Bestway Cement Co (KAR:BWCL) Effective Interest Rate on Debt % : 18.96% (As of Mar. 2024)

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What is Bestway Cement 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. Bestway Cement Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₨11,462 Mil. Bestway Cement Co's average total debt for the quarter that ended in Mar. 2024 was ₨60,465 Mil. Therefore, Bestway Cement Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 18.96%.

Bestway Cement Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Bestway Cement 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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Bestway Cement Co Effective Interest Rate on Debt % Chart

Bestway Cement Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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7.63

10.97

5.67

5.48

11.86

Bestway Cement Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.19	17.73	17.32	17.44	18.96

Competitive Comparison of Bestway Cement Co's Effective Interest Rate on Debt %

For the Building Materials subindustry, Bestway Cement 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.

Bestway Cement Co's Effective Interest Rate on Debt % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Bestway Cement Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Bestway Cement Co's Effective Interest Rate on Debt % falls into.

Bestway Cement Co Effective Interest Rate on Debt % Calculation

Bestway Cement Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -6794.829	/	( (38495.301	+	76083.798)	/ 2 )
=	-1 * -6794.829	/	57289.5495
=	11.86 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21982.181	+	16513.12
=	38495.301

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	46338.481	+	29745.317
=	76083.798

Bestway Cement Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -11461.948	/	( (59702.847	+	61227.739)	/ 2 )
=	-1 * -11461.948	/	60465.293
=	18.96 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	43995.725	+	15707.122
=	59702.847

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	43238.82	+	17988.919
=	61227.739

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

Bestway Cement Co (KAR:BWCL) Effective Interest Rate on Debt % Explanation

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

Bestway Cement Co Effective Interest Rate on Debt % Related Terms

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Bestway Cement Co (KAR:BWCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Bestway Cement Co Ltd (KAR:BWCL) » Definitions » Effective Interest Rate on Debt %

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Address

19-A, College Road, Bestway Building, F-7 Markaz, Islamabad, PB, PAK, 44000

Website

https://www.bestway.com.pk

Bestway Cement Co Ltd is engaged in the production and sale of cement in the local and export market. Its products include Bestway, Pakcem, Stallion, Ecocem, Low Alkali Cement, and others. The company operates in Pakistan and also export to other countries. Geographically, the majority of the revenue is generated from Pakistan.

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