JK Lakshmi Cement (NSE:JKLAKSHMI) Effective Interest Rate on Debt % : 8.56% (As of Mar. 2024)

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What is JK Lakshmi Cement 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. JK Lakshmi Cement's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹1,785 Mil. JK Lakshmi Cement's average total debt for the quarter that ended in Mar. 2024 was ₹20,840 Mil. Therefore, JK Lakshmi Cement's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.56%.

JK Lakshmi Cement Effective Interest Rate on Debt % Historical Data

The historical data trend for JK Lakshmi Cement'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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JK Lakshmi Cement Effective Interest Rate on Debt % Chart

JK Lakshmi Cement Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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10.76

10.26

7.99

7.08

7.59

JK Lakshmi Cement Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.60	6.11	6.89	7.74	8.56

Competitive Comparison of JK Lakshmi Cement's Effective Interest Rate on Debt %

For the Building Materials subindustry, JK Lakshmi Cement'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.

JK Lakshmi Cement's Effective Interest Rate on Debt % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, JK Lakshmi Cement's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where JK Lakshmi Cement's Effective Interest Rate on Debt % falls into.

JK Lakshmi Cement Effective Interest Rate on Debt % Calculation

JK Lakshmi Cement'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 * -1504.3	/	( (18797.3	+	20840.2)	/ 2 )
=	-1 * -1504.3	/	19818.75
=	7.59 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15528.3	+	3269
=	18797.3

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16118.8	+	4721.4
=	20840.2

JK Lakshmi Cement'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: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -1784.8	/	( (0	+	20840.2)	/ 1 )
=	-1 * -1784.8	/	20840.2
=	8.56 %

where

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

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16118.8	+	4721.4
=	20840.2

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

JK Lakshmi Cement (NSE:JKLAKSHMI) Effective Interest Rate on Debt % Explanation

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

JK Lakshmi Cement Effective Interest Rate on Debt % Related Terms

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JK Lakshmi Cement (NSE:JKLAKSHMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » JK Lakshmi Cement Ltd (NSE:JKLAKSHMI) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

500380:India

Address

4, Bahadur Shah Zafar Marg, Nehru House, New Delhi, IND, 110002

Website

https://www.jklakshmicement.com

JK Lakshmi Cement Ltd is a building materials holdings company. The company manufacturers multiple types of cement and cement-related products. JK Lakshmi also manufactures Plaster of Paris (POP), autoclavet aerated concrete block, and JK Lakshmi Pro+, the firm's flagship cement product. JK Lakshmi also produces three various types of concrete, including two types of common grey cement, labeled 53 Grade ordinary Portland cement (OPC) and 43 Grade OPC. The third type is Portland Pozzolana Cement (PPC) (Blended), which is created to prevent cracking. The company generates the vast majority of its revenue in India.

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