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Lexus Granito (India) (NSE:LEXUS) Effective Interest Rate on Debt % : 7.07% (As of Sep. 2023)


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What is Lexus Granito (India) 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. Lexus Granito (India)'s annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ₹49 Mil. Lexus Granito (India)'s average total debt for the quarter that ended in Sep. 2023 was ₹687 Mil. Therefore, Lexus Granito (India)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 7.07%.


Lexus Granito (India) Effective Interest Rate on Debt % Historical Data

The historical data trend for Lexus Granito (India)'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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Lexus Granito (India) Effective Interest Rate on Debt % Chart

Lexus Granito (India) Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.63 11.05 8.24 8.42 6.31

Lexus Granito (India) Semi-Annual Data
Mar13 Mar14 Mar15 Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.11 10.13 5.48 6.56 7.07

Competitive Comparison of Lexus Granito (India)'s Effective Interest Rate on Debt %

For the Building Products & Equipment subindustry, Lexus Granito (India)'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.


Lexus Granito (India)'s Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Lexus Granito (India)'s Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Lexus Granito (India)'s Effective Interest Rate on Debt % falls into.



Lexus Granito (India) Effective Interest Rate on Debt % Calculation

Lexus Granito (India)'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  *  -40.61/( (592.728+694.218)/ 2 )
=-1  *  -40.61/643.473
=6.31 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=260.524 + 332.204
=592.728

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=398.101 + 296.117
=694.218

Lexus Granito (India)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -48.586/( (694.218+679.634)/ 2 )
=-1  *  -48.586/686.926
=7.07 %

where

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=398.101 + 296.117
=694.218

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=430.093 + 249.541
=679.634

* 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.

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


Lexus Granito (India)  (NSE:LEXUS) Effective Interest Rate on Debt % Explanation

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


Lexus Granito (India) Effective Interest Rate on Debt % Related Terms

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Lexus Granito (India) (NSE:LEXUS) Business Description

Traded in Other Exchanges
N/A
Address
Lakhdhripur Road, National Highway 8A, Opposite Lakhdhripur Village, Survey No. 800, Taluka Morbi, Rajkot, GJ, IND, 363642
Lexus Granito (India) Ltd operates in the Ceramic industry. The company is a manufacturer & supplier of Polished Glazed Vitrified Tiles, Glazed Vitrified Tiles and digital wall tiles.

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