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Summit Securities (NSE:SUMMITSEC) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)


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What is Summit Securities 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. Summit Securities's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹0.0 Mil. Summit Securities's average total debt for the quarter that ended in Mar. 2024 was ₹0.0 Mil. Therefore, Summit Securities's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was N/A%.


Summit Securities Effective Interest Rate on Debt % Historical Data

The historical data trend for Summit Securities'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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Summit Securities Effective Interest Rate on Debt % Chart

Summit Securities Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
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Summit Securities Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Summit Securities's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Summit Securities'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.


Summit Securities's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Summit Securities's Effective Interest Rate on Debt % distribution charts can be found below:

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



Summit Securities Effective Interest Rate on Debt % Calculation

Summit Securities'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  *  0/( (0+0)/ 1 )
=-1  *  0/0
=N/A %

where

Summit Securities'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  *  0/( (0+0)/ 1 )
=-1  *  0/0
=N/A %

where

* 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.


Summit Securities  (NSE:SUMMITSEC) Effective Interest Rate on Debt % Explanation

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


Summit Securities Effective Interest Rate on Debt % Related Terms

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Summit Securities (NSE:SUMMITSEC) Business Description

Traded in Other Exchanges
Address
B Wing, 71, Sion-Trombay Road, 213, Bezzola Complex, Chembur, Mumbai, MH, IND, 400071
Summit Securities Ltd is engaged in the provision of investment in securities. It operates as a non-banking financial company and currently holds various portfolios including listed and private entities. The company is engaged in investments and financial activities. It earns revenue from Interest and Dividend income.

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