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Shree Tirupati Balajee Agro Trading Co (BOM:544249) Effective Interest Rate on Debt % : 10.14% (As of Sep. 2024)


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What is Shree Tirupati Balajee Agro Trading Co 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. Shree Tirupati Balajee Agro Trading Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ₹220 Mil. Shree Tirupati Balajee Agro Trading Co's average total debt for the quarter that ended in Sep. 2024 was ₹2,168 Mil. Therefore, Shree Tirupati Balajee Agro Trading Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 10.14%.

Shree Tirupati Balajee Agro Trading Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Shree Tirupati Balajee Agro Trading Co'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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Shree Tirupati Balajee Agro Trading Co Effective Interest Rate on Debt % Chart

Shree Tirupati Balajee Agro Trading Co Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
5.47 6.14 6.86 8.01

Shree Tirupati Balajee Agro Trading Co Quarterly Data
Mar21 Mar22 Mar23 Jun23 Sep23 Mar24 Jun24 Sep24
Effective Interest Rate on Debt % Get a 7-Day Free Trial 9.18 8.49 - 8.35 10.14

Competitive Comparison of Shree Tirupati Balajee Agro Trading Co's Effective Interest Rate on Debt %

For the Packaging & Containers subindustry, Shree Tirupati Balajee Agro Trading Co'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.

Shree Tirupati Balajee Agro Trading Co's Effective Interest Rate on Debt % Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Shree Tirupati Balajee Agro Trading Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shree Tirupati Balajee Agro Trading Co's Effective Interest Rate on Debt % falls into.


Shree Tirupati Balajee Agro Trading Co Effective Interest Rate on Debt % Calculation

Shree Tirupati Balajee Agro Trading Co'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  *  -188.292/( (2251.475+2449.816)/ 2 )
=-1  *  -188.292/2350.6455
=8.01 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=530.44 + 1721.035
=2251.475

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=396.257 + 2053.559
=2449.816

Shree Tirupati Balajee Agro Trading Co'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  *  -219.84/( (0+2167.562)/ 1 )
=-1  *  -219.84/2167.562
=10.14 %

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
=96.082 + 2071.48
=2167.562

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

Shree Tirupati Balajee Agro Trading Co  (BOM:544249) Effective Interest Rate on Debt % Explanation

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

Shree Tirupati Balajee Agro Trading Co Effective Interest Rate on Debt % Related Terms

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Shree Tirupati Balajee Agro Trading Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Shree Tirupati Balajee Agro Trading Co Ltd (BOM:544249) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
BALAJEE:India
Address
E-34, H.I.G, RaviShankar Nagar, Near LIG Square, Indore, MP, IND, 452010
Website
https://www.tirupatibalajee.net
Shree Tirupati Balajee Agro Trading Co Ltd is engaged in the business of manufacturing and selling of Flexible Intermediate Bulk Containers (FIBCs) i.e. large flexible bags and other industrial packaging products such as woven sacks, woven fabric and narrow fabric, tapes in the Indian domestic market and overseas. The company offers customized products and caters to the bulk packaging solutions of its clients from diverse industries like chemicals, agrochemicals, food mining, waste disposal industry, agriculture industry, lubricants and edible oil by supplying them its FIBC products for transportation purposes and their packaging requirement.

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