Tata Consultancy Services (Tata Consultancy Services) Effective Interest Rate on Debt % : 11.27% (As of Mar. 2024)

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What is Tata Consultancy Services 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. Tata Consultancy Services's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $108.89 Mil. Tata Consultancy Services's average total debt for the quarter that ended in Mar. 2024 was $966.14 Mil. Therefore, Tata Consultancy Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 11.27%.

Tata Consultancy Services Effective Interest Rate on Debt % Historical Data

The historical data trend for Tata Consultancy Services'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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Tata Consultancy Services Effective Interest Rate on Debt % Chart

Tata Consultancy Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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21.12

8.07

9.82

9.66

9.86

Tata Consultancy Services 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															14.18	8.48	8.18	11.82	11.27

Competitive Comparison of Tata Consultancy Services's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, Tata Consultancy Services'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.

Tata Consultancy Services's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, Tata Consultancy Services's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Tata Consultancy Services's Effective Interest Rate on Debt % falls into.

Tata Consultancy Services Effective Interest Rate on Debt % Calculation

Tata Consultancy Services'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 * -93.711	/	( (934.524	+	966.137)	/ 2 )
=	-1 * -93.711	/	950.3305
=	9.86 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	754.013	+	180.511
=	934.524

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	784.858	+	181.279
=	966.137

Tata Consultancy Services'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 * -108.888	/	( (0	+	966.137)	/ 1 )
=	-1 * -108.888	/	966.137
=	11.27 %

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
=	784.858	+	181.279
=	966.137

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.

Tata Consultancy Services (OTCPK:TTNQY) Effective Interest Rate on Debt % Explanation

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

Tata Consultancy Services Effective Interest Rate on Debt % Related Terms

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Tata Consultancy Services (Tata Consultancy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tata Consultancy Services Ltd (OTCPK:TTNQY) » Definitions » Effective Interest Rate on Debt %

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TCS:India 532540:India

Address

Raveline Street, TCS House, Fort, Mumbai, MH, IND, 400001

Website

http://www.tcs.com

Tata Consultancy Services is a leading global IT services provider, with nearly 450,000 employees. Based in Mumbai, the India IT services firm leverages its offshore outsourcing model to derive half of its revenue from North America. The company offers traditional IT services offerings: consulting, managed services, and cloud infrastructure services as well as business process outsourcing as a service, or BPaaS.