Rajnandini Metal (NSE:RAJMET) Effective Interest Rate on Debt % : 13.39% (As of Dec. 2023)

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What is Rajnandini Metal 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. Rajnandini Metal's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹130 Mil. Rajnandini Metal's average total debt for the quarter that ended in Dec. 2023 was ₹974 Mil. Therefore, Rajnandini Metal's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 13.39%.

Rajnandini Metal Effective Interest Rate on Debt % Historical Data

The historical data trend for Rajnandini Metal'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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Rajnandini Metal Effective Interest Rate on Debt % Chart

Rajnandini Metal Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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7.64

7.50

8.86

8.45

11.80

Rajnandini Metal Quarterly Data
	Mar17	Mar18	Mar19	Sep19	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															17.28	10.56	11.23	9.69	13.39

Competitive Comparison of Rajnandini Metal's Effective Interest Rate on Debt %

For the Copper subindustry, Rajnandini Metal'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.

Rajnandini Metal's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Rajnandini Metal's Effective Interest Rate on Debt % distribution charts can be found below:

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

Rajnandini Metal Effective Interest Rate on Debt % Calculation

Rajnandini Metal'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 * -72.8	/	( (514.2	+	719.4)	/ 2 )
=	-1 * -72.8	/	616.8
=	11.80 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	117.1	+	397.1
=	514.2

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	91.2	+	628.2
=	719.4

Rajnandini Metal'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 * -130.4	/	( (974.1	+	0)	/ 1 )
=	-1 * -130.4	/	974.1
=	13.39 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	91.1	+	883
=	974.1

	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.

Rajnandini Metal (NSE:RAJMET) Effective Interest Rate on Debt % Explanation

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

Rajnandini Metal Effective Interest Rate on Debt % Related Terms

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Rajnandini Metal (NSE:RAJMET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rajnandini Metal Ltd (NSE:RAJMET) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Plot No. 344, Sector - 3, Phase - II, IMT Bawal, Rewari, Bawal, HR, IND, 123501

Website

https://www.rajnandinimetal.com

Rajnandini Metal Ltd is an India-based company mainly y engaged in the business of manufacturing, trading or otherwise deal in high-grade Copper Continuous Casting Rods and copper wires. Its Products offeres Copper Rod Annealed Bare Copper Wire, Fine Copper Wire, Bunched Copper Wire, and Submersible Wires & Flat Cables.

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