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Thinking Hats Entertainment Solutions (NSE:THESL) Effective Interest Rate on Debt % : 11.48% (As of Mar. 2024)


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What is Thinking Hats Entertainment Solutions 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. Thinking Hats Entertainment Solutions's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹5.5 Mil. Thinking Hats Entertainment Solutions's average total debt for the quarter that ended in Mar. 2024 was ₹47.9 Mil. Therefore, Thinking Hats Entertainment Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 11.48%.

Thinking Hats Entertainment Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for Thinking Hats Entertainment Solutions'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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Thinking Hats Entertainment Solutions Effective Interest Rate on Debt % Chart

Thinking Hats Entertainment Solutions Annual Data
Trend Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
0.48 6.98 11.48

Thinking Hats Entertainment Solutions Semi-Annual Data
Mar22 Mar23 Mar24
Effective Interest Rate on Debt % 0.48 6.98 11.48

Competitive Comparison of Thinking Hats Entertainment Solutions's Effective Interest Rate on Debt %

For the Advertising Agencies subindustry, Thinking Hats Entertainment Solutions'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.

Thinking Hats Entertainment Solutions's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Thinking Hats Entertainment Solutions's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Thinking Hats Entertainment Solutions's Effective Interest Rate on Debt % falls into.


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Thinking Hats Entertainment Solutions Effective Interest Rate on Debt % Calculation

Thinking Hats Entertainment Solutions'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  *  -5.493/( (41.366+54.346)/ 2 )
=-1  *  -5.493/47.856
=11.48 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.052 + 31.314
=41.366

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.199 + 45.147
=54.346

Thinking Hats Entertainment Solutions'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  *  -5.493/( (41.366+54.346)/ 2 )
=-1  *  -5.493/47.856
=11.48 %

where

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=10.052 + 31.314
=41.366

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=9.199 + 45.147
=54.346

* 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 one times the annual (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Thinking Hats Entertainment Solutions  (NSE:THESL) Effective Interest Rate on Debt % Explanation

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

Thinking Hats Entertainment Solutions Effective Interest Rate on Debt % Related Terms

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Thinking Hats Entertainment Solutions Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Thinking Hats Entertainment Solutions Ltd (NSE:THESL) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
N/A
Address
5th Floor, B 9 Pinnacle Business, Park Sector 3 Noida, Gautam Buddha Nagar, Noida, UP, IND, 201301
Website
https://www.thes.in
Thinking Hats Entertainment Solutions Ltd is a concept development, event design and production company that specializes in live events, corporate, MICE (Meetings, Incentives, Conferences and Exhibitions), social and virtual events to an OTT content production and experiential marketing company with a focus on content development, intellectual property curation and tech centric product development. The company operates in two reportable segment (Business segment) i.e. Event Management and OTT Sales. Key revenue is generated from Event Management segment.

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