Prakash Pipes (NSE:PPL) Effective Interest Rate on Debt % : 23.09% (As of Dec. 2023)

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What is Prakash Pipes 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. Prakash Pipes's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹65 Mil. Prakash Pipes's average total debt for the quarter that ended in Dec. 2023 was ₹281 Mil. Therefore, Prakash Pipes's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 23.09%.

Prakash Pipes Effective Interest Rate on Debt % Historical Data

The historical data trend for Prakash Pipes'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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Prakash Pipes Effective Interest Rate on Debt % Chart

Prakash Pipes Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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125.00

62.03

43.75

71.92

42.17

Prakash Pipes 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															41.83	15.87	15.03	4.56	23.09

Competitive Comparison of Prakash Pipes's Effective Interest Rate on Debt %

For the Building Products & Equipment subindustry, Prakash Pipes'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.

Prakash Pipes's Effective Interest Rate on Debt % Distribution in the Construction Industry

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

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

Prakash Pipes Effective Interest Rate on Debt % Calculation

Prakash Pipes'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 * -31.1	/	( (51.7	+	95.8)	/ 2 )
=	-1 * -31.1	/	73.75
=	42.17 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.8	+	46.9
=	51.7

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.6	+	93.2
=	95.8

Prakash Pipes'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 * -64.8	/	( (280.6	+	0)	/ 1 )
=	-1 * -64.8	/	280.6
=	23.09 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.9	+	276.7
=	280.6

	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.

Prakash Pipes (NSE:PPL) Effective Interest Rate on Debt % Explanation

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

Prakash Pipes Effective Interest Rate on Debt % Related Terms

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Prakash Pipes (NSE:PPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Prakash Pipes Ltd (NSE:PPL) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

542684:India

Address

Srivan, Bijwasan, New Delhi, IND, 110061

Website

https://www.prakashplastics.in

Prakash Pipes Ltd is engaged in the manufacture of PVC pipes and fittings. It offers a products such as Agri Pipes, Column Pipes, Plumbing Pipes, Casing Pipes, SWR Pipes, Garden Pipes and their related Fittings. Its segments are PVC Pipe and fitting and Flexible Packaging. It generates the majority of its revenue from PVC Pipe and fitting.