Mangalam Global Enterprise (NSE:MGEL) Effective Interest Rate on Debt % : 11.48% (As of Mar. 2024)

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What is Mangalam Global Enterprise 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. Mangalam Global Enterprise's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹231 Mil. Mangalam Global Enterprise's average total debt for the quarter that ended in Mar. 2024 was ₹2,013 Mil. Therefore, Mangalam Global Enterprise's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 11.48%.

Mangalam Global Enterprise Effective Interest Rate on Debt % Historical Data

The historical data trend for Mangalam Global Enterprise'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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Mangalam Global Enterprise Effective Interest Rate on Debt % Chart

Mangalam Global Enterprise Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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12.29

7.32

7.89

7.06

11.16

Mangalam Global Enterprise 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															6.35	10.31	11.61	10.84	11.48

Competitive Comparison of Mangalam Global Enterprise's Effective Interest Rate on Debt %

For the Farm Products subindustry, Mangalam Global Enterprise'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.

Mangalam Global Enterprise's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mangalam Global Enterprise's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Mangalam Global Enterprise's Effective Interest Rate on Debt % falls into.

Mangalam Global Enterprise Effective Interest Rate on Debt % Calculation

Mangalam Global Enterprise'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 * -254.055	/	( (2539.214	+	2013.457)	/ 2 )
=	-1 * -254.055	/	2276.3355
=	11.16 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	304.468	+	2234.746
=	2539.214

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	369.932	+	1643.525
=	2013.457

Mangalam Global Enterprise'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 * -231.076	/	( (0	+	2013.457)	/ 1 )
=	-1 * -231.076	/	2013.457
=	11.48 %

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
=	369.932	+	1643.525
=	2013.457

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.

Mangalam Global Enterprise (NSE:MGEL) Effective Interest Rate on Debt % Explanation

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

Mangalam Global Enterprise Effective Interest Rate on Debt % Related Terms

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Mangalam Global Enterprise (NSE:MGEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mangalam Global Enterprise Ltd (NSE:MGEL) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

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Address

42, Shrimali Society, Netaji Marg, 101, Mangalam Corporate House, Mithakhali, Navrangpura, Ahmedabad, GJ, IND, 380 009

Website

https://www.groupmangalam.com

Mangalam Global Enterprise Ltd is an Indian firm engaged in the business of manufacturing Agro-based commodities. The business operates in a single segment which includes; castor seeds, castor derivatives products, cotton, cotton ginning, rice, mustard seeds and other agro commodities. It manufactures and sells Refined Castor Oil, Castor De-Oiled Cake and High Protein Castor De-Oiled Cake for domestic and export sale to international markets. Substantial revenue accrues from Domestic sales.

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