Sterlite Technologies (NSE:STLTECH) Effective Interest Rate on Debt % : 10.43% (As of Mar. 2024)

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What is Sterlite Technologies 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. Sterlite Technologies's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹3,520 Mil. Sterlite Technologies's average total debt for the quarter that ended in Mar. 2024 was ₹33,760 Mil. Therefore, Sterlite Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 10.43%.

Sterlite Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Sterlite Technologies'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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Sterlite Technologies Effective Interest Rate on Debt % Chart

Sterlite Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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7.87

5.70

6.67

8.51

10.24

Sterlite Technologies 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															9.29	9.60	10.30	10.19	10.43

Competitive Comparison of Sterlite Technologies's Effective Interest Rate on Debt %

For the Electrical Equipment & Parts subindustry, Sterlite Technologies'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.

Sterlite Technologies's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sterlite Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

Sterlite Technologies Effective Interest Rate on Debt % Calculation

Sterlite Technologies'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 * -3690	/	( (38340	+	33760)	/ 2 )
=	-1 * -3690	/	36050
=	10.24 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11280	+	27060
=	38340

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10460	+	23300
=	33760

Sterlite Technologies'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 * -3520	/	( (0	+	33760)	/ 1 )
=	-1 * -3520	/	33760
=	10.43 %

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
=	10460	+	23300
=	33760

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.

Sterlite Technologies (NSE:STLTECH) Effective Interest Rate on Debt % Explanation

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

Sterlite Technologies Effective Interest Rate on Debt % Related Terms

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Sterlite Technologies (NSE:STLTECH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sterlite Technologies Ltd (NSE:STLTECH) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

532374:India

Address

Koregaon Road 9, STS 12/1, 4th Floor, Godrej Millennium, Pune, MH, IND, 411 001

Website

https://www.stl.tech

Sterlite Technologies Ltd is an Indian-based company engaged in the business of Connectivity and Network Solutions. Its products and solutions mainly include integrated optical fiber, copper telecom cables, structured data cables, access equipment, fiber connectivity and system integration solution offerings for telecom networks, OSS/ BSS solutions, billing and bandwidth management solutions for organizations, and others. Its segments include Optical networking business (ONB), Global service business (GSB) and Digital and technology solutions (Digital). The company offers its services within India and in the International market.

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