Saroja Pharma Industries India (NSE:SAROJA) Effective Interest Rate on Debt % : 16.08% (As of Mar. 2024)

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What is Saroja Pharma Industries India 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. Saroja Pharma Industries India's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹12.8 Mil. Saroja Pharma Industries India's average total debt for the quarter that ended in Mar. 2024 was ₹79.6 Mil. Therefore, Saroja Pharma Industries India's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 16.08%.

Saroja Pharma Industries India Effective Interest Rate on Debt % Historical Data

The historical data trend for Saroja Pharma Industries India'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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Saroja Pharma Industries India Effective Interest Rate on Debt % Chart

Saroja Pharma Industries India Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

8.78

14.55

12.19

16.08

Saroja Pharma Industries India Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Effective Interest Rate on Debt %	8.78	14.55	12.19	16.08

Competitive Comparison of Saroja Pharma Industries India's Effective Interest Rate on Debt %

For the Drug Manufacturers - Specialty & Generic subindustry, Saroja Pharma Industries India'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.

Saroja Pharma Industries India's Effective Interest Rate on Debt % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Saroja Pharma Industries India's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Saroja Pharma Industries India Effective Interest Rate on Debt % Calculation

Saroja Pharma Industries India'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 * -12.802	/	( (101.886	+	57.35)	/ 2 )
=	-1 * -12.802	/	79.618
=	16.08 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28.115	+	73.771
=	101.886

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26.206	+	31.144
=	57.35

Saroja Pharma Industries India'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: Mar. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -12.802	/	( (101.886	+	57.35)	/ 2 )
=	-1 * -12.802	/	79.618
=	16.08 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28.115	+	73.771
=	101.886

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26.206	+	31.144
=	57.35

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

Saroja Pharma Industries India (NSE:SAROJA) Effective Interest Rate on Debt % Explanation

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

Saroja Pharma Industries India Effective Interest Rate on Debt % Related Terms

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Saroja Pharma Industries India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Saroja Pharma Industries India Ltd (NSE:SAROJA) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Jata Shankar Dosa Marg, Shop No. 209, 2ND Floor, Ecstacy, City of Joy, Mulund west, Mumbai, MH, IND, 400080

Website

https://www.sarojapharma.com

Saroja Pharma Industries India Ltd is a company engaged in pharmaceutical and healthcare sector. The Company trades in Pharma Active Pharmaceutical Ingredients, Pharma Intermediates, Chemicals, Solvents used for pharmaceutical products human and veterinary medicines. The Company has only one reportable Business Segment which is Pharma Chemicals like Thionyl Chloride and Pharmaceuticals intermeddles etc.

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