Sharp Chucks and Machines (NSE:SCML) Effective Interest Rate on Debt % : 10.36% (As of Mar. 2024)

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What is Sharp Chucks and Machines 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. Sharp Chucks and Machines's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹89 Mil. Sharp Chucks and Machines's average total debt for the quarter that ended in Mar. 2024 was ₹855 Mil. Therefore, Sharp Chucks and Machines's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 10.36%.

Sharp Chucks and Machines Effective Interest Rate on Debt % Historical Data

The historical data trend for Sharp Chucks and Machines'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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Sharp Chucks and Machines Effective Interest Rate on Debt % Chart

Sharp Chucks and Machines Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

8.66

6.37

7.79

10.36

Sharp Chucks and Machines Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Effective Interest Rate on Debt %	8.66	6.37	7.79	10.36

Competitive Comparison of Sharp Chucks and Machines's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Sharp Chucks and Machines'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.

Sharp Chucks and Machines's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sharp Chucks and Machines's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sharp Chucks and Machines's Effective Interest Rate on Debt % falls into.

Sharp Chucks and Machines Effective Interest Rate on Debt % Calculation

Sharp Chucks and Machines'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 * -88.579	/	( (871.788	+	838.681)	/ 2 )
=	-1 * -88.579	/	855.2345
=	10.36 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	276.372	+	595.416
=	871.788

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	202.799	+	635.882
=	838.681

Sharp Chucks and Machines'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 * -88.579	/	( (871.788	+	838.681)	/ 2 )
=	-1 * -88.579	/	855.2345
=	10.36 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	276.372	+	595.416
=	871.788

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	202.799	+	635.882
=	838.681

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.

Sharp Chucks and Machines (NSE:SCML) Effective Interest Rate on Debt % Explanation

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

Sharp Chucks and Machines Effective Interest Rate on Debt % Related Terms

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Sharp Chucks and Machines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sharp Chucks and Machines Ltd (NSE:SCML) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

A-12, Industrial Development Colony, Jalandhar, PB, IND, 144012

Website

https://www.sharpchucks.com

Sharp Chucks and Machines Ltd is engaged in manufacturing forging products, casting products and machined components, that finds application in diverse industry, such as tractor, automobiles, material handling & earth moving equipment, railways, defense, machine tools, DIY industry, etc.

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