Music Broadcast (BOM:540366) Effective Interest Rate on Debt % : 9.71% (As of Mar. 2024)

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What is Music Broadcast 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. Music Broadcast's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹103 Mil. Music Broadcast's average total debt for the quarter that ended in Mar. 2024 was ₹1,064 Mil. Therefore, Music Broadcast's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 9.71%.

Music Broadcast Effective Interest Rate on Debt % Historical Data

The historical data trend for Music Broadcast'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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Music Broadcast Effective Interest Rate on Debt % Chart

Music Broadcast Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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18.64

10.99

9.07

6.64

9.67

Music Broadcast Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															12.28	12.67	9.57	9.92	9.71

Competitive Comparison of Music Broadcast's Effective Interest Rate on Debt %

For the Broadcasting subindustry, Music Broadcast'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.

Music Broadcast's Effective Interest Rate on Debt % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Music Broadcast's Effective Interest Rate on Debt % distribution charts can be found below:

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

Music Broadcast Effective Interest Rate on Debt % Calculation

Music Broadcast'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 * -98.981	/	( (983.294	+	1064.238)	/ 2 )
=	-1 * -98.981	/	1023.766
=	9.67 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	927.57	+	55.724
=	983.294

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1017.285	+	46.953
=	1064.238

Music Broadcast'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 * -103.388	/	( (0	+	1064.238)	/ 1 )
=	-1 * -103.388	/	1064.238
=	9.71 %

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
=	1017.285	+	46.953
=	1064.238

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.

Music Broadcast (BOM:540366) Effective Interest Rate on Debt % Explanation

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

Music Broadcast Effective Interest Rate on Debt % Related Terms

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Music Broadcast (BOM:540366) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Music Broadcast Ltd (BOM:540366) » Definitions » Effective Interest Rate on Debt %

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RADIOCITY:India

Address

Off Western Express Highway, 5th Floor, RNA Corporate Park, Kalanagar, Bandra (East), Mumbai, MH, IND, 400 051

Website

https://www.radiocity.in

Music Broadcast Ltd is engaged in the business of operating Private FM Radio Stations through the brand Radio City. The Company is engaged in the business of radio broadcasting and other related activities under the 'Radio City' brand in India.

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