Career Point (NSE:CAREERP) Effective Interest Rate on Debt % : 5.95% (As of Mar. 2024)

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What is Career Point 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. Career Point's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹21 Mil. Career Point's average total debt for the quarter that ended in Mar. 2024 was ₹346 Mil. Therefore, Career Point's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.95%.

Career Point Effective Interest Rate on Debt % Historical Data

The historical data trend for Career Point'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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Career Point Effective Interest Rate on Debt % Chart

Career Point Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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8.91

6.86

6.63

7.82

5.92

Career Point 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															5.86	7.52	10.09	11.83	5.95

Competitive Comparison of Career Point's Effective Interest Rate on Debt %

For the Conglomerates subindustry, Career Point'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.

Career Point's Effective Interest Rate on Debt % Distribution in the Conglomerates Industry

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

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

Career Point Effective Interest Rate on Debt % Calculation

Career Point'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 * -16.414	/	( (208.661	+	345.986)	/ 2 )
=	-1 * -16.414	/	277.3235
=	5.92 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	85.495	+	123.166
=	208.661

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	93.19	+	252.796
=	345.986

Career Point'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 * -20.6	/	( (0	+	345.986)	/ 1 )
=	-1 * -20.6	/	345.986
=	5.95 %

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
=	93.19	+	252.796
=	345.986

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.

Career Point (NSE:CAREERP) Effective Interest Rate on Debt % Explanation

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

Career Point Effective Interest Rate on Debt % Related Terms

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Career Point (NSE:CAREERP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Career Point Ltd (NSE:CAREERP) » Definitions » Effective Interest Rate on Debt %

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533260:India

Address

Road No. 1, CP Tower 1, IPIA, Kota, RJ, IND, 324005

Website

https://www.ecareerpoint.com

Career Point Ltd is an Indian based company which provides education and hostel services. The service line of the company consists of pre-school, school education, test preparation, higher education, e-learning, and vocational education. It also provides education consultancy and management services for the administration of the school. The operating segments of the group are Education and Related Activities Division; Financing (NBFC) Division; Infra Division and Other Segment. It derives key revenue from the Financing (NBFC) Division. The Company derives the larger share of its revenue from Kota in Rajasthan and Northern part of India.

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