Indo Borax & Chemicals (BOM:524342) Effective Interest Rate on Debt % : 22.09% (As of Mar. 2024)

View and export this data going back to 2001. Start your Free Trial

What is Indo Borax & Chemicals 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. Indo Borax & Chemicals's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹0 Mil. Indo Borax & Chemicals's average total debt for the quarter that ended in Mar. 2024 was ₹0 Mil. Therefore, Indo Borax & Chemicals's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 22.09%.

Indo Borax & Chemicals Effective Interest Rate on Debt % Historical Data

The historical data trend for Indo Borax & Chemicals'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.

* Premium members only.

Indo Borax & Chemicals Effective Interest Rate on Debt % Chart

Indo Borax & Chemicals Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

32.81

12.00

282.26

18.38

Indo Borax & Chemicals 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															17.13	1.22	17.13	33.03	22.09

Competitive Comparison of Indo Borax & Chemicals's Effective Interest Rate on Debt %

For the Chemicals subindustry, Indo Borax & Chemicals'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.

Indo Borax & Chemicals's Effective Interest Rate on Debt % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Indo Borax & Chemicals's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Indo Borax & Chemicals's Effective Interest Rate on Debt % falls into.

Indo Borax & Chemicals Effective Interest Rate on Debt % Calculation

Indo Borax & Chemicals'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 * -0.06	/	( (0.327	+	0.326)	/ 2 )
=	-1 * -0.06	/	0.3265
=	18.38 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.327	+	0
=	0.327

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.326	+	0
=	0.326

Indo Borax & Chemicals'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 * -0.072	/	( (0	+	0.326)	/ 1 )
=	-1 * -0.072	/	0.326
=	22.09 %

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
=	0.326	+	0
=	0.326

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.

Indo Borax & Chemicals (BOM:524342) Effective Interest Rate on Debt % Explanation

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

Indo Borax & Chemicals Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Indo Borax & Chemicals's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Indo Borax & Chemicals (BOM:524342) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Indo Borax & Chemicals Ltd (BOM:524342) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

INDOBORAX:India

Address

Linking Road, 302, Link Rose, Santacruz West, Mumbai, MH, IND, 400054

Website

http://www.indoborax.com

Indo Borax & Chemicals Ltd is engaged in the manufacturing and selling of chemical products. The company's product offerings include Boric acid powder, Boric acid granular, Boric acid, Borax decahydrate granular and Borax decahydrate crystal. The company is operating in a single reportable segment i.e. manufacturing and selling of Chemicals. Its products Boric acid powder has applications in metallurgical operation, electroplating industry, nylon dyeing, nylon manufacturing and agricultural use. It derives revenues from the sale of manufactured goods, traded goods and related services.

Indo Borax & Chemicals (BOM:524342) Headlines

No Headlines