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Artemis Medicare Services (BOM:542919) Effective Interest Rate on Debt % : 10.71% (As of Mar. 2024)


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What is Artemis Medicare Services 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. Artemis Medicare Services's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹343 Mil. Artemis Medicare Services's average total debt for the quarter that ended in Mar. 2024 was ₹3,203 Mil. Therefore, Artemis Medicare Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 10.71%.


Artemis Medicare Services Effective Interest Rate on Debt % Historical Data

The historical data trend for Artemis Medicare Services'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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Artemis Medicare Services Effective Interest Rate on Debt % Chart

Artemis Medicare Services Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.30 8.35 5.38 8.08 10.32

Artemis Medicare Services 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 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 7.37 9.62 9.76 9.86 10.71

Competitive Comparison of Artemis Medicare Services's Effective Interest Rate on Debt %

For the Medical Care Facilities subindustry, Artemis Medicare Services'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.


Artemis Medicare Services's Effective Interest Rate on Debt % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Artemis Medicare Services's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Artemis Medicare Services's Effective Interest Rate on Debt % falls into.



Artemis Medicare Services Effective Interest Rate on Debt % Calculation

Artemis Medicare Services'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  *  -312.866/( (2858.606+3202.588)/ 2 )
=-1  *  -312.866/3030.597
=10.32 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2529.558 + 329.048
=2858.606

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2862.638 + 339.95
=3202.588

Artemis Medicare Services'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  *  -342.984/( (0+3202.588)/ 1 )
=-1  *  -342.984/3202.588
=10.71 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2862.638 + 339.95
=3202.588

* 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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Artemis Medicare Services  (BOM:542919) Effective Interest Rate on Debt % Explanation

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


Artemis Medicare Services Effective Interest Rate on Debt % Related Terms

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Artemis Medicare Services (BOM:542919) Business Description

Traded in Other Exchanges
N/A
Address
Artemis Hospital, Sector 51, Gurugram, HR, IND, 122001
Artemis Medicare Services Ltd is engaged in managing and operating multi-specialty hospitals. The hospital provides treatments for Allergy and Immunology, Blood (Haematology), Bones, Muscles and Joints (Orthopaedics), Brain, Spine and Nervous System, Cancer (Oncology), Circulatory (Vascular), Digestive (Gastroenterology), Endocrine, Diabetes And Metabolism, Dermatology, Heart (Cardiology), Infectious Diseases, Kidneys (Renal), Lung (Pulmonary), Mouth, Teeth And Face (Oral And Maxillofacial), Obstetrics And Gynecology, Psychiatry, Rheumatology (Arthritis And Joint Disease), Surgery, and Urology. The group derives revenue primarily from offering healthcare services and has a business presence in India and Outside India.

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