Supreme Industries (BOM:509930) Effective Interest Rate on Debt % : 27.53% (As of Mar. 2024)

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What is Supreme 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. Supreme Industries's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹152 Mil. Supreme Industries's average total debt for the quarter that ended in Mar. 2024 was ₹551 Mil. Therefore, Supreme Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 27.53%.

Supreme Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for Supreme 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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Supreme Industries Effective Interest Rate on Debt % Chart

Supreme Industries Annual Data

Trend

Jun15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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9.03

8.54

9.90

13.51

22.95

Supreme Industries 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															10.94	20.01	13.07	47.19	27.53

Competitive Comparison of Supreme Industries's Effective Interest Rate on Debt %

For the Building Products & Equipment subindustry, Supreme 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.

Supreme Industries's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Supreme Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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

Supreme Industries Effective Interest Rate on Debt % Calculation

Supreme 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 * -121.9	/	( (511.7	+	550.6)	/ 2 )
=	-1 * -121.9	/	531.15
=	22.95 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	367.2	+	144.5
=	511.7

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	421.3	+	129.3
=	550.6

Supreme 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 * -151.6	/	( (0	+	550.6)	/ 1 )
=	-1 * -151.6	/	550.6
=	27.53 %

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
=	421.3	+	129.3
=	550.6

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.

Supreme Industries (BOM:509930) Effective Interest Rate on Debt % Explanation

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

Supreme Industries Effective Interest Rate on Debt % Related Terms

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Supreme Industries (BOM:509930) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Supreme Industries Ltd (BOM:509930) » Definitions » Effective Interest Rate on Debt %

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SUPREMEIND:India

Address

167, Guru Hargovindji Marg, 1161 & 1162 Solitaire Corporate Park, Andheri Ghatkopar Link Road, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.supreme.co.in

Supreme Industries Ltd is an Indian plastic processor company. The company is engaged in the manufacturing of plastic products. The company operates in five segments namely Plastics piping systems, Consumer products, Industrial Products, Packaging Products and Other Products. The company has forayed into different types of plastic processing in Injection Moulding, Rotational Moulding (ROTO), Extrusion, Compression Moulding and Blow Moulding. The company mainly earns its revenue from the sale of plastic products.

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