Kitex Garments (NSE:KITEX) Effective Interest Rate on Debt % : 1.67% (As of Mar. 2024)

View and export this data going back to 2012. Start your Free Trial

What is Kitex Garments 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. Kitex Garments's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹114 Mil. Kitex Garments's average total debt for the quarter that ended in Mar. 2024 was ₹6,812 Mil. Therefore, Kitex Garments's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 1.67%.

Kitex Garments Effective Interest Rate on Debt % Historical Data

The historical data trend for Kitex Garments'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.

* Premium members only.

Kitex Garments Effective Interest Rate on Debt % Chart

Kitex Garments Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

7.18

2.15

4.12

9.12

2.08

Kitex Garments Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															1.36	13.60	2.05	2.21	1.67

Competitive Comparison of Kitex Garments's Effective Interest Rate on Debt %

For the Apparel Manufacturing subindustry, Kitex Garments'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.

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

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

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

Kitex Garments Effective Interest Rate on Debt % Calculation

Kitex Garments'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 * -73.319	/	( (250	+	6811.967)	/ 2 )
=	-1 * -73.319	/	3530.9835
=	2.08 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	250
=	250

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6046.748	+	765.219
=	6811.967

Kitex Garments'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 * -113.72	/	( (0	+	6811.967)	/ 1 )
=	-1 * -113.72	/	6811.967
=	1.67 %

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
=	6046.748	+	765.219
=	6811.967

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.

Kitex Garments (NSE:KITEX) Effective Interest Rate on Debt % Explanation

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

Kitex Garments Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Kitex Garments's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Kitex Garments (NSE:KITEX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

521248:India

Address

P.B. No. 5, Kizhakkambalam, Building No. 9/536 A, Aluva, Ernakulam, Kochi, KL, IND, 683562

Website

https://www.kitexgarments.com

Kitex Garments Ltd manufactures cotton garments and fabrics. Garments account for the company's revenue and focus on infant wear such as body suits, sleepwear, rompers, burps, bibs, and training pants. Kitex manufactures the products for companies such as Carters, Gerber, Mothercare, Jockey, Children's Place, Kohl's, and Toys R. The company also owns the Little Star brand and licenses the Lamaze brand for distribution in the United States and Canada. Kitex exports almost all the garments it produces, which it manufactures in India, to the United States and Europe.

Kitex Garments (NSE:KITEX) Headlines

No Headlines