Aashka Hospitals (BOM:543346) Effective Interest Rate on Debt % : 12.79% (As of Mar. 2024)

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What is Aashka Hospitals 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. Aashka Hospitals's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹29.1 Mil. Aashka Hospitals's average total debt for the quarter that ended in Mar. 2024 was ₹227.1 Mil. Therefore, Aashka Hospitals's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 12.79%.

Aashka Hospitals Effective Interest Rate on Debt % Historical Data

The historical data trend for Aashka Hospitals'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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Aashka Hospitals Effective Interest Rate on Debt % Chart

Aashka Hospitals Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

14.95

10.87

9.46

10.63

14.28

Aashka Hospitals Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				12.43	-	21.48	11.65	12.79

Competitive Comparison of Aashka Hospitals's Effective Interest Rate on Debt %

For the Medical Care Facilities subindustry, Aashka Hospitals'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.

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

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

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

Aashka Hospitals Effective Interest Rate on Debt % Calculation

Aashka Hospitals'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 * -29.115	/	( (0	+	203.877)	/ 1 )
=	-1 * -29.115	/	203.877
=	14.28 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	82.673	+	121.204
=	203.877

Aashka Hospitals'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: Sep. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -29.056	/	( (250.34	+	203.877)	/ 2 )
=	-1 * -29.056	/	227.1085
=	12.79 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	119.033	+	131.307
=	250.34

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	82.673	+	121.204
=	203.877

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

Aashka Hospitals (BOM:543346) Effective Interest Rate on Debt % Explanation

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

Aashka Hospitals Effective Interest Rate on Debt % Related Terms

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Aashka Hospitals (BOM:543346) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Aashka Hospitals Ltd (BOM:543346) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Between Sargasan & Reliance Cross Road, Sargasan, Gandhinagar, GJ, IND, 382421

Website

https://aashkahospitals.in

Aashka Hospital Ltd is an integrated healthcare service provider that offers the quality of healthcare facilities including prevention, treatment, and rehabilitation. It serves a range of healthcare services such as Cardiology, neurology, neurosurgery, nephrology, anesthesiology, orthopedics, pediatric services, neonatology services, dermatology, radiology, dentistry, obstetrics, and gynecology, and more. The group also includes the operation of Multi-Disciplinary Private Hospital, Clinics, and Pharmacies.

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