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Flair Writing Industries (BOM:544030) Effective Interest Rate on Debt % : 10.56% (As of Mar. 2024)


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What is Flair Writing Industries 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. Flair Writing Industries's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹102 Mil. Flair Writing Industries's average total debt for the quarter that ended in Mar. 2024 was ₹961 Mil. Therefore, Flair Writing Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 10.56%.

Flair Writing Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for Flair Writing Industries'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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Flair Writing Industries Effective Interest Rate on Debt % Chart

Flair Writing Industries Annual Data
Trend Mar17 Mar18 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 2.38 7.24 7.43 7.86 10.56

Flair Writing Industries Semi-Annual Data
Mar17 Mar18 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial 2.38 7.24 7.43 7.86 10.56

Competitive Comparison of Flair Writing Industries's Effective Interest Rate on Debt %

For the Business Equipment & Supplies subindustry, Flair Writing Industries'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.

Flair Writing Industries's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Flair Writing Industries's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Flair Writing Industries's Effective Interest Rate on Debt % falls into.


Flair Writing Industries Effective Interest Rate on Debt % Calculation

Flair Writing Industries'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  *  -101.5/( (1234.25+688.47)/ 2 )
=-1  *  -101.5/961.36
=10.56 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=485.73 + 748.52
=1234.25

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=509.43 + 179.04
=688.47

Flair Writing Industries'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: Mar. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -101.5/( (1234.25+688.47)/ 2 )
=-1  *  -101.5/961.36
=10.56 %

where

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=485.73 + 748.52
=1234.25

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=509.43 + 179.04
=688.47

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

Flair Writing Industries  (BOM:544030) Effective Interest Rate on Debt % Explanation

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

Flair Writing Industries Effective Interest Rate on Debt % Related Terms

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Flair Writing Industries (BOM:544030) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Flair Writing Industries Ltd (BOM:544030) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
Traded in Other Exchanges
FLAIR:India
Address
63 B/C, Government Industrial Estate, Charkop, Kandivali West, Mumbai, MH, IND, 400 067
Website
https://www.flairworld.in
Flair Writing Industries Ltd is engaged in manufacturing pens and other products. It manufactures and distributes several brands in India and due to its ability to manufacture quality products and its distribution and retail capabilities, It is able to partner with various international brands in the writing instruments industry. Its products are sold under its Flair brand, its principal brands Hauser and Pierre Cardin and It has recently introduced ZOOX in India. Its products include ball pens, fountain pens, gel pens, roller pens and metal pens, mechanical pencils, highlighters, correction pens, markers, gel crayons, colouring range, erasers, geometry boxes and kids stationery kits, and calculators.

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