Arihant Academy (NSE:ARIHANTACA) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2023)

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What is Arihant Academy 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. Arihant Academy's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ₹0.0 Mil. Arihant Academy's average total debt for the quarter that ended in Sep. 2023 was ₹0.0 Mil. Therefore, Arihant Academy's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was N/A%.

Arihant Academy Effective Interest Rate on Debt % Historical Data

The historical data trend for Arihant Academy'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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Arihant Academy Effective Interest Rate on Debt % Chart

Arihant Academy Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

8.61

9.05

4.08

1.47

Arihant Academy Quarterly Data
	Mar20	Mar21	Mar22	Sep22	Dec22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	3.39	-	-	-

Competitive Comparison of Arihant Academy's Effective Interest Rate on Debt %

For the Education & Training Services subindustry, Arihant Academy'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.

Arihant Academy's Effective Interest Rate on Debt % Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Arihant Academy's Effective Interest Rate on Debt % distribution charts can be found below:

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

Arihant Academy Effective Interest Rate on Debt % Calculation

Arihant Academy's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -0.187	/	( (12.76	+	0)	/ 1 )
=	-1 * -0.187	/	12.76
=	1.47 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	12.76
=	12.76

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

Arihant Academy's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -0.012	/	( (0	+	0)	/ 1 )
=	-1 * -0.012	/	0
=	N/A %

where

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

	Total Debt (Q: Sep. 2023 )
=	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 (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Arihant Academy (NSE:ARIHANTACA) Effective Interest Rate on Debt % Explanation

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

Arihant Academy Effective Interest Rate on Debt % Related Terms

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Arihant Academy (NSE:ARIHANTACA) Business Description

Industry

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Traded in Other Exchanges

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Address

Carter Road No. 3, Ground Floor, Triveni Sadan, Opposite Ambe Mata Temple, Borivali (East), Mumbai, MH, IND, 400 066

Website

https://www.arihantacademy.com

Arihant Academy Ltd is engaged in providing coaching services and parallel educational support in India. It is a coaching institute for SSC, ICSE, Science & Commerce, and also for entrance exams such as JEE (Main), JEE (Advanced) and MHT- CET (State level), NEET (National Level), MHT- CET (State Level, Maharashtra), CS and CA for the entry-level and second level exam. The company generates key revenue from coaching services. It provides a comprehensive range of coaching services to students across various fields: Secondary School Section (SSC, ICSE & CBSE BOARD) and Higher Secondary Section.

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