Magson Retail and Distribution (NSE:MAGSON) Effective Interest Rate on Debt % : 33.67% (As of Sep. 2023)

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What is Magson Retail and Distribution 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. Magson Retail and Distribution's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ₹7.7 Mil. Magson Retail and Distribution's average total debt for the quarter that ended in Sep. 2023 was ₹22.7 Mil. Therefore, Magson Retail and Distribution's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 33.67%.

Magson Retail and Distribution Effective Interest Rate on Debt % Historical Data

The historical data trend for Magson Retail and Distribution'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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Magson Retail and Distribution Effective Interest Rate on Debt % Chart

Magson Retail and Distribution Annual Data

Trend

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

9.82

13.73

13.21

Magson Retail and Distribution Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	-	-	17.45	8.67	33.67

Competitive Comparison of Magson Retail and Distribution's Effective Interest Rate on Debt %

For the Grocery Stores subindustry, Magson Retail and Distribution'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.

Magson Retail and Distribution's Effective Interest Rate on Debt % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Magson Retail and Distribution's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Magson Retail and Distribution's Effective Interest Rate on Debt % falls into.

Magson Retail and Distribution Effective Interest Rate on Debt % Calculation

Magson Retail and Distribution'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 * -4.404	/	( (34.472	+	32.196)	/ 2 )
=	-1 * -4.404	/	33.334
=	13.21 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.221	+	14.251
=	34.472

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15.931	+	16.265
=	32.196

Magson Retail and Distribution'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 * -7.656	/	( (32.196	+	13.284)	/ 2 )
=	-1 * -7.656	/	22.74
=	33.67 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15.931	+	16.265
=	32.196

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.275	+	10.009
=	13.284

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.

Magson Retail and Distribution (NSE:MAGSON) Effective Interest Rate on Debt % Explanation

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

Magson Retail and Distribution Effective Interest Rate on Debt % Related Terms

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Magson Retail and Distribution (NSE:MAGSON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Magson Retail and Distribution Ltd (NSE:MAGSON) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Near Judges Bungalows Cross Roads, 204-B, Primate Complex, Opposite Mother Milk Palace, Bodakdev, Ahmedabad, GJ, IND, 380015

Website

https://www.magson.in

Magson Retail and Distribution Ltd is engaged in the retail and Distribution business of gourmet, frozen food, and specialty foods. The company operates retail stores through and own stores, jointly owned stores, and a franchise model under its brand name 'MagSon'. In addition, the company has a separate chocolate store that is operated under the brand name 'My Chocolate World'.

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