Pidilite Industries (NSE:PIDILITIND) Effective Interest Rate on Debt % : 12.27% (As of Dec. 2023)

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What is Pidilite Industries 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. Pidilite Industries's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹510 Mil. Pidilite Industries's average total debt for the quarter that ended in Dec. 2023 was ₹4,158 Mil. Therefore, Pidilite Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 12.27%.

Pidilite Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for Pidilite Industries'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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Pidilite Industries Effective Interest Rate on Debt % Chart

Pidilite Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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21.97

16.78

12.04

11.27

11.81

Pidilite Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.87	12.12	12.17	12.63	12.27

Competitive Comparison of Pidilite Industries's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Pidilite Industries'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.

Pidilite Industries's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Pidilite Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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

Pidilite Industries Effective Interest Rate on Debt % Calculation

Pidilite Industries'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 * -476.4	/	( (4158.3	+	3906.1)	/ 2 )
=	-1 * -476.4	/	4032.2
=	11.81 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	977.6	+	3180.7
=	4158.3

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1756.3	+	2149.8
=	3906.1

Pidilite Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -510.4	/	( (4158.4	+	0)	/ 1 )
=	-1 * -510.4	/	4158.4
=	12.27 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1720.7	+	2437.7
=	4158.4

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Pidilite Industries (NSE:PIDILITIND) Effective Interest Rate on Debt % Explanation

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

Pidilite Industries Effective Interest Rate on Debt % Related Terms

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Pidilite Industries (NSE:PIDILITIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Pidilite Industries Ltd (NSE:PIDILITIND) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

500331:India

Address

Ramkrishna Mandir Road, Off Mathuradas Vasanji Road, Andheri (East), Mumbai, MH, IND, 400 059

Website

https://www.pidilite.com

Pidilite Industries Ltd manufactures and sells paints, adhesives, and sealants in two segments based on the customer: The consumer and bazaar products segment, which generates the majority of revenue, sells adhesives and sealants, construction paint chemicals, art and craft materials. The Business to Business segment sells industrial products such as industrial adhesives resins, and organic pigments and preparations. Pidilite Industries sells its products through dealers and distribution networks. The vast majority of revenue comes from India.

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