Marvel Decor (NSE:MDL) Effective Interest Rate on Debt % : 11.54% (As of Sep. 2023)

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What is Marvel Decor 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. Marvel Decor's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ₹16.3 Mil. Marvel Decor's average total debt for the quarter that ended in Sep. 2023 was ₹141.3 Mil. Therefore, Marvel Decor's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 11.54%.

Marvel Decor Effective Interest Rate on Debt % Historical Data

The historical data trend for Marvel Decor'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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Marvel Decor Effective Interest Rate on Debt % Chart

Marvel Decor Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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10.27

14.30

10.47

10.30

10.22

Marvel Decor 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													12.29	7.50	11.44	7.69	11.54

Competitive Comparison of Marvel Decor's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, Marvel Decor'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.

Marvel Decor's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Marvel Decor's Effective Interest Rate on Debt % distribution charts can be found below:

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

Marvel Decor Effective Interest Rate on Debt % Calculation

Marvel Decor'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 * -12.743	/	( (111.127	+	138.294)	/ 2 )
=	-1 * -12.743	/	124.7105
=	10.22 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15.899	+	95.228
=	111.127

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.863	+	123.431
=	138.294

Marvel Decor'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 * -16.302	/	( (138.294	+	144.317)	/ 2 )
=	-1 * -16.302	/	141.3055
=	11.54 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.863	+	123.431
=	138.294

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.134	+	124.183
=	144.317

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.

Marvel Decor (NSE:MDL) Effective Interest Rate on Debt % Explanation

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

Marvel Decor Effective Interest Rate on Debt % Related Terms

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Marvel Decor (NSE:MDL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Marvel Decor Ltd (NSE:MDL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 210-211, GIDC Phase II, Dared, Jamnagar, GJ, IND, 361004

Website

https://www.marvellifestyle.com

Marvel Decor Ltd is an Indian-based company that engages in the manufacture of window blinds. It is engaged in the manufacturing and sale of window covering products like blinds, curtain rods, and tracks. It specializes in Roller blinds, Roman blinds, Luzon blinds, Grayson blinds, Eton blinds, Patricia blinds, Aric blinds, Colby blinds, Meliso blinds, Vertical blinds, Bamboo blinds, Wooden Venetian blinds, among others. The Company' business is geographically segmented covers the following countries such as UK, UAE, USA, Canada, Malta, Ireland, Australia, Ghana, New Zealand, Mexico, Nigeria, Kenya, Israel, etc.

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