SRM Contractors (NSE:SRM) Effective Interest Rate on Debt % : 17.21% (As of Sep. 2024)

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What is SRM Contractors 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. SRM Contractors's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ₹64 Mil. SRM Contractors's average total debt for the quarter that ended in Sep. 2024 was ₹370 Mil. Therefore, SRM Contractors's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 17.21%.

SRM Contractors Effective Interest Rate on Debt % Historical Data

The historical data trend for SRM Contractors'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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SRM Contractors Effective Interest Rate on Debt % Chart

SRM Contractors Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

5.62

6.81

14.79

12.07

SRM Contractors Quarterly Data
	Mar21	Mar22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				-	4.07	30.24	17.81	17.21

Competitive Comparison of SRM Contractors's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, SRM Contractors'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.

SRM Contractors's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, SRM Contractors's Effective Interest Rate on Debt % distribution charts can be found below:

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

SRM Contractors Effective Interest Rate on Debt % Calculation

SRM Contractors'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 * -57.052	/	( (469.597	+	475.843)	/ 2 )
=	-1 * -57.052	/	472.72
=	12.07 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	255.682	+	213.915
=	469.597

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	257.252	+	218.591
=	475.843

SRM Contractors's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -63.644	/	( (0	+	369.799)	/ 1 )
=	-1 * -63.644	/	369.799
=	17.21 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	226.97	+	142.829
=	369.799

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

SRM Contractors (NSE:SRM) Effective Interest Rate on Debt % Explanation

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

SRM Contractors Effective Interest Rate on Debt % Related Terms

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SRM Contractors Business Description

Industry

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Traded in Other Exchanges

544158:India

Address

Sector 3, Near BJP Head Office, Trikuta Nagar, Jammu and Kashmir, Jammu, IND, 180012

Website

https://www.srmcpl.com

SRM Contractors Ltd is an engineering construction and development company. It is engaged in the construction of roads (including bridges), tunnels, slope stabilisation works and other miscellaneous civil construction activities in the Union Territories of Jammu & Kashmir and Ladakh, undertaking construction works both as an EPC contractor and on an item rate basis for infrastructure projects. The company operates in three business segments: Road and Highway Construction projects, Trading, and Quarry Mining.