The Shipping of India (BOM:523598) Effective Interest Rate on Debt % : 7.29% (As of Mar. 2024)

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What is The Shipping of India 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. The Shipping of India's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹2,125 Mil. The Shipping of India's average total debt for the quarter that ended in Mar. 2024 was ₹29,142 Mil. Therefore, The Shipping of India's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.29%.

The Shipping of India Effective Interest Rate on Debt % Historical Data

The historical data trend for The Shipping of India'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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The Shipping of India Effective Interest Rate on Debt % Chart

The Shipping of India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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3.95

2.27

1.91

6.35

6.21

The Shipping of India 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															15.80	5.45	9.71	6.63	7.29

Competitive Comparison of The Shipping of India's Effective Interest Rate on Debt %

For the Marine Shipping subindustry, The Shipping of India'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.

The Shipping of India's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, The Shipping of India's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where The Shipping of India's Effective Interest Rate on Debt % falls into.

The Shipping of India Effective Interest Rate on Debt % Calculation

The Shipping of India'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 * -1713.1	/	( (26045.8	+	29142.2)	/ 2 )
=	-1 * -1713.1	/	27594
=	6.21 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16787.5	+	9258.3
=	26045.8

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15838.3	+	13303.9
=	29142.2

The Shipping of India'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 * -2125.2	/	( (0	+	29142.2)	/ 1 )
=	-1 * -2125.2	/	29142.2
=	7.29 %

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
=	15838.3	+	13303.9
=	29142.2

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.

The Shipping of India (BOM:523598) Effective Interest Rate on Debt % Explanation

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

The Shipping of India Effective Interest Rate on Debt % Related Terms

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The Shipping of India (BOM:523598) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » The Shipping Corp of India Ltd (BOM:523598) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

SCI:India

Address

245, Madame Cama Road, Shipping House, Nariman Point, Mumbai, MH, IND, 400021

Website

http://www.shipindia.com

The Shipping Corp of India Ltd is engaged in the sea and coastal freight water transport business. The company's segments include Liner, Bulk, Tanker, Technical and Offshore service, and others. Its Liner segment includes break-bulk, container transport, passenger and research vessels. The Bulk segment consists of dry bulk carriers. The tankers segment that derives the majority revenue comprises of crude and product carriers, gas carriers, and phosphoric acid carriers. The company's Technical and Offshore services segment covers owned offshore vessels and the others segment incorporates income earned from the maritime training institute. Its business operations are confined only to India.

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