Prestige Estates Projects (BOM:533274) Effective Interest Rate on Debt % : 10.60% (As of Dec. 2023)

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What is Prestige Estates Projects 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. Prestige Estates Projects's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹11,728 Mil. Prestige Estates Projects's average total debt for the quarter that ended in Dec. 2023 was ₹110,591 Mil. Therefore, Prestige Estates Projects's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 10.60%.

Prestige Estates Projects Effective Interest Rate on Debt % Historical Data

The historical data trend for Prestige Estates Projects'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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Prestige Estates Projects Effective Interest Rate on Debt % Chart

Prestige Estates Projects Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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8.66

10.41

12.64

8.57

8.90

Prestige Estates Projects Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															10.59	7.20	10.11	9.55	10.60

Competitive Comparison of Prestige Estates Projects's Effective Interest Rate on Debt %

For the Real Estate - Diversified subindustry, Prestige Estates Projects'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.

Prestige Estates Projects's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Prestige Estates Projects's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Prestige Estates Projects's Effective Interest Rate on Debt % falls into.

Prestige Estates Projects Effective Interest Rate on Debt % Calculation

Prestige Estates Projects's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -7414	/	( (72500	+	94199)	/ 2 )
=	-1 * -7414	/	83349.5
=	8.90 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	44451	+	28049
=	72500

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	43602	+	50597
=	94199

Prestige Estates Projects's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -11728	/	( (110591	+	0)	/ 1 )
=	-1 * -11728	/	110591
=	10.60 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	49605	+	60986
=	110591

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Prestige Estates Projects (BOM:533274) Effective Interest Rate on Debt % Explanation

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

Prestige Estates Projects Effective Interest Rate on Debt % Related Terms

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Prestige Estates Projects (BOM:533274) Business Description

Industry

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PRESTIGE:India

Address

No. 19, Brunton Road, Prestige Falcon Tower, Bangalore, KA, IND, 560025

Website

https://www.prestigeconstructions.com

Prestige Estates Projects Ltd is a real estate development group operating in South India, including in the cities of Chennai, Hyderabad, Kochi, Mysuru, Mangaluru, and Goa. The Prestige Group's property portfolio covers the residential, commercial, retail, property management, and hospitality segments. Projects include landmark malls, large townships, tech parks, hotels, and luxury villas. Most of the company's completed projects come from its Residential segment, while the overwhelming majority of new projects are also from its residential segment. The company generates the majority of its revenue from the Residential segment.

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