LIC Housing Finance (LUX:LICHS) Effective Interest Rate on Debt % : 7.66% (As of Mar. 2024)

View and export this data going back to 2004. Start your Free Trial

What is LIC Housing Finance 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. LIC Housing Finance's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $2,239 Mil. LIC Housing Finance's average total debt for the quarter that ended in Mar. 2024 was $29,242 Mil. Therefore, LIC Housing Finance's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.66%.

LIC Housing Finance Effective Interest Rate on Debt % Historical Data

The historical data trend for LIC Housing Finance'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.

* Premium members only.

LIC Housing Finance Effective Interest Rate on Debt % Chart

LIC Housing Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

8.17

7.89

6.97

7.07

7.68

LIC Housing Finance 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															7.48	7.69	7.91	7.97	7.66

Competitive Comparison of LIC Housing Finance's Effective Interest Rate on Debt %

For the Mortgage Finance subindustry, LIC Housing Finance'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.

LIC Housing Finance's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, LIC Housing Finance's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where LIC Housing Finance's Effective Interest Rate on Debt % falls into.

LIC Housing Finance Effective Interest Rate on Debt % Calculation

LIC Housing Finance'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 * -2214.5	/	( (28439.286	+	29241.735)	/ 2 )
=	-1 * -2214.5	/	28840.5105
=	7.68 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28439.286	+	0
=	28439.286

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	29241.735	+	0
=	29241.735

LIC Housing Finance'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 * -2238.532	/	( (0	+	29241.735)	/ 1 )
=	-1 * -2238.532	/	29241.735
=	7.66 %

where

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

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	29241.735	+	0
=	29241.735

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.

LIC Housing Finance (LUX:LICHS) Effective Interest Rate on Debt % Explanation

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

LIC Housing Finance Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of LIC Housing Finance's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

LIC Housing Finance (LUX:LICHS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » LIC Housing Finance Ltd (LUX:LICHS) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

LICHSGFIN:India 500253:India

Address

131 Maker Tower, F Premises, 13th Floor, Cuffe Parade, Mumbai, MH, IND, 400 005

Website

https://www.lichousing.com

LIC Housing Finance Ltd is a housing finance company that provides loans, primarily in India. Its main objective is to provide long-term finance to individuals for residential purchases or construction. LIC Housing provides a wide range of loan products to individuals and also provides commercial financing for corporations and building developers. These activities include senior housing, marketing of financial services, and investment management.

LIC Housing Finance (LUX:LICHS) Headlines

No Headlines