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Active Clothing Co (BOM:541144) Effective Interest Rate on Debt % : 11.45% (As of Dec. 2023)


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What is Active Clothing Co 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. Active Clothing Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹95 Mil. Active Clothing Co's average total debt for the quarter that ended in Dec. 2023 was ₹834 Mil. Therefore, Active Clothing Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 11.45%.


Active Clothing Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Active Clothing Co'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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Active Clothing Co Effective Interest Rate on Debt % Chart

Active Clothing Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.34 11.72 10.96 9.68 9.65

Active Clothing Co Quarterly Data
Mar16 Mar17 Dec17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.93 2.31 11.60 9.67 11.45

Competitive Comparison of Active Clothing Co's Effective Interest Rate on Debt %

For the Apparel Manufacturing subindustry, Active Clothing Co'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.


Active Clothing Co's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Active Clothing Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Active Clothing Co's Effective Interest Rate on Debt % falls into.



Active Clothing Co Effective Interest Rate on Debt % Calculation

Active Clothing Co'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  *  -62.838/( (512.914+789.889)/ 2 )
=-1  *  -62.838/651.4015
=9.65 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=209.748 + 303.166
=512.914

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=272.419 + 517.47
=789.889

Active Clothing Co'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  *  -95.48/( (833.723+0)/ 1 )
=-1  *  -95.48/833.723
=11.45 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=273.218 + 560.505
=833.723

* 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.

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.


Active Clothing Co  (BOM:541144) Effective Interest Rate on Debt % Explanation

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


Active Clothing Co Effective Interest Rate on Debt % Related Terms

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Active Clothing Co (BOM:541144) Business Description

Traded in Other Exchanges
N/A
Address
Plot no. E-225, Phase VIII B, Industrial Area, Focal Point, Mohali, PB, IND, 160055
Active Clothing Co Ltd is an apparel manufacturer. The company produces garments across three categories which include flat knit sweaters, outwear jackets, circular knit t-shirts, sweatshirts, and joggers for men, women, kids, and baby wear.

Active Clothing Co (BOM:541144) Headlines

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