Asian Star Co (BOM:531847) Effective Interest Rate on Debt % : 10.73% (As of Mar. 2024)

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What is Asian Star Co 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. Asian Star Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹796 Mil. Asian Star Co's average total debt for the quarter that ended in Mar. 2024 was ₹7,414 Mil. Therefore, Asian Star Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 10.73%.

Asian Star Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Asian Star Co'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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Asian Star Co Effective Interest Rate on Debt % Chart

Asian Star Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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2.49

0.25

0.85

4.58

5.49

Asian Star Co 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															10.40	3.25	3.63	3.77	10.73

Competitive Comparison of Asian Star Co's Effective Interest Rate on Debt %

For the Luxury Goods subindustry, Asian Star Co'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.

Asian Star Co's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Asian Star Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Asian Star Co's Effective Interest Rate on Debt % falls into.

Asian Star Co Effective Interest Rate on Debt % Calculation

Asian Star Co'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 * -376.105	/	( (6282.124	+	7414.061)	/ 2 )
=	-1 * -376.105	/	6848.0925
=	5.49 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	530.798	+	5751.326
=	6282.124

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	533.881	+	6880.18
=	7414.061

Asian Star Co'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 * -795.572	/	( (0	+	7414.061)	/ 1 )
=	-1 * -795.572	/	7414.061
=	10.73 %

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
=	533.881	+	6880.18
=	7414.061

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.

Asian Star Co (BOM:531847) Effective Interest Rate on Debt % Explanation

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

Asian Star Co Effective Interest Rate on Debt % Related Terms

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Asian Star Co (BOM:531847) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Asian Star Co Ltd (BOM:531847) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

114 - C, Mittal Court, Nariman Point, Mumbai, MH, IND, 400 021

Website

https://www.asianstargroup.com

Asian Star Co Ltd operates in the jewelry business. Their key product line includes Loose Polished, Diamond Jewellery, Diamond Jewellery Retailing, and Power. Geographically The company operates across the USA, Europe, Asia, and South-East Asia. The Company operates in two business segments namely Diamonds and Jewellery. It generates the maximum amount of revenue from the sales of Polished Diamonds. Their mode of sales is an offline channel and the company caters maximum to HNI customers.

Asian Star Co (BOM:531847) Headlines

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