VRL Logistics (NSE:VRLLOG) Effective Interest Rate on Debt % : 8.40% (As of Mar. 2024)

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What is VRL Logistics 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. VRL Logistics's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹870 Mil. VRL Logistics's average total debt for the quarter that ended in Mar. 2024 was ₹10,363 Mil. Therefore, VRL Logistics's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.40%.

VRL Logistics Effective Interest Rate on Debt % Historical Data

The historical data trend for VRL Logistics'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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VRL Logistics Effective Interest Rate on Debt % Chart

VRL Logistics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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12.33

8.36

8.78

8.65

8.87

VRL Logistics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.38	9.04	8.17	9.41	8.40

Competitive Comparison of VRL Logistics's Effective Interest Rate on Debt %

For the Trucking subindustry, VRL Logistics'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.

VRL Logistics's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, VRL Logistics's Effective Interest Rate on Debt % distribution charts can be found below:

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

VRL Logistics Effective Interest Rate on Debt % Calculation

VRL Logistics'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 * -778.648	/	( (7197.201	+	10363.287)	/ 2 )
=	-1 * -778.648	/	8780.244
=	8.87 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5224.848	+	1972.353
=	7197.201

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7675.602	+	2687.685
=	10363.287

VRL Logistics'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: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -870.228	/	( (0	+	10363.287)	/ 1 )
=	-1 * -870.228	/	10363.287
=	8.40 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7675.602	+	2687.685
=	10363.287

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

VRL Logistics (NSE:VRLLOG) Effective Interest Rate on Debt % Explanation

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

VRL Logistics Effective Interest Rate on Debt % Related Terms

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VRL Logistics (NSE:VRLLOG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » VRL Logistics Ltd (NSE:VRLLOG) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

539118:India

Address

Circuit House Road, Giriraj Annexe, Hubballi, KA, IND, 580 029

Website

http://www.vrllogistics.com

VRL Logistics Ltd is engaged in the business of logistics services dealing mainly with goods and passenger transportation. The company operates through four segments namely, Goods transport, Bus operations, Sale of power and Transport of passengers by air. Its Goods transport segment, which generates key revenue for the company, uses a range of road transportation solutions for the customers, including less than full truckload and full truckload. It also does courier business for the transportation of small parcels and documents using a range of multi-model solutions. The Bus operations division offers services of transportation solutions through Buses. Geographically the group derives prime revenue from India.

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