Sikhar Insurance Co.Ltd (XNEP:SICL) Effective Interest Rate on Debt % : 27.01% (As of Oct. 2024)

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What is Sikhar Insurance Co.Ltd 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. Sikhar Insurance Co.Ltd's annualized positive value of Interest Expense for the quarter that ended in Oct. 2024 was NPR27 Mil. Sikhar Insurance Co.Ltd's average total debt for the quarter that ended in Oct. 2024 was NPR99 Mil. Therefore, Sikhar Insurance Co.Ltd's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2024 was 27.01%.

Sikhar Insurance Co.Ltd Effective Interest Rate on Debt % Historical Data

The historical data trend for Sikhar Insurance Co.Ltd'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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Sikhar Insurance Co.Ltd Effective Interest Rate on Debt % Chart

Sikhar Insurance Co.Ltd Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Effective Interest Rate on Debt %

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8.03

15.54

21.51

Sikhar Insurance Co.Ltd Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															13.16	23.73	55.63	-	27.01

Competitive Comparison of Sikhar Insurance Co.Ltd's Effective Interest Rate on Debt %

For the Insurance - Property & Casualty subindustry, Sikhar Insurance Co.Ltd'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.

Sikhar Insurance Co.Ltd's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Sikhar Insurance Co.Ltd's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Sikhar Insurance Co.Ltd's Effective Interest Rate on Debt % falls into.

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Sikhar Insurance Co.Ltd Effective Interest Rate on Debt % Calculation

Sikhar Insurance Co.Ltd's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jul. 2023 )	+	Total Debt (A: Jul. 2024 ))	/ count )
=	-1 * -28.013	/	( (233.493	+	27)	/ 2 )
=	-1 * -28.013	/	130.2465
=	21.51 %

where

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	85.691	+	147.802
=	233.493

	Total Debt (A: Jul. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	27	+	0
=	27

Sikhar Insurance Co.Ltd's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jul. 2024 )	+	Total Debt (Q: Oct. 2024 ))	/ count )
=	-1 * -26.604	/	( (27	+	170)	/ 2 )
=	-1 * -26.604	/	98.5
=	27.01 %

where

	Total Debt (Q: Jul. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	27	+	0
=	27

	Total Debt (Q: Oct. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	170	+	0
=	170

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

Sikhar Insurance Co.Ltd (XNEP:SICL) Effective Interest Rate on Debt % Explanation

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

Sikhar Insurance Co.Ltd Effective Interest Rate on Debt % Related Terms

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Sikhar Insurance Co.Ltd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sikhar Insurance Co.Ltd (XNEP:SICL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shikhar Biz Centre, P.O. Box 10692, Thapathali, Kathmandu, NPL

Website

https://www.shikharinsurance.com

Sikhar Insurance Co.Ltd is engaged in providing non-life insurance services. The company's operating segments include fire; marine; motor; engineering; micro; aviation; cattle and crop and miscellaneous. It generates maximum revenue from the motor segment. The company offers Agri Insurance; Aviation Insurance; Banker's Indemnity Insurance; Cash in Transit; Duty Insurance; Fidelity Guarantee; Fire and Allied Peril; Group Medical; Group Personal Accident; Household Insurance; Secure Mind Insurance and others.

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