Kotyark Industries (NSE:KOTYARK) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)

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What is Kotyark 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. Kotyark Industries's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹0.0 Mil. Kotyark Industries's average total debt for the quarter that ended in Mar. 2024 was ₹520.1 Mil. Therefore, Kotyark Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.

Kotyark Industries Effective Interest Rate on Debt % Historical Data

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

Kotyark Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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5.75

4.82

5.13

38.15

16.03

Kotyark Industries Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jul21	Dec21	Mar22	Sep22	Dec22	Mar23	Sep23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial							-	10.46	67.31	-	-

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

For the Utilities - Renewable subindustry, Kotyark 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.

Kotyark Industries's Effective Interest Rate on Debt % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Kotyark Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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

Kotyark Industries Effective Interest Rate on Debt % Calculation

Kotyark Industries'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 * -65.507	/	( (136.563	+	680.9)	/ 2 )
=	-1 * -65.507	/	408.7315
=	16.03 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	104.322	+	32.241
=	136.563

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	305.312	+	375.588
=	680.9

Kotyark Industries'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: Sep. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * 0	/	( (359.242	+	680.9)	/ 2 )
=	-1 * 0	/	520.071
=	0.00 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	138.377	+	220.865
=	359.242

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	305.312	+	375.588
=	680.9

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.

Kotyark Industries (NSE:KOTYARK) Effective Interest Rate on Debt % Explanation

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

Kotyark Industries Effective Interest Rate on Debt % Related Terms

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Kotyark Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Kotyark Industries Ltd (NSE:KOTYARK) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Ramakaka Temple Road, A-3, 2nd Floor, Shree Ganesh Nagar, Housing Society, Chhani, Vadodara, GJ, IND, 391740

Website

https://www.kotyark.com

Kotyark Industries Ltd is engaged in the manufacturing of Biofuels. The company is focused on renewable green energy and sustainable development of renewable natural resources through the adoption of environmentally friendly technology in vehicles for public and private transport.

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