Jyothy Labs (BOM:532926) Effective Interest Rate on Debt % : 9.97% (As of Mar. 2024)

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What is Jyothy Labs 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. Jyothy Labs's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹50 Mil. Jyothy Labs's average total debt for the quarter that ended in Mar. 2024 was ₹506 Mil. Therefore, Jyothy Labs's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 9.97%.

Jyothy Labs Effective Interest Rate on Debt % Historical Data

The historical data trend for Jyothy Labs'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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Jyothy Labs Effective Interest Rate on Debt % Chart

Jyothy Labs Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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10.69

7.59

6.97

12.02

9.74

Jyothy Labs 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															26.82	9.54	10.44	10.62	9.97

Competitive Comparison of Jyothy Labs's Effective Interest Rate on Debt %

For the Household & Personal Products subindustry, Jyothy Labs'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.

Jyothy Labs's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Jyothy Labs's Effective Interest Rate on Debt % distribution charts can be found below:

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

Jyothy Labs Effective Interest Rate on Debt % Calculation

Jyothy Labs'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 * -47.3	/	( (465.357	+	505.6)	/ 2 )
=	-1 * -47.3	/	485.4785
=	9.74 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	280.035	+	185.322
=	465.357

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	259.1	+	246.5
=	505.6

Jyothy Labs'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 * -50.4	/	( (0	+	505.6)	/ 1 )
=	-1 * -50.4	/	505.6
=	9.97 %

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
=	259.1	+	246.5
=	505.6

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.

Jyothy Labs (BOM:532926) Effective Interest Rate on Debt % Explanation

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

Jyothy Labs Effective Interest Rate on Debt % Related Terms

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Jyothy Labs (BOM:532926) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Jyothy Labs Ltd (BOM:532926) » Definitions » Effective Interest Rate on Debt %

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JYOTHYLAB:India

Address

Ram Krishna Mandir Road, Ujala House, Kondivita, Andheri (East), Mumbai, MH, IND, 400 059

Website

https://www.jyothylaboratories.com

Jyothy Labs Ltd is an India-based company that is principally engaged in manufacturing and distributing fast-moving consumer goods, which are categorized into fabric care, dishwashing, household insecticide, and personal care. The company's products consist of fabric wash goods, dishwashing bars, beauty soap, household insecticide, incense sticks and scrubber, and other body care products, which jointly account for most of the company's total revenue. The company owns a number of brands, such as Jjala, Henko, Mr. White, Chek, Exo, Pril, Maxo, and Margo, and also offers laundry service. It focuses its business in the Indian market.

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