Maksons Spinning Mills (DHA:MAKSONSPIN) Effective Interest Rate on Debt % : 24.98% (As of Jun. 2024)

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What is Maksons Spinning 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. Maksons Spinning Mills's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was BDT1,560 Mil. Maksons Spinning Mills's average total debt for the quarter that ended in Jun. 2024 was BDT6,246 Mil. Therefore, Maksons Spinning Mills's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 24.98%.

Maksons Spinning Mills Effective Interest Rate on Debt % Historical Data

The historical data trend for Maksons Spinning 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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Maksons Spinning Mills Effective Interest Rate on Debt % Chart

Maksons Spinning Mills Annual Data

Trend

Sep14

Sep15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

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9.45

6.80

6.59

8.02

13.53

Maksons Spinning Mills Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.23	8.84	10.90	7.39	24.98

Competitive Comparison of Maksons Spinning Mills's Effective Interest Rate on Debt %

For the Textile Manufacturing subindustry, Maksons Spinning 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.

Maksons Spinning Mills's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Maksons Spinning Mills's Effective Interest Rate on Debt % falls into.

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Maksons Spinning Mills Effective Interest Rate on Debt % Calculation

Maksons Spinning Mills's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2023 )	+	Total Debt (A: Jun. 2024 ))	/ count )
=	-1 * -786.77	/	( (5386.24	+	6244.923)	/ 2 )
=	-1 * -786.77	/	5815.5815
=	13.53 %

where

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	924.187	+	4462.053
=	5386.24

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	991.519	+	5253.404
=	6244.923

Maksons Spinning Mills's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -1560.024	/	( (6247.086	+	6244.923)	/ 2 )
=	-1 * -1560.024	/	6246.0045
=	24.98 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	866.947	+	5380.139
=	6247.086

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	991.519	+	5253.404
=	6244.923

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

Maksons Spinning Mills (DHA:MAKSONSPIN) Effective Interest Rate on Debt % Explanation

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

Maksons Spinning Mills Effective Interest Rate on Debt % Related Terms

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Maksons Spinning Mills Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Maksons Spinning Mills PLC (DHA:MAKSONSPIN) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

House No. 17, Road No. 6, Sector No. 1, Uttara Model Town, Dhaka, BGD, 1230

Website

http://www.maksonsgroup.com.bd

Maksons Spinning Mills PLC is a Bangladesh-based company in the production and sale of cotton yarn and also it offers cotton combed and carded yarn to the export-oriented readymade garments and knitting industries. The company's specialties are following Carded Yarn, Organic Yarn (Carded, Combed, Slub, Grey melange), Combed Yarn, Slub Yarn, BCI Yarn, Compact Combed Yarn, Grey Melange Yarn, and slub yarn.

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