Destiny Logistics & Infra (NSE:DESTINY) Effective Interest Rate on Debt % : 13.18% (As of Mar. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Destiny Logistics & Infra 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. Destiny Logistics & Infra's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was ₹2.5 Mil. Destiny Logistics & Infra's average total debt for the quarter that ended in Mar. 2023 was ₹19.1 Mil. Therefore, Destiny Logistics & Infra's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 13.18%.

Destiny Logistics & Infra Effective Interest Rate on Debt % Historical Data

The historical data trend for Destiny Logistics & Infra'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.

* Premium members only.

Destiny Logistics & Infra Effective Interest Rate on Debt % Chart

Destiny Logistics & Infra Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

11.13

11.18

5.77

3.61

13.18

Destiny Logistics & Infra Semi-Annual Data
	Mar19	Mar20	Mar21	Mar22	Mar23
Effective Interest Rate on Debt %	11.13	11.18	5.77	3.61	13.18

Competitive Comparison of Destiny Logistics & Infra's Effective Interest Rate on Debt %

For the Trucking subindustry, Destiny Logistics & Infra'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.

Destiny Logistics & Infra's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Destiny Logistics & Infra's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Destiny Logistics & Infra's Effective Interest Rate on Debt % falls into.

Destiny Logistics & Infra Effective Interest Rate on Debt % Calculation

Destiny Logistics & Infra's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -2.515	/	( (19.941	+	18.22)	/ 2 )
=	-1 * -2.515	/	19.0805
=	13.18 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.092	+	17.849
=	19.941

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.214	+	10.006
=	18.22

Destiny Logistics & Infra's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -2.515	/	( (19.941	+	18.22)	/ 2 )
=	-1 * -2.515	/	19.0805
=	13.18 %

where

	Total Debt (Q: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.092	+	17.849
=	19.941

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.214	+	10.006
=	18.22

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Destiny Logistics & Infra (NSE:DESTINY) Effective Interest Rate on Debt % Explanation

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

Destiny Logistics & Infra Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Destiny Logistics & Infra's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Destiny Logistics & Infra Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Destiny Logistics & Infra Ltd (NSE:DESTINY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

ECO Centre, Block - EM-4 Sector- V, Unit No. 708, 7th Floor, Salt Lake, Kolkata, WB, IND, 700091

Website

https://www.destinyinfra.in

Destiny Logistics & Infra Ltd provide logistics, manpower and infrastructural services. It offers land-based transportation through third-party service providers. It provides a wide range of services such as packaging, loading, transportation, unloading, and unpacking of items to offer end-to-end solutions. The company's operations are concentrated in the domestic market, particularly, in the state of West Bengal. The company operates in Transport and Construction services, out of which the majority is from the Construction services.

Destiny Logistics & Infra Headlines

No Headlines