Indian Phosphate (NSE:IPHL) Effective Interest Rate on Debt % : 10.91% (As of Sep. 2024)

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What is Indian Phosphate 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. Indian Phosphate's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ₹77 Mil. Indian Phosphate's average total debt for the quarter that ended in Sep. 2024 was ₹705 Mil. Therefore, Indian Phosphate's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 10.91%.

Indian Phosphate Effective Interest Rate on Debt % Historical Data

The historical data trend for Indian Phosphate'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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Indian Phosphate Effective Interest Rate on Debt % Chart

Indian Phosphate Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

31.10

19.55

17.59

8.36

Indian Phosphate Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24	Sep24
Effective Interest Rate on Debt %	-	-	-	-	10.91

Competitive Comparison of Indian Phosphate's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Indian Phosphate'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.

Indian Phosphate's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

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

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

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Indian Phosphate Effective Interest Rate on Debt % Calculation

Indian Phosphate'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 * -43.232	/	( (153.548	+	880.372)	/ 2 )
=	-1 * -43.232	/	516.96
=	8.36 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	31.7	+	121.848
=	153.548

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	179.012	+	701.36
=	880.372

Indian Phosphate's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -76.922	/	( (880.372	+	530.054)	/ 2 )
=	-1 * -76.922	/	705.213
=	10.91 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	179.012	+	701.36
=	880.372

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	166.267	+	363.787
=	530.054

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

Indian Phosphate (NSE:IPHL) Effective Interest Rate on Debt % Explanation

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

Indian Phosphate Effective Interest Rate on Debt % Related Terms

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Indian Phosphate Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Indian Phosphate Ltd (NSE:IPHL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot 638, Sector-11, Girwa, Udaipur, RJ, IND, 313001

Website

https://www.indianphosphate.com

Indian Phosphate Ltd is involved in the production of Linear Alkylbenzene Sulphonic Acid (LABSA) 90%, an anionic surfactant used in the formulation of various detergent products such as powders, cakes, toilet cleaners, and liquid detergents. The company is also involved in manufacturing Single Super Phosphate (SSP) fertilizer and Granules Single Super Phosphate (GSSP).

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