Veritaas Advertising (NSE:VERITAAS) Effective Interest Rate on Debt % : 12.05% (As of Sep. 2024)

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What is Veritaas Advertising 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. Veritaas Advertising's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ₹3.11 Mil. Veritaas Advertising's average total debt for the quarter that ended in Sep. 2024 was ₹25.83 Mil. Therefore, Veritaas Advertising's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 12.05%.

Veritaas Advertising Effective Interest Rate on Debt % Historical Data

The historical data trend for Veritaas Advertising'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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Veritaas Advertising Effective Interest Rate on Debt % Chart

Veritaas Advertising Annual Data

Trend

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

3.10

13.06

Veritaas Advertising Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
Effective Interest Rate on Debt %	-	-	-	12.77	12.05

Competitive Comparison of Veritaas Advertising's Effective Interest Rate on Debt %

For the Advertising Agencies subindustry, Veritaas Advertising'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.

Veritaas Advertising's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

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

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

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Veritaas Advertising Effective Interest Rate on Debt % Calculation

Veritaas Advertising's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -1.363	/	( (7.473	+	13.402)	/ 2 )
=	-1 * -1.363	/	10.4375
=	13.06 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.069	+	6.404
=	7.473

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.407	+	8.995
=	13.402

Veritaas Advertising'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: Sep. 2023 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -3.112	/	( (0	+	25.833)	/ 1 )
=	-1 * -3.112	/	25.833
=	12.05 %

where

	Total Debt (Q: Sep. 2023 )
=	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
=	8.699	+	17.134
=	25.833

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

Veritaas Advertising (NSE:VERITAAS) Effective Interest Rate on Debt % Explanation

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

Veritaas Advertising Effective Interest Rate on Debt % Related Terms

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Veritaas Advertising Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Veritaas Advertising Ltd (NSE:VERITAAS) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

Gariahat South Road, 38/2A, Dhakuria, Rash Behari Avenue, Kolkata, WB, IND, 700029

Website

https://www.veritaasadvertising.com

Veritaas Advertising Ltd is an integrated advertising agency offering 360-degree services across multiple platforms. It operate/advertise in police booths and outdoor hoardings and offer marketing and advertising services through the following platforms OOH, Transit Media and Events. It provide high-end ecosystem and end-to-end advertising solutions platform for advertising media services consisting of Brand Strategy, Events, Outdoor (OOH) Media services which covers advertisement modes such as police booth hoardings, Newspapers insertions, Brochures, and display of Outdoor Hoardings, etc.

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