Ice Make Refrigeration (NSE:ICEMAKE) Effective Interest Rate on Debt % : 7.57% (As of Mar. 2025)

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What is Ice Make Refrigeration 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. Ice Make Refrigeration's annualized positive value of Interest Expense for the quarter that ended in Mar. 2025 was ₹65 Mil. Ice Make Refrigeration's average total debt for the quarter that ended in Mar. 2025 was ₹859 Mil. Therefore, Ice Make Refrigeration's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 was 7.57%.

Ice Make Refrigeration Effective Interest Rate on Debt % Historical Data

The historical data trend for Ice Make Refrigeration'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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Ice Make Refrigeration Effective Interest Rate on Debt % Chart

Ice Make Refrigeration Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Effective Interest Rate on Debt %

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13.14

12.93

10.92

13.17

7.28

Ice Make Refrigeration Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.70	6.53	4.43	5.64	7.57

Competitive Comparison of Ice Make Refrigeration's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Ice Make Refrigeration'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.

Ice Make Refrigeration's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

* The bar in red indicates where Ice Make Refrigeration's Effective Interest Rate on Debt % falls into.

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Ice Make Refrigeration Effective Interest Rate on Debt % Calculation

Ice Make Refrigeration's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2024 )	+	Total Debt (A: Mar. 2025 ))	/ count )
=	-1 * -41.195	/	( (272.492	+	859.345)	/ 2 )
=	-1 * -41.195	/	565.9185
=	7.28 %

where

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	251.239	+	21.253
=	272.492

	Total Debt (A: Mar. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	514.724	+	344.621
=	859.345

Ice Make Refrigeration's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2024 )	+	Total Debt (Q: Mar. 2025 ))	/ count )
=	-1 * -65.052	/	( (0	+	859.345)	/ 1 )
=	-1 * -65.052	/	859.345
=	7.57 %

where

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Mar. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	514.724	+	344.621
=	859.345

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. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Ice Make Refrigeration (NSE:ICEMAKE) Effective Interest Rate on Debt % Explanation

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

Ice Make Refrigeration Effective Interest Rate on Debt % Related Terms

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Ice Make Refrigeration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ice Make Refrigeration Ltd (NSE:ICEMAKE) » Definitions » Effective Interest Rate on Debt %

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Address

226, Gota-Vadsar Road, Dantali Industrial Estate, Taluka Kalol, Dantali, Near Ahmedabad City, Gandhinagar, GJ, IND, 382721

Website

https://www.icemakeindia.com

Ice Make Refrigeration Ltd is a refrigeration equipment manufacturer, engaged in providing cooling solutions. The company's only operating segment being the Manufacturing of Cold Rooms, Freezer, Refrigeration Systems, and chilling Plant. It serves dairy, ice cream, food processing, agriculture, pharmaceuticals, cold chain, logistics, hospitals, hospitality, retail, and other industries. Its product offering includes Bulk Milk Chiller, Curd Incubation Chamber, Glass Door Display Chiller, Mortuary Chamber, Refrigerated Container, and other related products.

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