Acknit Industries (BOM:530043) Effective Interest Rate on Debt % : 4.18% (As of Mar. 2024)

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What is Acknit 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. Acknit Industries's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹24 Mil. Acknit Industries's average total debt for the quarter that ended in Mar. 2024 was ₹586 Mil. Therefore, Acknit Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 4.18%.

Acknit Industries Effective Interest Rate on Debt % Historical Data

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

Acknit Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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8.17

5.73

4.08

5.33

4.70

Acknit 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															5.45	5.53	8.45	6.98	4.18

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

For the Footwear & Accessories subindustry, Acknit 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.

Acknit Industries's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Acknit Industries Effective Interest Rate on Debt % Calculation

Acknit 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 * -23.844	/	( (429.897	+	585.543)	/ 2 )
=	-1 * -23.844	/	507.72
=	4.70 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.387	+	427.51
=	429.897

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.584	+	583.959
=	585.543

Acknit 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 * -24.452	/	( (0	+	585.543)	/ 1 )
=	-1 * -24.452	/	585.543
=	4.18 %

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
=	1.584	+	583.959
=	585.543

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.

Acknit Industries (BOM:530043) Effective Interest Rate on Debt % Explanation

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

Acknit Industries Effective Interest Rate on Debt % Related Terms

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Acknit Industries (BOM:530043) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Acknit Industries Ltd (BOM:530043) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ecostation, Block - BP, Plot No.7, Sector- V, 5th Floor, Suit No. 504, Salt Lake City, Kolkata, WB, IND, 700091

Website

https://www.acknitindia.com

Acknit Industries Ltd manufactures all types of garments, gloves, and other apparel products. The company operates through four segments namely Hand gloves, Garments, Other & traded items, and Power generation segment. Most of the firm's revenue gets derived from the Hand Gloves segment which consists of cut and sewn dipped gloves, seamless dipped gloves, Canadian/ welder/ driver gloves, Cut resistant gloves, heat resistant gloves, and kelvlar leather gloves.

Acknit Industries (BOM:530043) Headlines

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