Maks Energy Solutions India (NSE:MAKS) Effective Interest Rate on Debt % : 9.79% (As of Mar. 2023)

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What is Maks Energy Solutions India 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. Maks Energy Solutions India's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was ₹15.5 Mil. Maks Energy Solutions India's average total debt for the quarter that ended in Mar. 2023 was ₹158.3 Mil. Therefore, Maks Energy Solutions India's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 9.79%.

Maks Energy Solutions India Effective Interest Rate on Debt % Historical Data

The historical data trend for Maks Energy Solutions India'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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Maks Energy Solutions India Effective Interest Rate on Debt % Chart

Maks Energy Solutions India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

10.51

10.05

10.29

9.79

Maks Energy Solutions India Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Effective Interest Rate on Debt %	10.51	10.05	10.29	9.79

Competitive Comparison of Maks Energy Solutions India's Effective Interest Rate on Debt %

For the Specialty Industrial Machinery subindustry, Maks Energy Solutions India'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.

Maks Energy Solutions India's Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Maks Energy Solutions India's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Maks Energy Solutions India's Effective Interest Rate on Debt % falls into.

Maks Energy Solutions India Effective Interest Rate on Debt % Calculation

Maks Energy Solutions India'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 * -15.488	/	( (188.493	+	128.032)	/ 2 )
=	-1 * -15.488	/	158.2625
=	9.79 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18.422	+	170.071
=	188.493

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.752	+	122.28
=	128.032

Maks Energy Solutions India's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -15.488	/	( (188.493	+	128.032)	/ 2 )
=	-1 * -15.488	/	158.2625
=	9.79 %

where

	Total Debt (Q: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18.422	+	170.071
=	188.493

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.752	+	122.28
=	128.032

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

Maks Energy Solutions India (NSE:MAKS) Effective Interest Rate on Debt % Explanation

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

Maks Energy Solutions India Effective Interest Rate on Debt % Related Terms

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Maks Energy Solutions India (NSE:MAKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Maks Energy Solutions India Ltd (NSE:MAKS) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shubham Society, Showroom-1, 599/600 Rasta Peth, Near- Parsi Agyari, Pune, MH, IND, 411011

Website

https://www.maksgenerators.com

Maks Energy Solutions India Ltd is engaged in the business of trading, dealing, assembling, selling, installing, testing, and commissioning generator and Diesel Generator sets. The company's products include Tata generators, Cummins generators, Perkins generators, and Spare parts. The company also has dealers outside India in Europe, Latin America, the USA, Singapore, the Middle East, Africa, Thailand, Nepal, Sri Lanka, and many other countries.

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