Happy Forgings (BOM:544057) Effective Interest Rate on Debt % : 4.21% (As of Sep. 2024)

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What is Happy Forgings 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. Happy Forgings's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ₹63 Mil. Happy Forgings's average total debt for the quarter that ended in Sep. 2024 was ₹1,488 Mil. Therefore, Happy Forgings's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 4.21%.

Happy Forgings Effective Interest Rate on Debt % Historical Data

The historical data trend for Happy Forgings'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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Happy Forgings Effective Interest Rate on Debt % Chart

Happy Forgings Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

7.28

3.22

5.19

6.09

Happy Forgings Quarterly Data
	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						6.86	5.84	0.27	3.84	4.21

Competitive Comparison of Happy Forgings's Effective Interest Rate on Debt %

For the Metal Fabrication subindustry, Happy Forgings'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.

Happy Forgings's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Happy Forgings's Effective Interest Rate on Debt % distribution charts can be found below:

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

Happy Forgings Effective Interest Rate on Debt % Calculation

Happy Forgings'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 * -110.096	/	( (2185.161	+	1430.074)	/ 2 )
=	-1 * -110.096	/	1807.6175
=	6.09 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	581.76	+	1603.401
=	2185.161

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1430.074
=	1430.074

Happy Forgings'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: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -62.648	/	( (0	+	1488.376)	/ 1 )
=	-1 * -62.648	/	1488.376
=	4.21 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6	+	1482.376
=	1488.376

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

Happy Forgings (BOM:544057) Effective Interest Rate on Debt % Explanation

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

Happy Forgings Effective Interest Rate on Debt % Related Terms

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Happy Forgings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Happy Forgings Ltd (BOM:544057) » Definitions » Effective Interest Rate on Debt %

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HAPPYFORGE:India

Address

H.B 220, Post Office - Rajgarh, Village Dugri, Ludhiana, PB, IND, 141 421

Website

https://www.happyforgingsltd.com

Happy Forgings Ltd is a manufacturer specializing in designing and manufacturing heavy forgings and high-precision machined components. The company manufactures, designs, and tests various products such as crankshafts, front axle carriers, steering knuckles, differential housings, transmission parts, pinion shafts, suspension products, and valve bodies for different industries and customers. The Company business comprises only the Forging segment where the company sells forged products comprising of forgings and machined components for the automotive and industrial sectors. The company generates the majority of its revenue within India.

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