Bigbloc Construction (NSE:BIGBLOC) Effective Interest Rate on Debt % : 6.60% (As of Mar. 2024)

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What is Bigbloc Construction 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. Bigbloc Construction's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹94 Mil. Bigbloc Construction's average total debt for the quarter that ended in Mar. 2024 was ₹1,425 Mil. Therefore, Bigbloc Construction's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.60%.

Bigbloc Construction Effective Interest Rate on Debt % Historical Data

The historical data trend for Bigbloc Construction'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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Bigbloc Construction Effective Interest Rate on Debt % Chart

Bigbloc Construction Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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8.09

7.16

6.20

6.40

7.70

Bigbloc Construction 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															5.83	9.97	8.37	7.68	6.60

Competitive Comparison of Bigbloc Construction's Effective Interest Rate on Debt %

For the Building Products & Equipment subindustry, Bigbloc Construction'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.

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

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

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

Bigbloc Construction Effective Interest Rate on Debt % Calculation

Bigbloc Construction'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 * -88.426	/	( (872.872	+	1425.1)	/ 2 )
=	-1 * -88.426	/	1148.986
=	7.70 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	645.31	+	227.562
=	872.872

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1007.279	+	417.821
=	1425.1

Bigbloc Construction'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 * -94.02	/	( (0	+	1425.1)	/ 1 )
=	-1 * -94.02	/	1425.1
=	6.60 %

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
=	1007.279	+	417.821
=	1425.1

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.

Bigbloc Construction (NSE:BIGBLOC) Effective Interest Rate on Debt % Explanation

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

Bigbloc Construction Effective Interest Rate on Debt % Related Terms

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Bigbloc Construction (NSE:BIGBLOC) Business Description

Industry

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

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Traded in Other Exchanges

540061:India

Address

Dumas Road, Office No. 908, 9th Floor, Rajhans Montessa, Magdalla, Surat, GJ, IND, 395007

Website

https://www.nxtbloc.in

Bigbloc Construction Ltd is engaged in the business of manufacturing building blocks and AAC (Aerated Autoclave Concrete) Bricks. AAC blocks are a high quality building material that offers a unique combination of strength, low weight, thermal insulation, sound absorption, unsurpassed fire resistance and unprecedented build ability. AAC is a natural and non-toxic construction material, saves energy, and is friendly to the environment. The company supplies to few of the largest Builders and Contractors in India like L&T, Lodha, Indiabulls, Runwal and many others.

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