Srivari Spices and Foods (NSE:SSFL) Effective Interest Rate on Debt % : 8.65% (As of Mar. 2023)

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What is Srivari Spices and Foods 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. Srivari Spices and Foods's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was ₹6.7 Mil. Srivari Spices and Foods's average total debt for the quarter that ended in Mar. 2023 was ₹78.0 Mil. Therefore, Srivari Spices and Foods's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 8.65%.

Srivari Spices and Foods Effective Interest Rate on Debt % Historical Data

The historical data trend for Srivari Spices and Foods'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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Srivari Spices and Foods Effective Interest Rate on Debt % Chart

Srivari Spices and Foods Annual Data

Trend

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

3.53

8.65

Srivari Spices and Foods Semi-Annual Data
	Mar21	Mar22	Mar23
Effective Interest Rate on Debt %	-	3.53	8.65

Competitive Comparison of Srivari Spices and Foods's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Srivari Spices and Foods'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.

Srivari Spices and Foods's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Srivari Spices and Foods's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Srivari Spices and Foods's Effective Interest Rate on Debt % falls into.

Srivari Spices and Foods Effective Interest Rate on Debt % Calculation

Srivari Spices and Foods's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -6.748	/	( (27.74	+	128.315)	/ 2 )
=	-1 * -6.748	/	78.0275
=	8.65 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.812	+	18.928
=	27.74

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	40.255	+	88.06
=	128.315

Srivari Spices and Foods's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -6.748	/	( (27.74	+	128.315)	/ 2 )
=	-1 * -6.748	/	78.0275
=	8.65 %

where

	Total Debt (Q: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.812	+	18.928
=	27.74

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	40.255	+	88.06
=	128.315

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Srivari Spices and Foods (NSE:SSFL) Effective Interest Rate on Debt % Explanation

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

Srivari Spices and Foods Effective Interest Rate on Debt % Related Terms

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Srivari Spices and Foods (NSE:SSFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Srivari Spices and Foods Ltd (NSE:SSFL) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

207, Second Floor, RDB Blue Hope, 4-1-878, 876, 877 and 877/1, Abids, Hyderabad, TG, IND, 500001

Website

https://www.srivarispices.com

Srivari Spices and Foods Ltd is engaged in the business of manufacturing spices and flour (chakki atta) and marketing and selling them in and around Telangana and Andhra Pradesh. The company handpicks its raw materials from various parts of the country and processes its products with utmost care without the use of artificial preservatives or chemicals, thereby creating a product portfolio of organic spices and flour, which carry the freshness and goodness of each ingredient.

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