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South West Pinnacle Exploration (NSE:SOUTHWEST) Effective Interest Rate on Debt % : 10.59% (As of Mar. 2024)


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What is South West Pinnacle Exploration 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. South West Pinnacle Exploration's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹98 Mil. South West Pinnacle Exploration's average total debt for the quarter that ended in Mar. 2024 was ₹927 Mil. Therefore, South West Pinnacle Exploration's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 10.59%.


South West Pinnacle Exploration Effective Interest Rate on Debt % Historical Data

The historical data trend for South West Pinnacle Exploration'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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South West Pinnacle Exploration Effective Interest Rate on Debt % Chart

South West Pinnacle Exploration Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 10.07 10.17 9.81 10.21 10.80

South West Pinnacle Exploration 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.52 11.41 7.45 10.21 10.59

Competitive Comparison of South West Pinnacle Exploration's Effective Interest Rate on Debt %

For the Oil & Gas Equipment & Services subindustry, South West Pinnacle Exploration'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.


South West Pinnacle Exploration's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, South West Pinnacle Exploration's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where South West Pinnacle Exploration's Effective Interest Rate on Debt % falls into.



South West Pinnacle Exploration Effective Interest Rate on Debt % Calculation

South West Pinnacle Exploration'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  *  -84.882/( (645.154+926.638)/ 2 )
=-1  *  -84.882/785.896
=10.80 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=158.035 + 487.119
=645.154

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=274.449 + 652.189
=926.638

South West Pinnacle Exploration'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  *  -98.12/( (0+926.638)/ 1 )
=-1  *  -98.12/926.638
=10.59 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=274.449 + 652.189
=926.638

* 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.

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.


South West Pinnacle Exploration  (NSE:SOUTHWEST) Effective Interest Rate on Debt % Explanation

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


South West Pinnacle Exploration Effective Interest Rate on Debt % Related Terms

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South West Pinnacle Exploration (NSE:SOUTHWEST) Business Description

Traded in Other Exchanges
Address
Siddhartha House, Plot No. 15, Ground Floor, Sector-44, Gurgaon, HR, IND, 122003
South West Pinnacle Exploration Ltd is an India-based exploration services company. It provides end to end drilling, exploration, and allied services to coal, ferrous, non-ferrous, and atomic and base metal mining and water and unconventional energy industries. The company offers consultancy for geological field services and allied services. In addition, it also renders exploration services including geophysical logging, surface geophysical and topographic surveys. The company also administers services such as aquifer mapping, coal bed methane exploration and production, coal and mineral exploration, and workover rig services. It has a business presence in India and the Overseas market.

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