Tata Motors (XSWX:TTM) Effective Interest Rate on Debt % : 7.46% (As of Dec. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Tata Motors 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 Motors's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was CHF1,032 Mil. Tata Motors's average total debt for the quarter that ended in Dec. 2023 was CHF13,847 Mil. Therefore, Tata Motors's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.46%.

Tata Motors Effective Interest Rate on Debt % Historical Data

The historical data trend for Tata Motors'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.

* Premium members only.

Tata Motors Effective Interest Rate on Debt % Chart

Tata Motors Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

5.62

5.74

5.86

6.15

6.76

Tata Motors Quarterly Data
	Mar13	Dec13	Mar14	Dec14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.91	7.57	7.29	8.30	7.46

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

For the Auto Manufacturers subindustry, Tata Motors'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 Motors's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tata Motors's Effective Interest Rate on Debt % distribution charts can be found below:

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

Tata Motors Effective Interest Rate on Debt % Calculation

Tata Motors'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 * -1150.369	/	( (18341.342	+	15709.02)	/ 2 )
=	-1 * -1150.369	/	17025.181
=	6.76 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12804.978	+	5536.364
=	18341.342

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11111.006	+	4598.014
=	15709.02

Tata Motors's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -1032.48	/	( (13846.963	+	0)	/ 1 )
=	-1 * -1032.48	/	13846.963
=	7.46 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9565.829	+	4281.134
=	13846.963

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

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Tata Motors (XSWX:TTM) Effective Interest Rate on Debt % Explanation

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

Tata Motors Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Tata Motors's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Tata Motors (XSWX:TTM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tata Motors Ltd (XSWX:TTM) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

TATAMTRDVR:India TATAMOTORS:India 570001:India 500570:India

Address

24, Homi Mody Street, Bombay House, Mumbai, MH, IND, 400 001

Website

https://www.tatamotors.com

Tata Motors Ltd is an automobile manufacturer company. The company's segment includes Automotive and others. The Automotive segment consists of four reportable sub-segments: Tata Commercial Vehicles, Tata Passenger Vehicles, Jaguar Land Rover, and Vehicle Financing. Others consist of IT services and Insurance Broking services. Geographically, it derives a majority of its revenue from India.