Finolex Cables (NSE:FINCABLES) Effective Interest Rate on Debt % : 19.49% (As of Mar. 2024)

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What is Finolex Cables 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. Finolex Cables's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹35 Mil. Finolex Cables's average total debt for the quarter that ended in Mar. 2024 was ₹181 Mil. Therefore, Finolex Cables's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 19.49%.

Finolex Cables Effective Interest Rate on Debt % Historical Data

The historical data trend for Finolex Cables'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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Finolex Cables Effective Interest Rate on Debt % Chart

Finolex Cables Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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36.51

10.38

19.63

11.07

12.82

Finolex Cables 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															24.98	8.52	9.20	8.78	19.49

Competitive Comparison of Finolex Cables's Effective Interest Rate on Debt %

For the Electrical Equipment & Parts subindustry, Finolex Cables'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.

Finolex Cables's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

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

Finolex Cables Effective Interest Rate on Debt % Calculation

Finolex Cables'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 * -20.3	/	( (136.1	+	180.6)	/ 2 )
=	-1 * -20.3	/	158.35
=	12.82 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	100.4	+	35.7
=	136.1

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	146	+	34.6
=	180.6

Finolex Cables'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 * -35.2	/	( (0	+	180.6)	/ 1 )
=	-1 * -35.2	/	180.6
=	19.49 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	146	+	34.6
=	180.6

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.

Finolex Cables (NSE:FINCABLES) Effective Interest Rate on Debt % Explanation

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

Finolex Cables Effective Interest Rate on Debt % Related Terms

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Finolex Cables (NSE:FINCABLES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Finolex Cables Ltd (NSE:FINCABLES) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

500144:India

Address

26-27 Mumbai-Pune Road, Pimpri, Pune, MH, IND, 411018

Website

https://finolex.com

Finolex Cables Ltd is an electronic components company. The operating segments of the group are Electrical cables, Communication cables, Copper rods and Others - Trading of Electrical and other goods. It derives a majority of revenue from the Electrical cables segment. The group offers products like Wires and cables, Optical fibre cables, Switches, LED lightings, Fans, MCB, Water heater and other products. Geographically the business presence of the firm can be seen in the Indian and International market.

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