Techera Engineering (India) (NSE:TECHERA) Effective Interest Rate on Debt % : 8.54% (As of Mar. 2024)

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What is Techera Engineering (India) 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. Techera Engineering (India)'s annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹12.0 Mil. Techera Engineering (India)'s average total debt for the quarter that ended in Mar. 2024 was ₹140.4 Mil. Therefore, Techera Engineering (India)'s annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.54%.

Techera Engineering (India) Effective Interest Rate on Debt % Historical Data

The historical data trend for Techera Engineering (India)'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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Techera Engineering (India) Effective Interest Rate on Debt % Chart

Techera Engineering (India) Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

4.92

7.80

8.26

8.54

Techera Engineering (India) Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Effective Interest Rate on Debt %	4.92	7.80	8.26	8.54

Competitive Comparison of Techera Engineering (India)'s Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, Techera Engineering (India)'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.

Techera Engineering (India)'s Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Techera Engineering (India)'s Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Techera Engineering (India)'s Effective Interest Rate on Debt % falls into.

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Techera Engineering (India) Effective Interest Rate on Debt % Calculation

Techera Engineering (India)'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 * -11.992	/	( (137.71	+	142.998)	/ 2 )
=	-1 * -11.992	/	140.354
=	8.54 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	53.143	+	84.567
=	137.71

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	55.384	+	87.614
=	142.998

Techera Engineering (India)'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 * -11.992	/	( (137.71	+	142.998)	/ 2 )
=	-1 * -11.992	/	140.354
=	8.54 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	53.143	+	84.567
=	137.71

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	55.384	+	87.614
=	142.998

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.

Techera Engineering (India) (NSE:TECHERA) Effective Interest Rate on Debt % Explanation

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

Techera Engineering (India) Effective Interest Rate on Debt % Related Terms

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Techera Engineering (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Techera Engineering (India) Ltd (NSE:TECHERA) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

Gat No. 565, Behind Namo Marble & Timbers At Post Velu, Taluka Bho, Pune, MH, IND, 412205

Website

https://www.techera.co.in

Techera Engineering (India) Ltd is engages in the design, manufacture, and supply of precision tooling, components for the aerospace and defense industries, and automation system solutions. Its product portfolio includes assembly toolings, jigs, fixtures, maintenance, repair, and overhaul (MRO) toolings, ground support equipment, and precision machined components.

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