Karnika Industries (NSE:KARNIKA) Effective Interest Rate on Debt % : 13.51% (As of Mar. 2023)

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What is Karnika Industries 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. Karnika Industries's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was ₹50 Mil. Karnika Industries's average total debt for the quarter that ended in Mar. 2023 was ₹373 Mil. Therefore, Karnika Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 13.51%.

Karnika Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for Karnika Industries'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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Karnika Industries Effective Interest Rate on Debt % Chart

Karnika Industries Annual Data

Trend

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

6.55

11.72

13.51

Karnika Industries Semi-Annual Data
	Mar21	Mar22	Mar23
Effective Interest Rate on Debt %	6.55	11.72	13.51

Competitive Comparison of Karnika Industries's Effective Interest Rate on Debt %

For the Apparel Manufacturing subindustry, Karnika Industries'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.

Karnika Industries's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Karnika Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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

Karnika Industries Effective Interest Rate on Debt % Calculation

Karnika Industries's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -50.45	/	( (222.413	+	524.553)	/ 2 )
=	-1 * -50.45	/	373.483
=	13.51 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.833	+	221.58
=	222.413

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.433	+	524.12
=	524.553

Karnika Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -50.45	/	( (222.413	+	524.553)	/ 2 )
=	-1 * -50.45	/	373.483
=	13.51 %

where

	Total Debt (Q: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.833	+	221.58
=	222.413

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.433	+	524.12
=	524.553

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Karnika Industries (NSE:KARNIKA) Effective Interest Rate on Debt % Explanation

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

Karnika Industries Effective Interest Rate on Debt % Related Terms

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Karnika Industries (NSE:KARNIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Karnika Industries Ltd (NSE:KARNIKA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gurgola Ghat Road P.O. Salkia Howrah, 6&6/1, Kolkata, WB, IND, 711106

Website

http://www.karnikaindustries.com

Karnika Industries Ltd is an ISO 14001:2015 certified manufacturer through job work, trader and exporter of garments. It manufactures all types of kids wear through job work, i.e., shorts, joggers, capri, tees, rompers, sleepsuits, pyjamas, winter wear, infant wear, etc. It has constructed well-established manufacturing units for designing, preparation of the sample, quality inspection, ironing and packing of Garments that are equipped with all the necessary hi-tech machines and tools that are required for a modern manufacturing unit.

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