Ashoka Metcast (NSE:ASHOKAMET) Effective Interest Rate on Debt % : 10.39% (As of Sep. 2023)

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What is Ashoka Metcast 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. Ashoka Metcast's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ₹16.0 Mil. Ashoka Metcast's average total debt for the quarter that ended in Sep. 2023 was ₹154.0 Mil. Therefore, Ashoka Metcast's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 10.39%.

Ashoka Metcast Effective Interest Rate on Debt % Historical Data

The historical data trend for Ashoka Metcast'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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Ashoka Metcast Effective Interest Rate on Debt % Chart

Ashoka Metcast Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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0.02

3.05

4.94

5.04

3.80

Ashoka Metcast Quarterly Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial												8.84	7.29	7.12	7.54	10.39

Competitive Comparison of Ashoka Metcast's Effective Interest Rate on Debt %

For the Steel subindustry, Ashoka Metcast'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.

Ashoka Metcast's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ashoka Metcast's Effective Interest Rate on Debt % distribution charts can be found below:

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

Ashoka Metcast Effective Interest Rate on Debt % Calculation

Ashoka Metcast'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 * -6.968	/	( (208.955	+	157.524)	/ 2 )
=	-1 * -6.968	/	183.2395
=	3.80 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	82.564	+	126.391
=	208.955

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	32.625	+	124.899
=	157.524

Ashoka Metcast'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 * -16.004	/	( (157.524	+	150.552)	/ 2 )
=	-1 * -16.004	/	154.038
=	10.39 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	32.625	+	124.899
=	157.524

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35.09	+	115.462
=	150.552

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.

Ashoka Metcast (NSE:ASHOKAMET) Effective Interest Rate on Debt % Explanation

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

Ashoka Metcast Effective Interest Rate on Debt % Related Terms

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Ashoka Metcast (NSE:ASHOKAMET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ashoka Metcast Ltd (NSE:ASHOKAMET) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

540923:India

Address

Mithakhali Six Roads, 7th Floor, Ashoka Chambers, Opposite HCG Hospital, Mithakhali, Ahmedabad, GJ, IND, 380006

Website

http://www.ashokametcast.in

Ashoka Metcast Ltd is currently engaged in the trading of structural steel and goods. The company has two segments namely Steel Trading and Trading of Goods. The company products are Thermo-Mechanically Treated bars, Angle bars, Mild steel bars, and Steel channels.

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