Tribhovandas Bhimji Zaveri (NSE:TBZ) Effective Interest Rate on Debt % : 7.89% (As of Sep. 2024)

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What is Tribhovandas Bhimji Zaveri 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. Tribhovandas Bhimji Zaveri's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ₹524 Mil. Tribhovandas Bhimji Zaveri's average total debt for the quarter that ended in Sep. 2024 was ₹6,643 Mil. Therefore, Tribhovandas Bhimji Zaveri's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 7.89%.

Tribhovandas Bhimji Zaveri Effective Interest Rate on Debt % Historical Data

The historical data trend for Tribhovandas Bhimji Zaveri'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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Tribhovandas Bhimji Zaveri Effective Interest Rate on Debt % Chart

Tribhovandas Bhimji Zaveri Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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8.22

8.07

6.20

7.36

7.84

Tribhovandas Bhimji Zaveri Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.08	8.05	6.32	8.34	7.89

Competitive Comparison of Tribhovandas Bhimji Zaveri's Effective Interest Rate on Debt %

For the Luxury Goods subindustry, Tribhovandas Bhimji Zaveri'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.

Tribhovandas Bhimji Zaveri's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tribhovandas Bhimji Zaveri's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Tribhovandas Bhimji Zaveri's Effective Interest Rate on Debt % falls into.

Tribhovandas Bhimji Zaveri Effective Interest Rate on Debt % Calculation

Tribhovandas Bhimji Zaveri'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 * -466.184	/	( (5754.34	+	6139.545)	/ 2 )
=	-1 * -466.184	/	5946.9425
=	7.84 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	682	+	5072.34
=	5754.34

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	670.841	+	5468.704
=	6139.545

Tribhovandas Bhimji Zaveri'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 * -524.172	/	( (0	+	6643.362)	/ 1 )
=	-1 * -524.172	/	6643.362
=	7.89 %

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
=	683.615	+	5959.747
=	6643.362

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.

Tribhovandas Bhimji Zaveri (NSE:TBZ) Effective Interest Rate on Debt % Explanation

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

Tribhovandas Bhimji Zaveri Effective Interest Rate on Debt % Related Terms

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Tribhovandas Bhimji Zaveri Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tribhovandas Bhimji Zaveri Ltd (NSE:TBZ) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

534369:India

Address

Free Press Journal Road, 1106 to 1121, 11th Floor, West Wing, Tulsiani Chambers, 212, Backbay Reclamation, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.tbztheoriginal.com

Tribhovandas Bhimji Zaveri Ltd is an Indian company engaged in manufacturing/trading and selling jewellery. Its product category is Gold, Diamond, Jadau, and, Platinum Jewellery. Its product range is Rings, Earrings, Necklaces, Mangalsutra, Pendants, Bangles, Bracelets, and Coins. The company provides jewellery for various occasions including weddings, festivals, everyday wear, and contemporary, and traditional wear. The company's business activity falls within a single primary business segment of Jewellery and one reportable geographical segment which is within India.

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