Signet Industries (NSE:SIGIND) Effective Interest Rate on Debt % : 18.10% (As of Mar. 2024)

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What is Signet Industries 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. Signet Industries's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹608 Mil. Signet Industries's average total debt for the quarter that ended in Mar. 2024 was ₹3,357 Mil. Therefore, Signet Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 18.10%.

Signet Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for Signet Industries'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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Signet Industries Effective Interest Rate on Debt % Chart

Signet Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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18.49

16.58

13.65

15.07

17.98

Signet Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															16.41	16.45	15.53	17.89	18.10

Competitive Comparison of Signet Industries's Effective Interest Rate on Debt %

For the Specialty Chemicals subindustry, Signet Industries'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.

Signet Industries's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Signet Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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

Signet Industries Effective Interest Rate on Debt % Calculation

Signet Industries'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 * -564.766	/	( (2926.494	+	3356.641)	/ 2 )
=	-1 * -564.766	/	3141.5675
=	17.98 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	484.885	+	2441.609
=	2926.494

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	481.825	+	2874.816
=	3356.641

Signet Industries'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: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -607.644	/	( (0	+	3356.641)	/ 1 )
=	-1 * -607.644	/	3356.641
=	18.10 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	481.825	+	2874.816
=	3356.641

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

Signet Industries (NSE:SIGIND) Effective Interest Rate on Debt % Explanation

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

Signet Industries Effective Interest Rate on Debt % Related Terms

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Signet Industries (NSE:SIGIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Signet Industries Ltd (NSE:SIGIND) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

512131:India

Address

Lasudia Mori, Dewas Naka, Survey Number 314/3, SDA Compound, Indore, MP, IND, 452010

Website

https://www.groupsignet.com

Signet Industries Ltd is engaged in the business of merchant trading of all kinds of polymers and other related products. It is also involved in manufacturing micro-irrigation systems, sprinkler pipes, agro fittings, and its allied products, household and plastic molded furniture's. Its primary segments are Manufacturing, Windmill, and Trading. The Manufacturing segment comprises of manufacturing of irrigation and plastic products. Its Windmill includes the wind turbine power unit and the Trading segment involves the trading of Polymers and Plastic Granuals. It derives prime revenue from India.

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