Auro Impex & Chemicals (NSE:AUROIMPEX) Effective Interest Rate on Debt % : 11.74% (As of Mar. 2023)

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What is Auro Impex & Chemicals 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. Auro Impex & Chemicals's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was ₹50 Mil. Auro Impex & Chemicals's average total debt for the quarter that ended in Mar. 2023 was ₹424 Mil. Therefore, Auro Impex & Chemicals's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 11.74%.

Auro Impex & Chemicals Effective Interest Rate on Debt % Historical Data

The historical data trend for Auro Impex & Chemicals'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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Auro Impex & Chemicals Effective Interest Rate on Debt % Chart

Auro Impex & Chemicals Annual Data

Trend

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

6.45

8.93

9.99

Auro Impex & Chemicals Semi-Annual Data
	Mar22	Sep22	Mar23	Mar24
Effective Interest Rate on Debt %	-	7.79	11.74	-

Competitive Comparison of Auro Impex & Chemicals's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Auro Impex & Chemicals'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.

Auro Impex & Chemicals's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Auro Impex & Chemicals's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Auro Impex & Chemicals's Effective Interest Rate on Debt % falls into.

Auro Impex & Chemicals Effective Interest Rate on Debt % Calculation

Auro Impex & Chemicals'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 * -41.918	/	( (488.023	+	350.773)	/ 2 )
=	-1 * -41.918	/	419.398
=	9.99 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	97.463	+	390.56
=	488.023

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	94.622	+	256.151
=	350.773

Auro Impex & Chemicals's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -49.71	/	( (359.027	+	488.023)	/ 2 )
=	-1 * -49.71	/	423.525
=	11.74 %

where

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	101.374	+	257.653
=	359.027

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	97.463	+	390.56
=	488.023

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 two times the semi-annual (Mar. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Auro Impex & Chemicals (NSE:AUROIMPEX) Effective Interest Rate on Debt % Explanation

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

Auro Impex & Chemicals Effective Interest Rate on Debt % Related Terms

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Auro Impex & Chemicals (NSE:AUROIMPEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Auro Impex & Chemicals Ltd (NSE:AUROIMPEX) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

740A, Block- P, New Alipore, Kolkata, WB, IND, 700053

Website

https://www.auroimpex.com

Auro Impex & Chemicals Ltd specializes in the manufacturing of Collecting Electrode, Discharge Electrode Plate steel structures and other internal components of an Electrostatic Precipitator - a filtration device used to remove smoke and fine dust particles from flowing gas used in various heavy industries such as Steel Plants, Sponge Iron industry, Cement Plants, Thermal Energy Plants and any other plant where the coal is burnt, as a measure to control Air Pollution.

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