L&T Technology Services (NSE:LTTS) Effective Interest Rate on Debt % : 8.01% (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is L&T Technology Services 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. L&T Technology Services's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹528 Mil. L&T Technology Services's average total debt for the quarter that ended in Mar. 2024 was ₹6,588 Mil. Therefore, L&T Technology Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.01%.

L&T Technology Services Effective Interest Rate on Debt % Historical Data

The historical data trend for L&T Technology Services'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.

L&T Technology Services Effective Interest Rate on Debt % Chart

L&T Technology Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

14.70

10.03

9.13

9.54

9.15

L&T Technology Services 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															10.04	10.57	9.15	9.52	8.01

Competitive Comparison of L&T Technology Services's Effective Interest Rate on Debt %

For the Information Technology Services subindustry, L&T Technology Services'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.

L&T Technology Services's Effective Interest Rate on Debt % Distribution in the Software Industry

For the Software industry and Technology sector, L&T Technology Services's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where L&T Technology Services's Effective Interest Rate on Debt % falls into.

L&T Technology Services Effective Interest Rate on Debt % Calculation

L&T Technology Services'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 * -509	/	( (4542	+	6588)	/ 2 )
=	-1 * -509	/	5565
=	9.15 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3731	+	811
=	4542

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5195	+	1393
=	6588

L&T Technology Services'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 * -528	/	( (0	+	6588)	/ 1 )
=	-1 * -528	/	6588
=	8.01 %

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
=	5195	+	1393
=	6588

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.

L&T Technology Services (NSE:LTTS) Effective Interest Rate on Debt % Explanation

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

L&T Technology Services Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of L&T Technology Services's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

L&T Technology Services (NSE:LTTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » L&T Technology Services Ltd (NSE:LTTS) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

540115:India

Address

National Highway No. 8, Ajwa Waghodia Crossing, 5th Floor, West Block-II, L&T Knowledge City (IT/ITES) SEZ, Vadodara, GJ, IND, 390 019

Website

https://www.ltts.com

L&T Technology Services Ltd is a provider of engineering and research services in connection to embedded systems and other engineering support services. The company's operating segments include Transportation; Industrial Products; Telecom and Hi-tech; Plant Engineering and Medical Devices. It generates maximum revenue from the Transportation segment. The transportation segment offers engineering services and solutions to the transportation industry, which includes OEM and Tier 1 suppliers in the automotive, trucks and off-highway vehicles, aerospace, and rail industries. Geographically, it derives a majority of its revenue from North America.

L&T Technology Services (NSE:LTTS) Headlines

No Headlines