Pattech Fitwell Tube Components (NSE:PATTECH) Effective Interest Rate on Debt % : 6.73% (As of Sep. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Pattech Fitwell Tube Components 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. Pattech Fitwell Tube Components's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ₹9.2 Mil. Pattech Fitwell Tube Components's average total debt for the quarter that ended in Sep. 2023 was ₹137.0 Mil. Therefore, Pattech Fitwell Tube Components's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 6.73%.

Pattech Fitwell Tube Components Effective Interest Rate on Debt % Historical Data

The historical data trend for Pattech Fitwell Tube Components'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.

Pattech Fitwell Tube Components Effective Interest Rate on Debt % Chart

Pattech Fitwell Tube Components Annual Data

Trend

Mar20

Mar21

Mar22

Effective Interest Rate on Debt %

4.27

6.89

3.85

Pattech Fitwell Tube Components Semi-Annual Data
	Mar20	Mar21	Mar22	Sep23
Effective Interest Rate on Debt %	-	-	-	6.73

Competitive Comparison of Pattech Fitwell Tube Components's Effective Interest Rate on Debt %

For the Steel subindustry, Pattech Fitwell Tube Components'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.

Pattech Fitwell Tube Components's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Pattech Fitwell Tube Components's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Pattech Fitwell Tube Components's Effective Interest Rate on Debt % falls into.

Pattech Fitwell Tube Components Effective Interest Rate on Debt % Calculation

Pattech Fitwell Tube Components's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2021 )	+	Total Debt (A: Mar. 2022 ))	/ count )
=	-1 * -5.085	/	( (97.633	+	166.357)	/ 2 )
=	-1 * -5.085	/	131.995
=	3.85 %

where

	Total Debt (A: Mar. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	58.548	+	39.085
=	97.633

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	122.477	+	43.88
=	166.357

Pattech Fitwell Tube Components'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. 2022 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -9.224	/	( (166.357	+	107.628)	/ 2 )
=	-1 * -9.224	/	136.9925
=	6.73 %

where

	Total Debt (Q: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	122.477	+	43.88
=	166.357

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	81.721	+	25.907
=	107.628

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.

Pattech Fitwell Tube Components (NSE:PATTECH) Effective Interest Rate on Debt % Explanation

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

Pattech Fitwell Tube Components Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Pattech Fitwell Tube Components's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Pattech Fitwell Tube Components Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Pattech Fitwell Tube Components Ltd (NSE:PATTECH) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Survey No.873/B/1 Road No:1 Anson Limbani Estate, Near GETCO 66 KV Substation GIDC POR NH-8, Vadodara, GJ, IND, 391243

Website

https://www.pftcpipefittings.com

Pattech Fitwell Tube Components Ltd is engaged in manufacturing pipe fittings, flanges, and various types of forgings and machined components as well as pipe spools and fabrication works for various industries like fertilizers, petrochemical, power, chemical & pharmaceutical, food processing, oil & gas, desalination & water treatment, shipbuilding, defense, fabrication of process equipment, instrumentation.

Pattech Fitwell Tube Components Headlines

No Headlines