Aisha Steel Mills (KAR:ASL) Effective Interest Rate on Debt % : 21.75% (As of Mar. 2024)

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What is Aisha Steel Mills 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. Aisha Steel Mills's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₨3,964 Mil. Aisha Steel Mills's average total debt for the quarter that ended in Mar. 2024 was ₨18,224 Mil. Therefore, Aisha Steel Mills's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 21.75%.

Aisha Steel Mills Effective Interest Rate on Debt % Historical Data

The historical data trend for Aisha Steel Mills'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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Aisha Steel Mills Effective Interest Rate on Debt % Chart

Aisha Steel Mills Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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9.17

13.75

8.45

11.75

17.61

Aisha Steel Mills 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															17.44	19.85	24.04	23.24	21.75

Competitive Comparison of Aisha Steel Mills's Effective Interest Rate on Debt %

For the Steel subindustry, Aisha Steel Mills'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.

Aisha Steel Mills's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Aisha Steel Mills's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Aisha Steel Mills's Effective Interest Rate on Debt % falls into.

Aisha Steel Mills Effective Interest Rate on Debt % Calculation

Aisha Steel Mills'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 * -3518.741	/	( (22332.981	+	17620.886)	/ 2 )
=	-1 * -3518.741	/	19976.9335
=	17.61 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4953.112	+	17379.869
=	22332.981

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3584.719	+	14036.167
=	17620.886

Aisha Steel Mills'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 * -3963.904	/	( (18167.016	+	18281.931)	/ 2 )
=	-1 * -3963.904	/	18224.4735
=	21.75 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2894.402	+	15272.614
=	18167.016

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2533.66	+	15748.271
=	18281.931

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.

Aisha Steel Mills (KAR:ASL) Effective Interest Rate on Debt % Explanation

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

Aisha Steel Mills Effective Interest Rate on Debt % Related Terms

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Aisha Steel Mills (KAR:ASL) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aisha Steel Mills Ltd (KAR:ASL) » Definitions » Effective Interest Rate on Debt %

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ASLPS.PFD:Pakistan

Address

23 M.T. Khan Road, 1st Floor, Arif Habib Center, Karachi, SD, PAK, 74000

Website

https://www.aishasteel.com

Aisha Steel Mills Ltd is involved in manufacturing and selling cold rolled steel coils and sheets to the industrial, engineering, and manufacturing industries in Pakistan. Its product offerings include hot-dipped galvanized steel coils, cold-rolled steel coils, and others. The company geographically operates in Pakistan, North America, Middle East, Europe, Asia and Africa. The majority of revenue is derived from Pakistan.

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