AXISCADES Technologies (NSE:AXISCADES) Effective Interest Rate on Debt % : 15.69% (As of Mar. 2024)

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What is AXISCADES Technologies 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. AXISCADES Technologies's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹501 Mil. AXISCADES Technologies's average total debt for the quarter that ended in Mar. 2024 was ₹3,189 Mil. Therefore, AXISCADES Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 15.69%.

AXISCADES Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for AXISCADES Technologies'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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AXISCADES Technologies Effective Interest Rate on Debt % Chart

AXISCADES Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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11.87

11.18

17.89

17.18

16.96

AXISCADES Technologies 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															16.34	23.25	10.74	11.17	15.69

Competitive Comparison of AXISCADES Technologies's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, AXISCADES Technologies'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.

AXISCADES Technologies's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, AXISCADES Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

AXISCADES Technologies Effective Interest Rate on Debt % Calculation

AXISCADES Technologies'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 * -563.679	/	( (3459.62	+	3189.222)	/ 2 )
=	-1 * -563.679	/	3324.421
=	16.96 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1933.932	+	1525.688
=	3459.62

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1701.87	+	1487.352
=	3189.222

AXISCADES Technologies'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 * -500.544	/	( (0	+	3189.222)	/ 1 )
=	-1 * -500.544	/	3189.222
=	15.69 %

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
=	1701.87	+	1487.352
=	3189.222

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.

AXISCADES Technologies (NSE:AXISCADES) Effective Interest Rate on Debt % Explanation

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

AXISCADES Technologies Effective Interest Rate on Debt % Related Terms

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AXISCADES Technologies (NSE:AXISCADES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AXISCADES Technologies Ltd (NSE:AXISCADES) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

532395:India

Address

Kirloskar Business Park, Block C, Second Floor, Hebbal, Bengaluru, KA, IND, 560 024

Website

https://www.axiscades.com

AXISCADES Technologies Ltd is engaged in the business of Engineering Design Services. The company's operating segment includes Engineering Design Services and Strategic technology solutions. It generates maximum revenue from the Engineering Design Services segment. The Engineering Design Services segment is engaged in providing Product Design, Engineering, research, and development services. Geographically, it derives a majority of its revenue from Outside India. It serves aerospace; automotive; off-highway and industrial; defence; energy and medical devices industries.

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