Religare Enterprises (BOM:532915) Effective Interest Rate on Debt % : 16.65% (As of Mar. 2024)

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What is Religare Enterprises 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. Religare Enterprises's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹737 Mil. Religare Enterprises's average total debt for the quarter that ended in Mar. 2024 was ₹4,426 Mil. Therefore, Religare Enterprises's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 16.65%.

Religare Enterprises Effective Interest Rate on Debt % Historical Data

The historical data trend for Religare Enterprises'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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Religare Enterprises Effective Interest Rate on Debt % Chart

Religare Enterprises Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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13.88

13.97

15.33

22.29

14.57

Religare Enterprises 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															13.74	12.17	14.92	14.29	16.65

Competitive Comparison of Religare Enterprises's Effective Interest Rate on Debt %

For the Insurance - Life subindustry, Religare Enterprises'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.

Religare Enterprises's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Religare Enterprises's Effective Interest Rate on Debt % distribution charts can be found below:

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

Religare Enterprises Effective Interest Rate on Debt % Calculation

Religare Enterprises'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 * -935.369	/	( (8409.531	+	4426.002)	/ 2 )
=	-1 * -935.369	/	6417.7665
=	14.57 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8409.531	+	0
=	8409.531

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4426.002	+	0
=	4426.002

Religare Enterprises'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 * -736.94	/	( (0	+	4426.002)	/ 1 )
=	-1 * -736.94	/	4426.002
=	16.65 %

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
=	4426.002	+	0
=	4426.002

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.

Religare Enterprises (BOM:532915) Effective Interest Rate on Debt % Explanation

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

Religare Enterprises Effective Interest Rate on Debt % Related Terms

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Religare Enterprises (BOM:532915) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Religare Enterprises Ltd (BOM:532915) » Definitions » Effective Interest Rate on Debt %

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RELIGARE:India

Address

Dr. Jha Marg, 8th Flooe, Block A, Max House, Phase III, Okhla Industrial Estate, New Delhi, IND, 110020

Website

https://www.religare.com

Religare Enterprises Ltd is an India-based company that is principally engaged in providing diversified financial services, including loans to small and midsize enterprises, affordable housing finance, health insurance, capital markets, and wealth management. The company operates via various subsidiaries and operating entities. It generates around two-thirds of total revenue from investment and financing activity. The company concentrates its business in India, and generates the majority of revenue from the domestic market.

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