Star Housing Finance (BOM:539017) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)

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What is Star Housing Finance 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. Star Housing Finance's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹0.0 Mil. Star Housing Finance's average total debt for the quarter that ended in Mar. 2024 was ₹3,203.0 Mil. Therefore, Star Housing Finance's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.

Star Housing Finance Effective Interest Rate on Debt % Historical Data

The historical data trend for Star Housing Finance'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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Star Housing Finance Effective Interest Rate on Debt % Chart

Star Housing Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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0.20

0.03

0.09

Star Housing Finance Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Competitive Comparison of Star Housing Finance's Effective Interest Rate on Debt %

For the Mortgage Finance subindustry, Star Housing Finance'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.

Star Housing Finance's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Star Housing Finance's Effective Interest Rate on Debt % distribution charts can be found below:

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

Star Housing Finance Effective Interest Rate on Debt % Calculation

Star Housing Finance'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 * 0	/	( (1624.999	+	3202.993)	/ 2 )
=	-1 * 0	/	2413.996
=	0.00 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1203.499	+	421.5
=	1624.999

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3202.993	+	0
=	3202.993

Star Housing Finance'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 * 0	/	( (0	+	3202.993)	/ 1 )
=	-1 * 0	/	3202.993
=	0.00 %

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
=	3202.993	+	0
=	3202.993

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.

Star Housing Finance (BOM:539017) Effective Interest Rate on Debt % Explanation

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

Star Housing Finance Effective Interest Rate on Debt % Related Terms

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Star Housing Finance (BOM:539017) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Star Housing Finance Ltd (BOM:539017) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

603, Western Edger 1, Above Metro Mall, Borivali East, Mumbai, MH, IND, 400066

Website

https://www.starhfl.com

Star Housing Finance Ltd is a non-deposit-taking housing finance company. The company loan products include home loans, mortgage loans, and builder loans. The firm offers home loans for the purchase of flats and houses, renovation of existing units, extension of existing units, and purchase of plots for the construction of houses. The company offers a builder loan for the construction of residential flats. The company is engaged in the business of providing loans to individuals, corporate, and developers for the purchase, construction, development, and repair of houses, apartments, and commercial properties in India.

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