Accuracy Shipping (NSE:ACCURACY) Effective Interest Rate on Debt % : 10.95% (As of Dec. 2023)

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What is Accuracy Shipping 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. Accuracy Shipping's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹108 Mil. Accuracy Shipping's average total debt for the quarter that ended in Dec. 2023 was ₹989 Mil. Therefore, Accuracy Shipping's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 10.95%.

Accuracy Shipping Effective Interest Rate on Debt % Historical Data

The historical data trend for Accuracy Shipping'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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Accuracy Shipping Effective Interest Rate on Debt % Chart

Accuracy Shipping Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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8.00

10.19

6.42

7.90

9.67

Accuracy Shipping Quarterly Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															11.74	6.53	10.76	11.07	10.95

Competitive Comparison of Accuracy Shipping's Effective Interest Rate on Debt %

For the Integrated Freight & Logistics subindustry, Accuracy Shipping'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.

Accuracy Shipping's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Accuracy Shipping's Effective Interest Rate on Debt % distribution charts can be found below:

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

Accuracy Shipping Effective Interest Rate on Debt % Calculation

Accuracy Shipping's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -113.83	/	( (1231.08	+	1124.31)	/ 2 )
=	-1 * -113.83	/	1177.695
=	9.67 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	434.92	+	796.16
=	1231.08

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	219.22	+	905.09
=	1124.31

Accuracy Shipping's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -108.32	/	( (989.48	+	0)	/ 1 )
=	-1 * -108.32	/	989.48
=	10.95 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	274.45	+	715.03
=	989.48

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

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Accuracy Shipping (NSE:ACCURACY) Effective Interest Rate on Debt % Explanation

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

Accuracy Shipping Effective Interest Rate on Debt % Related Terms

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Accuracy Shipping (NSE:ACCURACY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Accuracy Shipping Ltd (NSE:ACCURACY) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Indian Oil Pump Road, ASL House, Survey No. 42, Plot No. 11, Meghpar Borichi, Near Genus Factory, Anjar, Kachchh, GJ, IND, 370110

Website

https://www.aslindia.net

Accuracy Shipping Ltd is a logistics service provider in India. It offers customized and ends to end logistics solutions and services including transportation and distribution, freight forwarding, clearing and forwarding service, custom house clearance, warehousing and value-added services. It offers freight services for the export and import of cargo by multiple modes of transport such as sea, road and air.

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