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H P Cotton Textile Mills (BOM:502873) Effective Interest Rate on Debt % : 17.53% (As of Mar. 2024)


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What is H P Cotton Textile Mills 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. H P Cotton Textile Mills's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹68.8 Mil. H P Cotton Textile Mills's average total debt for the quarter that ended in Mar. 2024 was ₹392.5 Mil. Therefore, H P Cotton Textile Mills's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 17.53%.


H P Cotton Textile Mills Effective Interest Rate on Debt % Historical Data

The historical data trend for H P Cotton Textile Mills'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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H P Cotton Textile Mills Effective Interest Rate on Debt % Chart

H P Cotton Textile Mills Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.27 11.29 9.43 13.35 15.80

H P Cotton Textile Mills 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.03 12.93 14.65 16.15 17.53

Competitive Comparison of H P Cotton Textile Mills's Effective Interest Rate on Debt %

For the Textile Manufacturing subindustry, H P Cotton Textile Mills'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.


H P Cotton Textile Mills's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, H P Cotton Textile Mills's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where H P Cotton Textile Mills's Effective Interest Rate on Debt % falls into.



H P Cotton Textile Mills Effective Interest Rate on Debt % Calculation

H P Cotton Textile Mills'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  *  -66.7/( (451.603+392.5)/ 2 )
=-1  *  -66.7/422.0515
=15.80 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=130.824 + 320.779
=451.603

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=104.6 + 287.9
=392.5

H P Cotton Textile Mills'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  *  -68.8/( (0+392.5)/ 1 )
=-1  *  -68.8/392.5
=17.53 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=104.6 + 287.9
=392.5

* 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.

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.


H P Cotton Textile Mills  (BOM:502873) Effective Interest Rate on Debt % Explanation

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


H P Cotton Textile Mills Effective Interest Rate on Debt % Related Terms

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H P Cotton Textile Mills (BOM:502873) Business Description

Traded in Other Exchanges
N/A
Address
1 & 2, Old Ishwar Nagar, Mathura Road, F (0), The Mira Corporate Suites, New Delhi, IND, 110065
H P Cotton Textile Mills Ltd manufactures cotton yarns and threads and is an exporter of cotton specialty yarns and cotton sewing threads. It manufactures two types of threads namely sewing threads and hosiery yarn. Its product portfolio includes Crocheta Crochet Threads, Peecock Hand Knitting Yarn, Embroidery Threads, Lace Threads, Patchwork and Quilting, Kite Flying Thread, Cotton Sewing Threads, and Mercerized Cotton RFD Threads. Geographically, the company generates sales from India as well as outside India. It generates a vast majority of the revenues from sewing thread products from outside India.

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