Forge Auto International (NSE:FORGEAUTO) Effective Interest Rate on Debt % : 9.48% (As of Mar. 2024)

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What is Forge Auto International 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. Forge Auto International's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹36 Mil. Forge Auto International's average total debt for the quarter that ended in Mar. 2024 was ₹382 Mil. Therefore, Forge Auto International's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 9.48%.

Forge Auto International Effective Interest Rate on Debt % Historical Data

The historical data trend for Forge Auto International'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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Forge Auto International Effective Interest Rate on Debt % Chart

Forge Auto International Annual Data

Trend

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

10.55

11.32

9.48

Forge Auto International Semi-Annual Data
	Mar22	Mar23	Mar24
Effective Interest Rate on Debt %	10.55	11.32	9.48

Competitive Comparison of Forge Auto International's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Forge Auto International'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.

Forge Auto International's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Forge Auto International's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Forge Auto International's Effective Interest Rate on Debt % falls into.

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Forge Auto International Effective Interest Rate on Debt % Calculation

Forge Auto International'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 * -36.254	/	( (318.269	+	446.705)	/ 2 )
=	-1 * -36.254	/	382.487
=	9.48 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	48.905	+	269.364
=	318.269

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	179.926	+	266.779
=	446.705

Forge Auto International'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: Mar. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -36.254	/	( (318.269	+	446.705)	/ 2 )
=	-1 * -36.254	/	382.487
=	9.48 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	48.905	+	269.364
=	318.269

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	179.926	+	266.779
=	446.705

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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Forge Auto International (NSE:FORGEAUTO) Effective Interest Rate on Debt % Explanation

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

Forge Auto International Effective Interest Rate on Debt % Related Terms

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Forge Auto International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Forge Auto International Ltd (NSE:FORGEAUTO) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Machhiwara Road, Village Mangarh, Kohara, Ludhiana, PB, IND, 141001

Website

https://www.failtd.com

Forge Auto International Ltd is an engineering company engaged in forging and manufacturing of complex and safety-critical, forged and precision machined components such as big rings, small rings, big ball studs, gear blank with a broach, stub axle assembly, flange yoke 325 HS, catering to different industry sectors like auto industry including automobiles, tractors, railways etc. and non-auto sectors like agriculture parts, hydraulic parts, striking tools etc. It serves its customers comprising of domestic and global original equipment manufacturers (OEMs) engaged in manufacturing for both the automotive sector and other nonautomotive sector, used across industries by a diversified base of customers.

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