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Ecos (India) Mobility & Hospitality (BOM:544239) Effective Interest Rate on Debt % : 8.11% (As of Sep. 2024)


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What is Ecos (India) Mobility & Hospitality 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. Ecos (India) Mobility & Hospitality's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ₹20 Mil. Ecos (India) Mobility & Hospitality's average total debt for the quarter that ended in Sep. 2024 was ₹253 Mil. Therefore, Ecos (India) Mobility & Hospitality's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 8.11%.

Ecos (India) Mobility & Hospitality Effective Interest Rate on Debt % Historical Data

The historical data trend for Ecos (India) Mobility & Hospitality'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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Ecos (India) Mobility & Hospitality Effective Interest Rate on Debt % Chart

Ecos (India) Mobility & Hospitality Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
18.06 12.72 10.60 8.04

Ecos (India) Mobility & Hospitality Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Mar24 Sep24
Effective Interest Rate on Debt % Get a 7-Day Free Trial - - 8.79 8.30 8.11

Competitive Comparison of Ecos (India) Mobility & Hospitality's Effective Interest Rate on Debt %

For the Rental & Leasing Services subindustry, Ecos (India) Mobility & Hospitality'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.

Ecos (India) Mobility & Hospitality's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ecos (India) Mobility & Hospitality's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Ecos (India) Mobility & Hospitality's Effective Interest Rate on Debt % falls into.


Ecos (India) Mobility & Hospitality Effective Interest Rate on Debt % Calculation

Ecos (India) Mobility & Hospitality'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  *  -27.3/( (381.36+297.67)/ 2 )
=-1  *  -27.3/339.515
=8.04 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=191.27 + 190.09
=381.36

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=127.61 + 170.06
=297.67

Ecos (India) Mobility & Hospitality'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: Mar. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -20.48/( (297.67+207.59)/ 2 )
=-1  *  -20.48/252.63
=8.11 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=127.61 + 170.06
=297.67

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=87.59 + 120
=207.59

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

Ecos (India) Mobility & Hospitality  (BOM:544239) Effective Interest Rate on Debt % Explanation

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

Ecos (India) Mobility & Hospitality Effective Interest Rate on Debt % Related Terms

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Ecos (India) Mobility & Hospitality Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ecos (India) Mobility & Hospitality Ltd (BOM:544239) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
BOM:543715 NSE:WTICAB NSE:VIESL NSE:CROWN NSE:SHREEOSFM BOM:520155 BOM:530073 BOM:524628 NSE:AWFIS URI LSE:AHT AER FTAI UHAL TSX:EFN R XPAR:AYV WSC GATX BSP:RENT3
Traded in Other Exchanges
ECOSMOBLTY:India
Address
45, First Floor, Corner Market, Malviya Nagar, New Delhi, IND, 110017
Website
https://www.ecosmobility.com
Ecos (India) Mobility & Hospitality Ltd is engaged in the business of providing chauffeured car rentals (CCR) and employee transportation services (ETS) and has been providing these services to corporate customers, including Fortune 500 companies in India. It also provides cars on a self-drive basis in the cities of Delhi, Gurugram, Mumbai and Bengaluru. It has also provided self-drive cars outside India through vendors. The company operates a fleet of more than 9,000 economies of luxury cars, minivans, and luxury coaches. It also provides specialty vehicles such as luggage vans, limousines, vintage cars and vehicles for accessible transportation for people with disabilities.

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