Manav infra projects (NSE:MANAV) Effective Interest Rate on Debt % : 13.00% (As of Mar. 2022)

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What is Manav infra projects 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. Manav infra projects's annualized positive value of Interest Expense for the quarter that ended in Mar. 2022 was ₹15.04 Mil. Manav infra projects's average total debt for the quarter that ended in Mar. 2022 was ₹115.64 Mil. Therefore, Manav infra projects's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2022 was 13.00%.

Manav infra projects Effective Interest Rate on Debt % Historical Data

The historical data trend for Manav infra projects'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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Manav infra projects Effective Interest Rate on Debt % Chart

Manav infra projects Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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14.61

12.16

11.59

10.42

12.84

Manav infra projects Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Mar23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial												11.97	10.74	8.23	13.00	-

Competitive Comparison of Manav infra projects's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, Manav infra projects'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.

Manav infra projects's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Manav infra projects's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Manav infra projects's Effective Interest Rate on Debt % falls into.

Manav infra projects Effective Interest Rate on Debt % Calculation

Manav infra projects'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 * -13.986	/	( (119.648	+	98.217)	/ 2 )
=	-1 * -13.986	/	108.9325
=	12.84 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	50.212	+	69.436
=	119.648

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	30.119	+	68.098
=	98.217

Manav infra projects's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2021 )	+	Total Debt (Q: Mar. 2022 ))	/ count )
=	-1 * -15.038	/	( (111.634	+	119.648)	/ 2 )
=	-1 * -15.038	/	115.641
=	13.00 %

where

	Total Debt (Q: Sep. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	53.587	+	58.047
=	111.634

	Total Debt (Q: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	50.212	+	69.436
=	119.648

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 two times the semi-annual (Mar. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Manav infra projects (NSE:MANAV) Effective Interest Rate on Debt % Explanation

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

Manav infra projects Effective Interest Rate on Debt % Related Terms

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Manav infra projects (NSE:MANAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Manav infra projects Ltd (NSE:MANAV) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Akurli Road, 226, Gundecha Industrial - Complex, Near Growels Mall, Kandivali (East), Mumbai, MH, IND, 400101

Website

https://www.manavinfra.com

Manav infra projects Ltd is engaged in civil construction services such as piling, excavation, road construction, land leveling. It also provides earth moving machines and construction equipment on rent for infrastructure and construction-related work. Some of the company's projects include Sevens Sagbag, Aroha, HDIL Commercial Basement Work, and others.

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