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Fedders Electric and Engineering (NSE:FEDDERELEC) Effective Interest Rate on Debt % : 13.01% (As of Mar. 2024)


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What is Fedders Electric and Engineering 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. Fedders Electric and Engineering's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹73 Mil. Fedders Electric and Engineering's average total debt for the quarter that ended in Mar. 2024 was ₹559 Mil. Therefore, Fedders Electric and Engineering's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 13.01%.


Fedders Electric and Engineering Effective Interest Rate on Debt % Historical Data

The historical data trend for Fedders Electric and Engineering'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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Fedders Electric and Engineering Effective Interest Rate on Debt % Chart

Fedders Electric and Engineering Annual Data
Trend Jun15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.05 0.28 0.03 0.98 9.67

Fedders Electric and Engineering 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.88 9.76 5.24 17.11 13.01

Competitive Comparison of Fedders Electric and Engineering's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Fedders Electric and Engineering'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.


Fedders Electric and Engineering's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

* The bar in red indicates where Fedders Electric and Engineering's Effective Interest Rate on Debt % falls into.



Fedders Electric and Engineering Effective Interest Rate on Debt % Calculation

Fedders Electric and Engineering'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  *  -42.5/( (319.7+559.4)/ 2 )
=-1  *  -42.5/439.55
=9.67 %

where

Fedders Electric and Engineering'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  *  -72.8/( (0+559.4)/ 1 )
=-1  *  -72.8/559.4
=13.01 %

where

* 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.

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.


Fedders Electric and Engineering  (NSE:FEDDERELEC) Effective Interest Rate on Debt % Explanation

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


Fedders Electric and Engineering Effective Interest Rate on Debt % Related Terms

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Fedders Electric and Engineering (NSE:FEDDERELEC) Business Description

Traded in Other Exchanges
N/A
Address
C-4, Noida Phase-II, Gautam Buddh Nagar, Noida, UP, IND, 201305
Fedders Electric and Engineering Ltd is engaged in the fabrication of steel structures and implementation of high power transmission lines in India and internationally. It operates through three segments: Environmental Control Systems, Steel Structures and Engineering, and Power Transmission and Distribution and Overhead Electrification. The company's products are classified into Transport Products Division and Railways, Defense and Telecom AC Products Division.

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