Jay shree Tea & Industries (BOM:509715) Effective Interest Rate on Debt % : 13.32% (As of Mar. 2024)

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What is Jay shree Tea & Industries 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. Jay shree Tea & Industries's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹431 Mil. Jay shree Tea & Industries's average total debt for the quarter that ended in Mar. 2024 was ₹3,235 Mil. Therefore, Jay shree Tea & Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 13.32%.

Jay shree Tea & Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for Jay shree Tea & Industries'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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Jay shree Tea & Industries Effective Interest Rate on Debt % Chart

Jay shree Tea & Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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11.16

10.21

10.00

10.85

12.03

Jay shree Tea & Industries 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															11.82	11.21	12.96	12.12	13.32

Competitive Comparison of Jay shree Tea & Industries's Effective Interest Rate on Debt %

For the Farm Products subindustry, Jay shree Tea & Industries'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.

Jay shree Tea & Industries's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Jay shree Tea & Industries's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Jay shree Tea & Industries's Effective Interest Rate on Debt % falls into.

Jay shree Tea & Industries Effective Interest Rate on Debt % Calculation

Jay shree Tea & Industries'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 * -375.9	/	( (3014.369	+	3234.9)	/ 2 )
=	-1 * -375.9	/	3124.6345
=	12.03 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	413.119	+	2601.25
=	3014.369

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	344.1	+	2890.8
=	3234.9

Jay shree Tea & Industries'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 * -430.8	/	( (0	+	3234.9)	/ 1 )
=	-1 * -430.8	/	3234.9
=	13.32 %

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
=	344.1	+	2890.8
=	3234.9

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.

Jay shree Tea & Industries (BOM:509715) Effective Interest Rate on Debt % Explanation

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

Jay shree Tea & Industries Effective Interest Rate on Debt % Related Terms

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Jay shree Tea & Industries (BOM:509715) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Jay shree Tea & Industries Ltd (BOM:509715) » Definitions » Effective Interest Rate on Debt %

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JAYSREETEA:India

Address

10 Camac Street, Industry House, 15th Floor, Kolkata, WB, IND, 700017

Website

https://www.jayshreetea.com

Jay shree Tea & Industries Ltd is engaged in the cultivation, production, and export of tea. The company is also engaged in the manufacturing of chemicals, fertilizers, sugar production, and warehousing activities. Its segments include Tea, Sugar, and Chemicals and fertilizers. It derives most of its revenue from the Tea segment. It offers various tea categories, such as Darjeeling Tea, Assam Orthodox Tea, Assam CTC. Geographically, it generates the majority of the revenue from India.

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