Globesecure Technologies (NSE:GSTL) Effective Interest Rate on Debt % : 10.14% (As of Mar. 2024)

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What is Globesecure Technologies 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. Globesecure Technologies's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹10.4 Mil. Globesecure Technologies's average total debt for the quarter that ended in Mar. 2024 was ₹102.9 Mil. Therefore, Globesecure Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 10.14%.

Globesecure Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Globesecure Technologies'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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Globesecure Technologies Effective Interest Rate on Debt % Chart

Globesecure Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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51.33

15.34

8.47

8.57

11.71

Globesecure Technologies Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				6.79	9.41	6.17	9.43	10.14

Competitive Comparison of Globesecure Technologies's Effective Interest Rate on Debt %

For the Software - Infrastructure subindustry, Globesecure Technologies'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.

Globesecure Technologies's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Globesecure Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

Globesecure Technologies Effective Interest Rate on Debt % Calculation

Globesecure Technologies'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 * -9.594	/	( (71.769	+	92.127)	/ 2 )
=	-1 * -9.594	/	81.948
=	11.71 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.135	+	52.634
=	71.769

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26.847	+	65.28
=	92.127

Globesecure Technologies'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: Sep. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -10.44	/	( (113.747	+	92.127)	/ 2 )
=	-1 * -10.44	/	102.937
=	10.14 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	32.403	+	81.344
=	113.747

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26.847	+	65.28
=	92.127

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 two times the semi-annual (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Globesecure Technologies (NSE:GSTL) Effective Interest Rate on Debt % Explanation

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

Globesecure Technologies Effective Interest Rate on Debt % Related Terms

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Globesecure Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Globesecure Technologies Ltd (NSE:GSTL) » Definitions » Effective Interest Rate on Debt %

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Address

B-614, 215 Atrium, Kanakia Spacs, Near Courtyard Marriott Hotel, Andheri (East), Mumbai, MH, IND, 400069

Website

https://www.globesecure.in

Globesecure Technologies Ltd is a digital transformation company in India that offers cyber security services. The company's business line is classified into three divisions namely Cyber Security, Integrated Enterprise Solutions, and Managed Services including cyber forensics, cyber security, data security services, protection of computer networks, Email security, server consolidation and transformation, hosting, infrastructure-as-a-service, cloud-based big data and analytics solution, application modernization and others. The company generates its revenue from Sales of IT and IT-enabled services.

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