Durlax Top Surface (NSE:DURLAX) Effective Interest Rate on Debt % : 8.20% (As of Mar. 2023)

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What is Durlax Top Surface 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. Durlax Top Surface's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was ₹31.2 Mil. Durlax Top Surface's average total debt for the quarter that ended in Mar. 2023 was ₹381.0 Mil. Therefore, Durlax Top Surface's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 8.20%.

Durlax Top Surface Effective Interest Rate on Debt % Historical Data

The historical data trend for Durlax Top Surface'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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Durlax Top Surface Effective Interest Rate on Debt % Chart

Durlax Top Surface Annual Data

Trend

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

6.36

7.53

8.20

Durlax Top Surface Semi-Annual Data
	Mar21	Mar22	Mar23
Effective Interest Rate on Debt %	6.36	7.53	8.20

Competitive Comparison of Durlax Top Surface's Effective Interest Rate on Debt %

For the Building Materials subindustry, Durlax Top Surface'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.

Durlax Top Surface's Effective Interest Rate on Debt % Distribution in the Building Materials Industry

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

* The bar in red indicates where Durlax Top Surface's Effective Interest Rate on Debt % falls into.

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Durlax Top Surface Effective Interest Rate on Debt % Calculation

Durlax Top Surface'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 * -31.237	/	( (392.983	+	369.093)	/ 2 )
=	-1 * -31.237	/	381.038
=	8.20 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	193.763	+	199.22
=	392.983

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	173.291	+	195.802
=	369.093

Durlax Top Surface'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 * -31.237	/	( (392.983	+	369.093)	/ 2 )
=	-1 * -31.237	/	381.038
=	8.20 %

where

	Total Debt (Q: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	193.763	+	199.22
=	392.983

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	173.291	+	195.802
=	369.093

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.

Durlax Top Surface (NSE:DURLAX) Effective Interest Rate on Debt % Explanation

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

Durlax Top Surface Effective Interest Rate on Debt % Related Terms

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Durlax Top Surface Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Durlax Top Surface Ltd (NSE:DURLAX) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Off Vishweshwar Nagar Road, Unit No. 1601, 16th Floor, Synergy Business Park, Premises Co-op Society Ltd, Behind Virwani Industrial Estate, Sahakarwadi, Goregaon (E), Mumbai, MH, IND, 400 063

Website

https://www.durlax.com

Durlax Top Surface Ltd is engaged in the business of manufacturing solid surface material in India. The company operates through two brands namely LUXOR and ASPIRON, that provide a wide range of solid surfaces. LUXOR brand offers Acrylic UV Solid Surfaces, while ASPIRON offers Modified Solid Surfaces.

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