ACI Formulations (DHA:ACIFORMULA) Effective Interest Rate on Debt % : 5.14% (As of Mar. 2024)

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What is ACI Formulations 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. ACI Formulations's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was BDT155 Mil. ACI Formulations's average total debt for the quarter that ended in Mar. 2024 was BDT3,011 Mil. Therefore, ACI Formulations's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 5.14%.

ACI Formulations Effective Interest Rate on Debt % Historical Data

The historical data trend for ACI Formulations'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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ACI Formulations Effective Interest Rate on Debt % Chart

ACI Formulations Annual Data

Trend

Dec13

Dec14

Dec15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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9.59

12.07

7.60

6.07

9.43

ACI Formulations 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															7.68	13.34	8.23	9.70	5.14

Competitive Comparison of ACI Formulations's Effective Interest Rate on Debt %

For the Agricultural Inputs subindustry, ACI Formulations'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.

ACI Formulations's Effective Interest Rate on Debt % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, ACI Formulations's Effective Interest Rate on Debt % distribution charts can be found below:

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

ACI Formulations Effective Interest Rate on Debt % Calculation

ACI Formulations's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -259.196	/	( (2699.26	+	2796.719)	/ 2 )
=	-1 * -259.196	/	2747.9895
=	9.43 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.309	+	2690.951
=	2699.26

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	31.284	+	2765.435
=	2796.719

ACI Formulations'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 * -154.872	/	( (2878.462	+	3144.228)	/ 2 )
=	-1 * -154.872	/	3011.345
=	5.14 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	25.261	+	2853.201
=	2878.462

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	22.308	+	3121.92
=	3144.228

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.

ACI Formulations (DHA:ACIFORMULA) Effective Interest Rate on Debt % Explanation

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

ACI Formulations Effective Interest Rate on Debt % Related Terms

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ACI Formulations (DHA:ACIFORMULA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » ACI Formulations Ltd (DHA:ACIFORMULA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

ACI Centre, 245, Tejgaon Industrial Area, Dhaka, BGD, 1208

Website

https://www.aci-bd.com

ACI Formulations Ltd is an agricultural chemicals manufacturer. The principal activities of the company are manufacturing and marketing a number of agrochemical and consumer products. The company has structured its operations into the following business segments - Crop Care and Public Health segment, which manufactures and sell crop care and public health products; Mosquito Coil segment is engaged in the manufacturing and selling of mosquito coil products; the Aerosol segment is engaged in the manufacturing and selling aerosol and air freshener products; and Paint segment which manufactures and sells paint products. It derives key revenue from the Crop Care and Public Health segment.

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