SoftTech Engineers (NSE:SOFTTECH) Effective Interest Rate on Debt % : 11.43% (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is SoftTech Engineers 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. SoftTech Engineers's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹44.0 Mil. SoftTech Engineers's average total debt for the quarter that ended in Mar. 2024 was ₹385.0 Mil. Therefore, SoftTech Engineers's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 11.43%.

SoftTech Engineers Effective Interest Rate on Debt % Historical Data

The historical data trend for SoftTech Engineers'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.

* Premium members only.

SoftTech Engineers Effective Interest Rate on Debt % Chart

SoftTech Engineers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

7.61

7.01

8.03

9.45

10.52

SoftTech Engineers Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															9.85	9.99	10.98	9.71	11.43

Competitive Comparison of SoftTech Engineers's Effective Interest Rate on Debt %

For the Software - Application subindustry, SoftTech Engineers'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.

SoftTech Engineers's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, SoftTech Engineers's Effective Interest Rate on Debt % distribution charts can be found below:

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

SoftTech Engineers Effective Interest Rate on Debt % Calculation

SoftTech Engineers'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 * -45.561	/	( (480.911	+	385.036)	/ 2 )
=	-1 * -45.561	/	432.9735
=	10.52 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	160.361	+	320.55
=	480.911

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	104.156	+	280.88
=	385.036

SoftTech Engineers'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 * -43.992	/	( (0	+	385.036)	/ 1 )
=	-1 * -43.992	/	385.036
=	11.43 %

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
=	104.156	+	280.88
=	385.036

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.

SoftTech Engineers (NSE:SOFTTECH) Effective Interest Rate on Debt % Explanation

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

SoftTech Engineers Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of SoftTech Engineers's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

SoftTech Engineers (NSE:SOFTTECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SoftTech Engineers Ltd (NSE:SOFTTECH) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

543470:India

Address

Baner Road, SoftTech Towers, S NO 1/1A/7 8 15 16 17 Plot No. B,C,D, 1-Baner, Opposite Royal Enfield Showroom, Pune, MH, IND, 411045

Website

https://www.softtech-engr.com

SoftTech Engineers Ltd is a software product company. The company develops software and intellectual property in the architecture, engineering, and construction (AEC) domains. Its product includes AutoDCR; PWIMS; Opticon; BIMDCR; and RuleBuddy. The company serves large infrastructure; real estate; government organizations and consultants companies. Geographically, it operates only in India.

SoftTech Engineers (NSE:SOFTTECH) Headlines

No Headlines