TCNS Clothing Co (BOM:541700) Effective Interest Rate on Debt % : 12.86% (As of Mar. 2024)

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What is TCNS 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. TCNS Clothing Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹780 Mil. TCNS Clothing Co's average total debt for the quarter that ended in Mar. 2024 was ₹6,070 Mil. Therefore, TCNS Clothing Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 12.86%.

TCNS Clothing Co Effective Interest Rate on Debt % Historical Data

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

TCNS Clothing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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21.00

10.52

9.99

10.84

12.25

TCNS Clothing Co 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															13.32	10.40	11.97	11.31	12.86

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

For the Apparel Manufacturing subindustry, TCNS 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.

TCNS 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, TCNS Clothing Co's Effective Interest Rate on Debt % distribution charts can be found below:

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

TCNS Clothing Co Effective Interest Rate on Debt % Calculation

TCNS Clothing Co'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 * -706.94	/	( (5468.1	+	6070.05)	/ 2 )
=	-1 * -706.94	/	5769.075
=	12.25 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4232.4	+	1235.7
=	5468.1

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3971.09	+	2098.96
=	6070.05

TCNS Clothing Co'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 * -780.44	/	( (0	+	6070.05)	/ 1 )
=	-1 * -780.44	/	6070.05
=	12.86 %

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
=	3971.09	+	2098.96
=	6070.05

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.

TCNS Clothing Co (BOM:541700) Effective Interest Rate on Debt % Explanation

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

TCNS Clothing Co Effective Interest Rate on Debt % Related Terms

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TCNS Clothing Co (BOM:541700) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » TCNS Clothing Co Ltd (BOM:541700) » Definitions » Effective Interest Rate on Debt %

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TCNSBRANDS:India

Address

119 and 127, New Manglapuri, W House, Mandi Road, Neelagagan Towers, Sultanpur, Mehrauli, New Delhi, IND, 110030

Website

https://www.wforwoman.com

TCNS Clothing Co Ltd is engaged in designing, manufacturing, marketing, and retailing of women's apparel. The portfolio of products includes top wear, bottom wear, drapes, combination sets, and accessories that cater to everyday wear, casual wear, workwear, and occasion wear.

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