Synoptics Technologies (NSE:SYNOPTICS) Effective Interest Rate on Debt % : 11.28% (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Synoptics 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. Synoptics Technologies's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹23.7 Mil. Synoptics Technologies's average total debt for the quarter that ended in Mar. 2024 was ₹210.3 Mil. Therefore, Synoptics Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 11.28%.

Synoptics Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Synoptics 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.

* Premium members only.

Synoptics Technologies Effective Interest Rate on Debt % Chart

Synoptics Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

11.17

11.23

10.16

12.70

11.28

Synoptics Technologies Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Effective Interest Rate on Debt %	11.17	11.23	10.16	12.70	11.28

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

For the Information Technology Services subindustry, Synoptics 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.

Synoptics Technologies's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Synoptics Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

Synoptics Technologies Effective Interest Rate on Debt % Calculation

Synoptics 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 * -23.726	/	( (217.695	+	202.88)	/ 2 )
=	-1 * -23.726	/	210.2875
=	11.28 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	102.756	+	114.939
=	217.695

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	61.262	+	141.618
=	202.88

Synoptics 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: Mar. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -23.726	/	( (217.695	+	202.88)	/ 2 )
=	-1 * -23.726	/	210.2875
=	11.28 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	102.756	+	114.939
=	217.695

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	61.262	+	141.618
=	202.88

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

Synoptics Technologies (NSE:SYNOPTICS) Effective Interest Rate on Debt % Explanation

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

Synoptics Technologies Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Synoptics Technologies's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Synoptics Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Synoptics Technologies Ltd (NSE:SYNOPTICS) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

301, A-Wing, 3rd Floor, Interface 16, Mindspace, Malad (West), Mumbai, MH, IND, 400064

Website

https://synoptics.co.in

Synoptics Technologies Ltd is an IT Services company offering solutions in the areas of IT Infrastructure like connectivity to the Branches, Supply, implementation and support of the network equipment needed to run the IT setup like routers, switches, etc. The company designs the solution for customers who need to put their applications on Cloud. It helps with the application migration and manages the setup in the cloud. It aims to reduce the Total Cost of Ownership (TCO) and increase Return on Investment (RoI) for its customers to adopt any kind of Digital Transformation use case with its technology-led and innovation-driven approach.

Synoptics Technologies Headlines

No Headlines