Sungarner Energies (NSE:SEL) Effective Interest Rate on Debt % : 7.72% (As of Mar. 2024)

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What is Sungarner Energies 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. Sungarner Energies's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹3.8 Mil. Sungarner Energies's average total debt for the quarter that ended in Mar. 2024 was ₹49.7 Mil. Therefore, Sungarner Energies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.72%.

Sungarner Energies Effective Interest Rate on Debt % Historical Data

The historical data trend for Sungarner Energies'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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Sungarner Energies Effective Interest Rate on Debt % Chart

Sungarner Energies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

9.12

5.19

5.47

7.19

7.72

Sungarner Energies Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Effective Interest Rate on Debt %	9.12	5.19	5.47	7.19	7.72

Competitive Comparison of Sungarner Energies's Effective Interest Rate on Debt %

For the Electrical Equipment & Parts subindustry, Sungarner Energies'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.

Sungarner Energies's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

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

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Sungarner Energies Effective Interest Rate on Debt % Calculation

Sungarner Energies'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 * -3.834	/	( (42.406	+	56.975)	/ 2 )
=	-1 * -3.834	/	49.6905
=	7.72 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.08	+	40.326
=	42.406

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.265	+	55.71
=	56.975

Sungarner Energies'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 * -3.834	/	( (42.406	+	56.975)	/ 2 )
=	-1 * -3.834	/	49.6905
=	7.72 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.08	+	40.326
=	42.406

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.265	+	55.71
=	56.975

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.

Sungarner Energies (NSE:SEL) Effective Interest Rate on Debt % Explanation

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

Sungarner Energies Effective Interest Rate on Debt % Related Terms

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Sungarner Energies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sungarner Energies Ltd (NSE:SEL) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Plot No. 113, Udyog Kendra-II, Sector Ecotech –III, Gautam Budh Nagar, Greater Noida, UP, IND, 201306

Website

https://www.sungarner.com

Sungarner Energies Ltd offers a wide range of power solutions. It is engaged in the manufacturing, design, and engineering of Power Equipments and Appliances such as Online UPS, Solar Inverters, EV Chargers, Storage Solutions (Lead Acid and Lithium-ion), Solar Equipment, and Installation and Commissioning of Solar Power Plants. The company provides these products and services to corporate houses/Channel Partners all over India and Abroad.

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