Al-Haj Textile Mills (DHA:AL-HAJTEX) Effective Interest Rate on Debt % : 14.26% (As of Mar. 2023)

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What is Al-Haj Textile Mills 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. Al-Haj Textile Mills's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was BDT30.4 Mil. Al-Haj Textile Mills's average total debt for the quarter that ended in Mar. 2023 was BDT213.2 Mil. Therefore, Al-Haj Textile Mills's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 14.26%.

Al-Haj Textile Mills Effective Interest Rate on Debt % Historical Data

The historical data trend for Al-Haj Textile Mills'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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Al-Haj Textile Mills Effective Interest Rate on Debt % Chart

Al-Haj Textile Mills Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Effective Interest Rate on Debt %

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0.04

0.41

0.30

0.63

20.64

Al-Haj Textile Mills Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															16.63	15.97	15.36	14.79	14.26

Competitive Comparison of Al-Haj Textile Mills's Effective Interest Rate on Debt %

For the Textile Manufacturing subindustry, Al-Haj Textile Mills'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.

Al-Haj Textile Mills's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Al-Haj Textile Mills's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Al-Haj Textile Mills's Effective Interest Rate on Debt % falls into.

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Al-Haj Textile Mills Effective Interest Rate on Debt % Calculation

Al-Haj Textile Mills's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2021 )	+	Total Debt (A: Jun. 2022 ))	/ count )
=	-1 * -36.343	/	( (157.896	+	194.239)	/ 2 )
=	-1 * -36.343	/	176.0675
=	20.64 %

where

	Total Debt (A: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	139.124	+	18.772
=	157.896

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	175.467	+	18.772
=	194.239

Al-Haj Textile Mills's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -30.412	/	( (209.444	+	217.046)	/ 2 )
=	-1 * -30.412	/	213.245
=	14.26 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	190.672	+	18.772
=	209.444

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	198.274	+	18.772
=	217.046

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Al-Haj Textile Mills (DHA:AL-HAJTEX) Effective Interest Rate on Debt % Explanation

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

Al-Haj Textile Mills Effective Interest Rate on Debt % Related Terms

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Al-Haj Textile Mills Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Al-Haj Textile Mills Ltd (DHA:AL-HAJTEX) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

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Address

66, Dilkusha Commercial Area, 4th Floor, Dhaka, BGD, 1000

Website

https://www.alhajtextilemills.com

Al-Haj Textile Mills Ltd is a Bangladesh based company primarily engaged in the manufacturing and sale of cotton yarns. It offers cotton, polyester spun, poly-viscose blend, poly-cotton blend, and viscose spun yarns. It also offers advanced, reasonable solutions for any size-reduction requirements including quarry, aggregate, and various kinds of minerals.

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