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Navneet Education (NSE:NAVNETEDUL) Effective Interest Rate on Debt % : 7.70% (As of Mar. 2024)


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What is Navneet Education 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. Navneet Education's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹198 Mil. Navneet Education's average total debt for the quarter that ended in Mar. 2024 was ₹2,575 Mil. Therefore, Navneet Education's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.70%.


Navneet Education Effective Interest Rate on Debt % Historical Data

The historical data trend for Navneet Education'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.

* Premium members only.

Navneet Education Effective Interest Rate on Debt % Chart

Navneet Education Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.56 5.75 5.95 5.50 7.32

Navneet Education Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.00 6.13 10.44 - 7.70

Competitive Comparison of Navneet Education's Effective Interest Rate on Debt %

For the Publishing subindustry, Navneet Education'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.


Navneet Education's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Navneet Education's Effective Interest Rate on Debt % distribution charts can be found below:

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



Navneet Education Effective Interest Rate on Debt % Calculation

Navneet Education'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  *  -199.6/( (2878.3+2575.1)/ 2 )
=-1  *  -199.6/2726.7
=7.32 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.8 + 2874.5
=2878.3

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=90.5 + 2484.6
=2575.1

Navneet Education's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -198.4/( (0+2575.1)/ 1 )
=-1  *  -198.4/2575.1
=7.70 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=90.5 + 2484.6
=2575.1

* 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.

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


Navneet Education  (NSE:NAVNETEDUL) Effective Interest Rate on Debt % Explanation

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


Navneet Education Effective Interest Rate on Debt % Related Terms

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Navneet Education (NSE:NAVNETEDUL) Business Description

Traded in Other Exchanges
Address
Bhavani Shankar Road, Navneet Bhavan, Near Shardashram Society, Dadar (West), Mumbai, MH, IND, 400028
Navneet Education Ltd is engaged in the publication of knowledge-based information in educational and general books form as well as in electronic media and manufacturing of paper and other stationery items. The company provides educational syllabus-based content in print & digital mediums, manufactures scholastic paper stationery, publishes general and children's books and also Scholastic Non-Paper Stationary products including various titles in the Children and General books category, which are not based on the syllabus. It markets its products under the brand name Navneet, Vikas, Gala, Grafalco, FfUuNn and Boss. The company manages its business in segments namely Publication, Stationery and Others. It has a business presence in India and other countries.

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