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Indian Renewable Energy Development Agency (BOM:544026) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)


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What is Indian Renewable Energy Development Agency 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. Indian Renewable Energy Development Agency's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹0 Mil. Indian Renewable Energy Development Agency's average total debt for the quarter that ended in Mar. 2024 was ₹506,912 Mil. Therefore, Indian Renewable Energy Development Agency's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.


Indian Renewable Energy Development Agency Effective Interest Rate on Debt % Historical Data

The historical data trend for Indian Renewable Energy Development Agency'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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Indian Renewable Energy Development Agency Effective Interest Rate on Debt % Chart

Indian Renewable Energy Development Agency Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
3.85 3.50 2.70 2.52

Indian Renewable Energy Development Agency Quarterly Data
Mar21 Mar22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only - 2.82 2.60 - -

Competitive Comparison of Indian Renewable Energy Development Agency's Effective Interest Rate on Debt %

For the Credit Services subindustry, Indian Renewable Energy Development Agency'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.


Indian Renewable Energy Development Agency's Effective Interest Rate on Debt % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Indian Renewable Energy Development Agency's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Indian Renewable Energy Development Agency's Effective Interest Rate on Debt % falls into.



Indian Renewable Energy Development Agency Effective Interest Rate on Debt % Calculation

Indian Renewable Energy Development Agency'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  *  -11357.187/( (395159.47+506912.454)/ 2 )
=-1  *  -11357.187/451035.962
=2.52 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=309982.145 + 85177.325
=395159.47

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=419983.741 + 86928.713
=506912.454

Indian Renewable Energy Development Agency'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: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  0/( (0+506912.454)/ 1 )
=-1  *  0/506912.454
=0.00 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=419983.741 + 86928.713
=506912.454

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


Indian Renewable Energy Development Agency  (BOM:544026) Effective Interest Rate on Debt % Explanation

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


Indian Renewable Energy Development Agency Effective Interest Rate on Debt % Related Terms

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Indian Renewable Energy Development Agency (BOM:544026) Business Description

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Address
August Kranti Bhavan, 3rd Floor, Bhikaji Cama Place, New Delhi, IND, 110066
Indian Renewable Energy Development Agency Ltd is a wholly owned Government of India (GoI) enterprise under the administrative control of the Ministry of New and Renewable Energy. It is a financial institution with over 36 years of experience in the business of promoting, developing and extending financial assistance for new and renewable energy (RE) projects, and energy efficiency and conservation (EEC) projects. It provides a comprehensive range of financial products and related services, from project conceptualization to post-commissioning, for RE projects and other value chain activities, such as equipment manufacturing and transmission.

Indian Renewable Energy Development Agency (BOM:544026) Headlines

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