InterGlobe Aviation (NSE:INDIGO) Effective Interest Rate on Debt % : 8.57% (As of Mar. 2024)

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What is InterGlobe Aviation 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. InterGlobe Aviation's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹43,965 Mil. InterGlobe Aviation's average total debt for the quarter that ended in Mar. 2024 was ₹512,800 Mil. Therefore, InterGlobe Aviation's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.57%.

InterGlobe Aviation Effective Interest Rate on Debt % Historical Data

The historical data trend for InterGlobe Aviation'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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InterGlobe Aviation Effective Interest Rate on Debt % Chart

InterGlobe Aviation Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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14.75

8.15

7.07

7.66

8.67

InterGlobe Aviation 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															8.19	8.51	8.27	8.87	8.57

Competitive Comparison of InterGlobe Aviation's Effective Interest Rate on Debt %

For the Airlines subindustry, InterGlobe Aviation'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.

InterGlobe Aviation's Effective Interest Rate on Debt % Distribution in the Transportation Industry

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

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

InterGlobe Aviation Effective Interest Rate on Debt % Calculation

InterGlobe Aviation'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 * -41693.54	/	( (448542.13	+	512800.2)	/ 2 )
=	-1 * -41693.54	/	480671.165
=	8.67 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	322246.09	+	126296.04
=	448542.13

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	378634.62	+	134165.58
=	512800.2

InterGlobe Aviation'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 * -43965.12	/	( (0	+	512800.2)	/ 1 )
=	-1 * -43965.12	/	512800.2
=	8.57 %

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
=	378634.62	+	134165.58
=	512800.2

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.

InterGlobe Aviation (NSE:INDIGO) Effective Interest Rate on Debt % Explanation

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

InterGlobe Aviation Effective Interest Rate on Debt % Related Terms

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InterGlobe Aviation (NSE:INDIGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » InterGlobe Aviation Ltd (NSE:INDIGO) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

539448:India

Address

Mehrauli-Gurgaon Road, Level 1-5, Tower - C, Global Business Park, Gurgaon, HR, IND, 122 002

Website

https://www.goindigo.in

InterGlobe Aviation Ltd is an airline service provider based in India. The company serves as a low-cost carrier through its Indigo brand. The company caters to its customers through an official website and the IndigoGo App, enabling them to book airline tickets and travel packages. The segments of the company are Air transportation services and Other income. The company earns its revenue predominantly through passenger ticket sales of the domestic airline operation.

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