Deccan Cements (NSE:DECCANCE) Effective Interest Rate on Debt % : 2.23% (As of Sep. 2024)

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What is Deccan Cements 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. Deccan Cements's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ₹137 Mil. Deccan Cements's average total debt for the quarter that ended in Sep. 2024 was ₹6,112 Mil. Therefore, Deccan Cements's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 2.23%.

Deccan Cements Effective Interest Rate on Debt % Historical Data

The historical data trend for Deccan Cements'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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Deccan Cements Effective Interest Rate on Debt % Chart

Deccan Cements Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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8.37

6.93

7.07

5.41

2.80

Deccan Cements Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	3.37	1.41	2.32	2.23

Competitive Comparison of Deccan Cements's Effective Interest Rate on Debt %

For the Building Materials subindustry, Deccan Cements'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.

Deccan Cements's Effective Interest Rate on Debt % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Deccan Cements's Effective Interest Rate on Debt % distribution charts can be found below:

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

Deccan Cements Effective Interest Rate on Debt % Calculation

Deccan Cements'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 * -109.379	/	( (2621.198	+	5201.061)	/ 2 )
=	-1 * -109.379	/	3911.1295
=	2.80 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1552.723	+	1068.475
=	2621.198

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3849.43	+	1351.631
=	5201.061

Deccan Cements's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -136.508	/	( (0	+	6111.544)	/ 1 )
=	-1 * -136.508	/	6111.544
=	2.23 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4462.886	+	1648.658
=	6111.544

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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Deccan Cements (NSE:DECCANCE) Effective Interest Rate on Debt % Explanation

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

Deccan Cements Effective Interest Rate on Debt % Related Terms

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Deccan Cements Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Deccan Cements Ltd (NSE:DECCANCE) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

502137:India

Address

Deccan Chambers, 6-3-666/B, 6th Floor, Somajiguda, Hyderabad, TG, IND, 500082

Website

https://www.deccancements.com

Deccan Cements Ltd is engaged in the manufacturing and marketing of cement in India. In addition, it is also engaged in the generation of electricity. Its power division includes Thermal, Hydel, and Wind. The The company operates in a single product segment and the product is a generic one with small variations in the form of OPC, PPC, SRC etc.

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