Lead Reclaim and Rubber Products (NSE:LRRPL) Effective Interest Rate on Debt % : 12.84% (As of Sep. 2023)

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What is Lead Reclaim and Rubber Products 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. Lead Reclaim and Rubber Products's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ₹4.20 Mil. Lead Reclaim and Rubber Products's average total debt for the quarter that ended in Sep. 2023 was ₹32.70 Mil. Therefore, Lead Reclaim and Rubber Products's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 12.84%.

Lead Reclaim and Rubber Products Effective Interest Rate on Debt % Historical Data

The historical data trend for Lead Reclaim and Rubber Products'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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Lead Reclaim and Rubber Products Effective Interest Rate on Debt % Chart

Lead Reclaim and Rubber Products Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

7.71

8.23

6.33

8.97

Lead Reclaim and Rubber Products Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	-	7.40	10.42	12.84

Competitive Comparison of Lead Reclaim and Rubber Products's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Lead Reclaim and Rubber Products'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.

Lead Reclaim and Rubber Products's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Lead Reclaim and Rubber Products's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Lead Reclaim and Rubber Products's Effective Interest Rate on Debt % falls into.

Lead Reclaim and Rubber Products Effective Interest Rate on Debt % Calculation

Lead Reclaim and Rubber Products'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 * -2.4	/	( (26.9	+	26.6)	/ 2 )
=	-1 * -2.4	/	26.75
=	8.97 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.3	+	26.6
=	26.9

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.6	+	25
=	26.6

Lead Reclaim and Rubber Products'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 * -4.2	/	( (26.6	+	38.8)	/ 2 )
=	-1 * -4.2	/	32.7
=	12.84 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.6	+	25
=	26.6

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.8	+	30
=	38.8

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.

Lead Reclaim and Rubber Products (NSE:LRRPL) Effective Interest Rate on Debt % Explanation

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

Lead Reclaim and Rubber Products Effective Interest Rate on Debt % Related Terms

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Lead Reclaim and Rubber Products (NSE:LRRPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lead Reclaim and Rubber Products Ltd (NSE:LRRPL) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

856/4 Village Pethai Sarali Road, Kheda, GJ, IND, 387630

Website

https://www.leadreclaim.com

Lead Reclaim and Rubber Products Ltd manufactures premium-quality reclaimed rubber, crumb rubber, and rubber granule.

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