De Neers Tools (NSE:DENEERS) Effective Interest Rate on Debt % : 4.18% (As of Mar. 2022)

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What is De Neers Tools 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. De Neers Tools's annualized positive value of Interest Expense for the quarter that ended in Mar. 2022 was ₹12.1 Mil. De Neers Tools's average total debt for the quarter that ended in Mar. 2022 was ₹290.7 Mil. Therefore, De Neers Tools's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2022 was 4.18%.

De Neers Tools Effective Interest Rate on Debt % Historical Data

The historical data trend for De Neers Tools'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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De Neers Tools Effective Interest Rate on Debt % Chart

De Neers Tools Annual Data

Trend

Mar20

Mar21

Mar22

Effective Interest Rate on Debt %

11.73

10.17

4.18

De Neers Tools Semi-Annual Data
	Mar20	Mar21	Mar22
Effective Interest Rate on Debt %	11.73	10.17	4.18

Competitive Comparison of De Neers Tools's Effective Interest Rate on Debt %

For the Tools & Accessories subindustry, De Neers Tools'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.

De Neers Tools's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, De Neers Tools's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where De Neers Tools's Effective Interest Rate on Debt % falls into.

De Neers Tools Effective Interest Rate on Debt % Calculation

De Neers Tools's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2021 )	+	Total Debt (A: Mar. 2022 ))	/ count )
=	-1 * -12.142	/	( (216.989	+	364.426)	/ 2 )
=	-1 * -12.142	/	290.7075
=	4.18 %

where

	Total Debt (A: Mar. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	114.784	+	102.205
=	216.989

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	243.585	+	120.841
=	364.426

De Neers Tools's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2021 )	+	Total Debt (Q: Mar. 2022 ))	/ count )
=	-1 * -12.142	/	( (216.989	+	364.426)	/ 2 )
=	-1 * -12.142	/	290.7075
=	4.18 %

where

	Total Debt (Q: Mar. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	114.784	+	102.205
=	216.989

	Total Debt (Q: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	243.585	+	120.841
=	364.426

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 one times the annual (Mar. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

De Neers Tools (NSE:DENEERS) Effective Interest Rate on Debt % Explanation

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

De Neers Tools Effective Interest Rate on Debt % Related Terms

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De Neers Tools (NSE:DENEERS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » De Neers Tools Ltd (NSE:DENEERS) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Plot No. 468, Ground Floor, Industrial Area, Patparganj, Delhi, IND, 110092

Website

https://www.deneerstools.com

De Neers Tools Ltd is a hand tools suppliers in India. The company aims to provide hand tools of the utmost quality that are worth Its customers' money. It continuously works on innovation and research to develop products that can bring a kind of revolution in the hand tool industry. Its products includes Spanners, Wrenches, Pliers, Cutters, Allen keys, Hammers, sockets, Screw Drivers, Tool Kits, Tool Cabinets, Trolleys, etc. It is also specialized in providing Safety Tools like Non-Sparking Tools, Insulated Steel Tools, Non-Sparking Insulated Tools, Stainless Steel Anti-magnetic Tools, and Titanium Tools, with other range of hand tools. The company is predominantly engaged in wholesale trading of hardware & tools which constitutes a single business segment.

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