Aakash Exploration Services (NSE:AAKASH) Effective Interest Rate on Debt % : 13.17% (As of Mar. 2024)

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What is Aakash Exploration Services 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. Aakash Exploration Services's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹23.9 Mil. Aakash Exploration Services's average total debt for the quarter that ended in Mar. 2024 was ₹181.1 Mil. Therefore, Aakash Exploration Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 13.17%.

Aakash Exploration Services Effective Interest Rate on Debt % Historical Data

The historical data trend for Aakash Exploration Services'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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Aakash Exploration Services Effective Interest Rate on Debt % Chart

Aakash Exploration Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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10.03

8.79

7.88

8.24

8.36

Aakash Exploration Services Quarterly Data
	Mar19	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															7.84	5.76	12.34	9.00	13.17

Competitive Comparison of Aakash Exploration Services's Effective Interest Rate on Debt %

For the Oil & Gas Equipment & Services subindustry, Aakash Exploration Services'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.

Aakash Exploration Services's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Aakash Exploration Services's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Aakash Exploration Services's Effective Interest Rate on Debt % falls into.

Aakash Exploration Services Effective Interest Rate on Debt % Calculation

Aakash Exploration Services'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 * -17.796	/	( (244.425	+	181.102)	/ 2 )
=	-1 * -17.796	/	212.7635
=	8.36 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	54.486	+	189.939
=	244.425

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	60.739	+	120.363
=	181.102

Aakash Exploration Services'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 * -23.86	/	( (0	+	181.102)	/ 1 )
=	-1 * -23.86	/	181.102
=	13.17 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	60.739	+	120.363
=	181.102

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.

Aakash Exploration Services (NSE:AAKASH) Effective Interest Rate on Debt % Explanation

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

Aakash Exploration Services Effective Interest Rate on Debt % Related Terms

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Aakash Exploration Services (NSE:AAKASH) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Aakash Exploration Services Ltd (NSE:AAKASH) » Definitions » Effective Interest Rate on Debt %

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Address

424-426, 4th Floor, Shukan Mall, Near Visat Petrol Pump, Sabarmati, Ahmedabad, GJ, IND, 380005

Website

https://www.aakashexploration.com

Aakash Exploration Services Ltd provides oil and gas field services in India. It offers mobile work over rigs, hot oil circulation units, air compressors, mobile steaming units, mobile pumping units, cranes, manpower services, SRP unit supply and maintenance, and other related services. The company derives revenue from the sale of services.

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