Service Care (NSE:SERVICE) Effective Interest Rate on Debt % : 3.00% (As of Mar. 2022)

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What is Service Care 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. Service Care's annualized positive value of Interest Expense for the quarter that ended in Mar. 2022 was ₹1 Mil. Service Care's average total debt for the quarter that ended in Mar. 2022 was ₹33 Mil. Therefore, Service Care's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2022 was 3.00%.

Service Care Effective Interest Rate on Debt % Historical Data

The historical data trend for Service Care'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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Service Care Effective Interest Rate on Debt % Chart

Service Care Annual Data

Trend

Mar20

Mar21

Mar22

Effective Interest Rate on Debt %

12.45

4.79

3.00

Service Care Semi-Annual Data
	Mar20	Mar21	Mar22
Effective Interest Rate on Debt %	12.45	4.79	3.00

Competitive Comparison of Service Care's Effective Interest Rate on Debt %

For the Staffing & Employment Services subindustry, Service Care'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.

Service Care's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Service Care's Effective Interest Rate on Debt % distribution charts can be found below:

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

Service Care Effective Interest Rate on Debt % Calculation

Service Care's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2021 )	+	Total Debt (A: Mar. 2022 ))	/ count )
=	-1 * -0.983	/	( (31.456	+	34.147)	/ 2 )
=	-1 * -0.983	/	32.8015
=	3.00 %

where

	Total Debt (A: Mar. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	31.456
=	31.456

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	34.147
=	34.147

Service Care's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2021 )	+	Total Debt (Q: Mar. 2022 ))	/ count )
=	-1 * -0.983	/	( (31.456	+	34.147)	/ 2 )
=	-1 * -0.983	/	32.8015
=	3.00 %

where

	Total Debt (Q: Mar. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	31.456
=	31.456

	Total Debt (Q: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	34.147
=	34.147

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. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Service Care (NSE:SERVICE) Effective Interest Rate on Debt % Explanation

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

Service Care Effective Interest Rate on Debt % Related Terms

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Service Care (NSE:SERVICE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Service Care Ltd (NSE:SERVICE) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd Main Road, No. 653, 1st Floor, Domlur Layout, Bangalore, KA, IND, 560071

Website

https://www.servicecare.in

Service Care Ltd is engaged in providing services such as Workspace Administration Services and Workforce Administration Services across all business domains. Workspace Administration services cover all the Integrated Facility Management and Business Services, on the other hand, Workforce Administration services covers all kind of staffing solutions, outsourced recruitment processes, and payroll management. Its operations are in the business of housekeeping facility management service and payroll service.

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