Suumaya Industries (NSE:SUULD) Effective Interest Rate on Debt % : 0.48% (As of Dec. 2023)

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What is Suumaya Industries 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. Suumaya Industries's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹17 Mil. Suumaya Industries's average total debt for the quarter that ended in Dec. 2023 was ₹3,475 Mil. Therefore, Suumaya Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.48%.

Suumaya Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for Suumaya Industries'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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Suumaya Industries Effective Interest Rate on Debt % Chart

Suumaya Industries Annual Data

Trend

Mar13

Mar14

Mar15

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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0.87

1.46

20.95

3.59

14.86

Suumaya Industries 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															0.28	58.50	0.40	0.44	0.48

Competitive Comparison of Suumaya Industries's Effective Interest Rate on Debt %

For the Apparel Retail subindustry, Suumaya Industries'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.

Suumaya Industries's Effective Interest Rate on Debt % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Suumaya Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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

Suumaya Industries Effective Interest Rate on Debt % Calculation

Suumaya Industries'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 * -551.5	/	( (3864.2	+	3558.3)	/ 2 )
=	-1 * -551.5	/	3711.25
=	14.86 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	187.9	+	3676.3
=	3864.2

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	302.1	+	3256.2
=	3558.3

Suumaya Industries'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 * -16.8	/	( (3474.5	+	0)	/ 1 )
=	-1 * -16.8	/	3474.5
=	0.48 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	61.4	+	3413.1
=	3474.5

	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.

Suumaya Industries (NSE:SUULD) Effective Interest Rate on Debt % Explanation

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

Suumaya Industries Effective Interest Rate on Debt % Related Terms

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Suumaya Industries (NSE:SUULD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Suumaya Industries Ltd (NSE:SUULD) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Western Express Highway, Wing B, 20th Floor, Lotus Corporate Park, Goregaon East, Mumbai, MH, IND, 400063

Website

https://www.suumaya.com

Suumaya Industries Ltd is an India based company. The company's operating segment includes Textile; Retail and Agri produce. It generates maximum revenue from Agri produce segment. Agri produce segment business deals with a supply chain of various agri commodities such as wheat, rice, and dal.

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