Greenchef Appliances (NSE:GREENCHEF) Effective Interest Rate on Debt % : 5.58% (As of Mar. 2024)

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What is Greenchef Appliances 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. Greenchef Appliances's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹52 Mil. Greenchef Appliances's average total debt for the quarter that ended in Mar. 2024 was ₹934 Mil. Therefore, Greenchef Appliances's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.58%.

Greenchef Appliances Effective Interest Rate on Debt % Historical Data

The historical data trend for Greenchef Appliances'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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Greenchef Appliances Effective Interest Rate on Debt % Chart

Greenchef Appliances Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

10.89

7.66

8.22

7.23

5.58

Greenchef Appliances Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Effective Interest Rate on Debt %	10.89	7.66	8.22	7.23	5.58

Competitive Comparison of Greenchef Appliances's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, Greenchef Appliances'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.

Greenchef Appliances's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Greenchef Appliances's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Greenchef Appliances Effective Interest Rate on Debt % Calculation

Greenchef Appliances'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 * -52.1	/	( (658.4	+	1209.7)	/ 2 )
=	-1 * -52.1	/	934.05
=	5.58 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	272.4	+	386
=	658.4

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	251.6	+	958.1
=	1209.7

Greenchef Appliances'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 * -52.1	/	( (658.4	+	1209.7)	/ 2 )
=	-1 * -52.1	/	934.05
=	5.58 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	272.4	+	386
=	658.4

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	251.6	+	958.1
=	1209.7

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.

Greenchef Appliances (NSE:GREENCHEF) Effective Interest Rate on Debt % Explanation

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

Greenchef Appliances Effective Interest Rate on Debt % Related Terms

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Greenchef Appliances Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Greenchef Appliances Ltd (NSE:GREENCHEF) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Niduvanda Village, Sompura Hobli, Plot No. 246, Sompura 1st Stage, Sy No. 133 & 141, Nelemangala Taluk Devarahosahalli Nelamangala, Bengaluru, KA, IND, 562111

Website

https://www.greenchef.in

Greenchef Appliances Ltd is engaged in the business of manufacturing and marketing a wide range of kitchen appliances under the brand name Greenchef. The kitchen appliances of the company include a wide range of solutions comprising Gas Stoves, Pressure Cookers, Mixer Grinders, Wet Grinders, Electric Rice Cooker, Induction Cooktops, Non-stick Cookwares like Tawa, Fry Pans, Kadai, Biriyani Pot, Tadka Pan, Paniyarakkal, Appamchetty, etc, Kettles, Hose Pipes, Gas Cylinder Trolley and others. The products of the company are offered at different pricing points to meet diverse customer requirements.

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