Richa Info Systems (NSE:RICHA) Effective Interest Rate on Debt % : 11.02% (As of Mar. 2023)

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What is Richa Info Systems 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. Richa Info Systems's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was ₹18.4 Mil. Richa Info Systems's average total debt for the quarter that ended in Mar. 2023 was ₹167.1 Mil. Therefore, Richa Info Systems's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 11.02%.

Richa Info Systems Effective Interest Rate on Debt % Historical Data

The historical data trend for Richa Info Systems'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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Richa Info Systems Effective Interest Rate on Debt % Chart

Richa Info Systems Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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8.83

7.18

4.99

9.47

8.34

Richa Info Systems Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			9.79	3.53	7.02	11.02	-

Competitive Comparison of Richa Info Systems's Effective Interest Rate on Debt %

For the Software - Application subindustry, Richa Info Systems'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.

Richa Info Systems's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Richa Info Systems's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Richa Info Systems's Effective Interest Rate on Debt % falls into.

Richa Info Systems Effective Interest Rate on Debt % Calculation

Richa Info Systems'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 * -10.255	/	( (162.097	+	83.948)	/ 2 )
=	-1 * -10.255	/	123.0225
=	8.34 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	84.93	+	77.167
=	162.097

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	41.765	+	42.183
=	83.948

Richa Info Systems's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -18.422	/	( (172.1	+	162.097)	/ 2 )
=	-1 * -18.422	/	167.0985
=	11.02 %

where

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	97.327	+	74.773
=	172.1

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	84.93	+	77.167
=	162.097

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

Richa Info Systems (NSE:RICHA) Effective Interest Rate on Debt % Explanation

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

Richa Info Systems Effective Interest Rate on Debt % Related Terms

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Richa Info Systems Business Description

Industry

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Address

Shop No. 101, Shalin Complex, Sector-11, Ghandhinagar, GJ, IND, 382010

Website

https://www.richainfosys.com

Richa Info Systems Ltd is engaged in the business of assembling of innovative products and systems Integrator of multifaceted solutions of products like Interactive Flat Panel, Interactive Boards, Digital Podium, Digital Kiosk, CCTV Cameras to customers in sectors like Government, PSUs, Education, Defense. The company provides a wide choice of innovative solutions, providing service to Government organizations across India through Government e-Marketplace.

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