S. No. 4A, Boomerang Building, Ground Floor, B-1004, Village Saki Naka, Taluka Kurla, Andheri (East), District Mumbai Suburban, Mumbai, MH, IND, 400072
Zaggle Prepaid Ocean Services Ltd is into spend management, with a differentiated value proposition and diversified user base. It offers a diversified portfolio of SaaS, including tax and payroll software. The company's core product portfolio includes; Propel, a SaaS platform for channel partner rewards and incentives, employee rewards and recognition; SAVE, a SaaS-based platform for employee expense management, reimbursements and benefits; and Zoyer, an integrated data driven SaaS-based procure-to-pay and utility payment platform. The company's operating segments are based on the nature of the products and services provided and include; Propel platform revenue/gift cards which derives maximum revenue, Platform fee/SaaS fee/Service fee, and Program fee.

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