Sahaj Fashions (NSE:SAHAJ) Effective Interest Rate on Debt % : 9.67% (As of Mar. 2024)

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What is Sahaj Fashions 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. Sahaj Fashions's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹37 Mil. Sahaj Fashions's average total debt for the quarter that ended in Mar. 2024 was ₹378 Mil. Therefore, Sahaj Fashions's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 9.67%.

Sahaj Fashions Effective Interest Rate on Debt % Historical Data

The historical data trend for Sahaj Fashions'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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Sahaj Fashions Effective Interest Rate on Debt % Chart

Sahaj Fashions Annual Data

Trend

Mar23

Mar24

Effective Interest Rate on Debt %

10.39

10.11

Sahaj Fashions Semi-Annual Data
	Mar23	Sep23	Mar24
Effective Interest Rate on Debt %	-	10.21	9.67

Competitive Comparison of Sahaj Fashions's Effective Interest Rate on Debt %

For the Textile Manufacturing subindustry, Sahaj Fashions'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.

Sahaj Fashions's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Sahaj Fashions's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Sahaj Fashions Effective Interest Rate on Debt % Calculation

Sahaj Fashions'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 * -38.569	/	( (401.36	+	361.706)	/ 2 )
=	-1 * -38.569	/	381.533
=	10.11 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	149.784	+	251.576
=	401.36

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	116.882	+	244.824
=	361.706

Sahaj Fashions's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -36.546	/	( (394.028	+	361.706)	/ 2 )
=	-1 * -36.546	/	377.867
=	9.67 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	144.871	+	249.157
=	394.028

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	116.882	+	244.824
=	361.706

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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Sahaj Fashions (NSE:SAHAJ) Effective Interest Rate on Debt % Explanation

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

Sahaj Fashions Effective Interest Rate on Debt % Related Terms

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Sahaj Fashions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sahaj Fashions Ltd (NSE:SAHAJ) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Ajmer Road, Shree Bhawan, Madanganj, Kishangarh, RJ, IND, 305801

Website

https://www.sahajfashions.in

Sahaj Fashions Ltd is engaged in manufacturing of high standard fabric which is used for various purposes such as garments, home furnishings, and industrial applications, etc. It manufactures cotton suiting fabric and cotton shirting fabric apart from polyster based and cotton-polyster blended fabrics.

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