Sharat Industries (BOM:890207) Effective Interest Rate on Debt % : 11.63% (As of Dec. 2024)

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What is Sharat Industries 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. Sharat Industries's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was ₹126 Mil. Sharat Industries's average total debt for the quarter that ended in Dec. 2024 was ₹1,084 Mil. Therefore, Sharat Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 11.63%.

Sharat Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for Sharat Industries'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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Sharat Industries Effective Interest Rate on Debt % Chart

Sharat Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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11.76

7.75

6.85

9.19

9.72

Sharat Industries Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															11.13	8.66	9.00	10.48	11.63

Competitive Comparison of Sharat Industries's Effective Interest Rate on Debt %

For the Farm Products subindustry, Sharat Industries'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.

Sharat Industries's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Sharat Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Sharat Industries Effective Interest Rate on Debt % Calculation

Sharat Industries'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 * -93.878	/	( (934.729	+	997.114)	/ 2 )
=	-1 * -93.878	/	965.9215
=	9.72 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	147.086	+	787.643
=	934.729

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	109.696	+	887.418
=	997.114

Sharat Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -126.072	/	( (1083.563	+	0)	/ 1 )
=	-1 * -126.072	/	1083.563
=	11.63 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	86.972	+	996.591
=	1083.563

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

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

Sharat Industries (BOM:890207) Effective Interest Rate on Debt % Explanation

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

Sharat Industries Effective Interest Rate on Debt % Related Terms

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Sharat Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sharat Industries Ltd (BOM:890207) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

519397:India

Address

No. 57/11, First Main Road, Flat No.4, Third Floor, Pallavi Apartments, HDFC Bank Compound, R.A. Puram, Chennai, TN, IND, 600 028

Website

http://www.sharatindustries.com

Sharat Industries Ltd is engaged in the integrated aquaculture business and related activities. The company engages in shrimp hatchery, culture, and feed and shrimp processing and exports business. It produces raw and cooked frozen-shrimps that include Raw White Shrimp and Cooked White Shrimp. All the operations of the company are located in India.

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