Manglam Infra and Engineering (NSE:MIEL) Effective Interest Rate on Debt % : 10.33% (As of Sep. 2024)

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What is Manglam Infra and Engineering 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. Manglam Infra and Engineering's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ₹3.9 Mil. Manglam Infra and Engineering's average total debt for the quarter that ended in Sep. 2024 was ₹37.9 Mil. Therefore, Manglam Infra and Engineering's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 10.33%.

Manglam Infra and Engineering Effective Interest Rate on Debt % Historical Data

The historical data trend for Manglam Infra and Engineering'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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Manglam Infra and Engineering Effective Interest Rate on Debt % Chart

Manglam Infra and Engineering Annual Data

Trend

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

29.69

27.62

9.91

Manglam Infra and Engineering Semi-Annual Data
	Mar22	Mar23	Mar24	Sep24
Effective Interest Rate on Debt %	-	-	-	10.33

Competitive Comparison of Manglam Infra and Engineering's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, Manglam Infra and Engineering'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.

Manglam Infra and Engineering's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Manglam Infra and Engineering's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Manglam Infra and Engineering's Effective Interest Rate on Debt % falls into.

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Manglam Infra and Engineering Effective Interest Rate on Debt % Calculation

Manglam Infra and Engineering'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 * -3.337	/	( (22.591	+	44.731)	/ 2 )
=	-1 * -3.337	/	33.661
=	9.91 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.147	+	19.444
=	22.591

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.894	+	30.837
=	44.731

Manglam Infra and Engineering'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: Mar. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -3.92	/	( (44.731	+	31.13)	/ 2 )
=	-1 * -3.92	/	37.9305
=	10.33 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.894	+	30.837
=	44.731

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.709	+	17.421
=	31.13

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

Manglam Infra and Engineering (NSE:MIEL) Effective Interest Rate on Debt % Explanation

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

Manglam Infra and Engineering Effective Interest Rate on Debt % Related Terms

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Manglam Infra and Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Manglam Infra and Engineering Ltd (NSE:MIEL) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

E-8/31, Area Colony, Near Bus Stop No.12, Bhopal, MP, IND, 462039

Website

https://www.manglaminfra.com

Mangalam Infra and Engineering Ltd is an infrastructure consultancy company. It is providing project management consultancy services which includes detailed project reports (DPRs), Supervision and quality control (SQC), and operation & maintenance (O & M) for Highways/Roads, Bridges, Tunnels, Buildings/Urban development. It has cater to various state governments of Madhya Pradesh, Jammu & Kashmir, Bihar, Arunachal Pradesh, Jharkhand, Himachal Pradesh, Uttar Pradesh, Manipur, Nagaland, Maharashtra, Assam, Rajasthan, Uttarakhand and Haryana and central government.

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