Laxmi Goldorna House (NSE:LGHL) Effective Interest Rate on Debt % : 11.97% (As of Sep. 2024)

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What is Laxmi Goldorna House 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. Laxmi Goldorna House's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ₹86 Mil. Laxmi Goldorna House's average total debt for the quarter that ended in Sep. 2024 was ₹721 Mil. Therefore, Laxmi Goldorna House's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 11.97%.

Laxmi Goldorna House Effective Interest Rate on Debt % Historical Data

The historical data trend for Laxmi Goldorna House'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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Laxmi Goldorna House Effective Interest Rate on Debt % Chart

Laxmi Goldorna House Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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6.29

10.25

3.94

6.90

10.02

Laxmi Goldorna House Quarterly Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial										-	-	25.62	14.12	11.97

Competitive Comparison of Laxmi Goldorna House's Effective Interest Rate on Debt %

For the Luxury Goods subindustry, Laxmi Goldorna House'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.

Laxmi Goldorna House's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Laxmi Goldorna House's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Laxmi Goldorna House's Effective Interest Rate on Debt % falls into.

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Laxmi Goldorna House Effective Interest Rate on Debt % Calculation

Laxmi Goldorna House'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 * -42.322	/	( (317.294	+	527.791)	/ 2 )
=	-1 * -42.322	/	422.5425
=	10.02 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	44.411	+	272.883
=	317.294

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	423.585	+	104.206
=	527.791

Laxmi Goldorna House's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -86.356	/	( (0	+	721.239)	/ 1 )
=	-1 * -86.356	/	721.239
=	11.97 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	610.531	+	110.708
=	721.239

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

Laxmi Goldorna House (NSE:LGHL) Effective Interest Rate on Debt % Explanation

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

Laxmi Goldorna House Effective Interest Rate on Debt % Related Terms

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Laxmi Goldorna House Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Laxmi Goldorna House Ltd (NSE:LGHL) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

M. G. Haveli Road, Laxmi House, Opposite Bandharano Khancho, Manekchowk, Ahmedabad, GJ, IND, 380001

Website

http://laxmilifestyle.co.in

Laxmi Goldorna House Ltd is engaged in manufacturing and trading business of branded gold jewellery and ornaments. Its collection of manufactured product includes gold jewellery with or without studded precious and semi-precious stones. It is also engaged in the real estate business that includes the construction of commercial and residential projects.