Gayatri Rubbers and Chemicals (NSE:GRCL) Effective Interest Rate on Debt % : 6.76% (As of Mar. 2023)

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What is Gayatri Rubbers and Chemicals 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. Gayatri Rubbers and Chemicals's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was ₹1.9 Mil. Gayatri Rubbers and Chemicals's average total debt for the quarter that ended in Mar. 2023 was ₹28.8 Mil. Therefore, Gayatri Rubbers and Chemicals's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 6.76%.

Gayatri Rubbers and Chemicals Effective Interest Rate on Debt % Historical Data

The historical data trend for Gayatri Rubbers and Chemicals'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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Gayatri Rubbers and Chemicals Effective Interest Rate on Debt % Chart

Gayatri Rubbers and Chemicals Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

140.32

22.87

9.34

6.76

Gayatri Rubbers and Chemicals Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Effective Interest Rate on Debt %	140.32	22.87	9.34	6.76

Competitive Comparison of Gayatri Rubbers and Chemicals's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Gayatri Rubbers and Chemicals'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.

Gayatri Rubbers and Chemicals's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Gayatri Rubbers and Chemicals's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Gayatri Rubbers and Chemicals's Effective Interest Rate on Debt % falls into.

Gayatri Rubbers and Chemicals Effective Interest Rate on Debt % Calculation

Gayatri Rubbers and Chemicals'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 * -1.949	/	( (28.831	+	0)	/ 1 )
=	-1 * -1.949	/	28.831
=	6.76 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26.34	+	2.491
=	28.831

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

Gayatri Rubbers and Chemicals'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 * -1.949	/	( (28.831	+	0)	/ 1 )
=	-1 * -1.949	/	28.831
=	6.76 %

where

	Total Debt (Q: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26.34	+	2.491
=	28.831

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

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.

Gayatri Rubbers and Chemicals (NSE:GRCL) Effective Interest Rate on Debt % Explanation

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

Gayatri Rubbers and Chemicals Effective Interest Rate on Debt % Related Terms

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Gayatri Rubbers and Chemicals (NSE:GRCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gayatri Rubbers and Chemicals Ltd (NSE:GRCL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Malerna Road, Plot No. 11, Gali No. 3, Opposite Beri ka Bagh, Ballabgarh, Faridabad, HR, IND, 121004

Website

https://www.gayatrirubberchemicals.com

Gayatri Rubbers and Chemicals Ltd is engaged in manufacturing and trading rubber products. The company's product portfolio includes Aluminium rubber profiles, Automobile rubber profiles, Sponge rubber components, Clear PVC profiles, Industrial rubber, and Railway sector rubber. Geographically, the company operates within India.