Bharat Electronics (NSE:BEL) Effective Interest Rate on Debt % : 25.92% (As of Mar. 2024)

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What is Bharat Electronics 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. Bharat Electronics's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹162 Mil. Bharat Electronics's average total debt for the quarter that ended in Mar. 2024 was ₹625 Mil. Therefore, Bharat Electronics's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 25.92%.

Bharat Electronics Effective Interest Rate on Debt % Historical Data

The historical data trend for Bharat Electronics'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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Bharat Electronics Effective Interest Rate on Debt % Chart

Bharat Electronics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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13.18

84.08

16.88

26.22

11.53

Bharat Electronics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	16.04	9.84	3.32	25.92

Competitive Comparison of Bharat Electronics's Effective Interest Rate on Debt %

For the Aerospace & Defense subindustry, Bharat Electronics'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.

Bharat Electronics's Effective Interest Rate on Debt % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Bharat Electronics's Effective Interest Rate on Debt % distribution charts can be found below:

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

Bharat Electronics Effective Interest Rate on Debt % Calculation

Bharat Electronics'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 * -71.4	/	( (613.4	+	625.1)	/ 2 )
=	-1 * -71.4	/	619.25
=	11.53 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	594.2	+	19.2
=	613.4

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	602.5	+	22.6
=	625.1

Bharat Electronics'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 * -162	/	( (0	+	625.1)	/ 1 )
=	-1 * -162	/	625.1
=	25.92 %

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
=	602.5	+	22.6
=	625.1

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.

Bharat Electronics (NSE:BEL) Effective Interest Rate on Debt % Explanation

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

Bharat Electronics Effective Interest Rate on Debt % Related Terms

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Bharat Electronics (NSE:BEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Bharat Electronics Ltd (NSE:BEL) » Definitions » Effective Interest Rate on Debt %

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500049:India

Address

Outer Ring Road, Nagavara, Bengaluru, KA, IND, 560 045

Website

https://bel-india.in

Bharat Electronics Ltd is an aerospace and defense company owned by the Indian government. It manufactures a wide range of specialized electronics for defense and civilian use. Its investments are made in research and development to meet the ever-changing needs of customers and to test products in its pipeline. With approximately three fourths of its revenue derived from the defense sector, relationships with government officials and military camps are critical. The company created a marketing division to take advantage of export opportunities. It ships products to countries with favorable relationships to India and looks to identify long-term supply chain relationships with global players.

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