Rallis India (BOM:500355) Effective Interest Rate on Debt % : 22.98% (As of Mar. 2024)

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What is Rallis 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. Rallis India's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹307 Mil. Rallis India's average total debt for the quarter that ended in Mar. 2024 was ₹1,337 Mil. Therefore, Rallis India's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 22.98%.

Rallis India Effective Interest Rate on Debt % Historical Data

The historical data trend for Rallis 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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Rallis India Effective Interest Rate on Debt % Chart

Rallis India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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7.34

6.15

5.69

10.67

13.08

Rallis India 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															15.33	8.78	9.30	12.40	22.98

Competitive Comparison of Rallis India's Effective Interest Rate on Debt %

For the Agricultural Inputs subindustry, Rallis 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.

Rallis India's Effective Interest Rate on Debt % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Rallis India's Effective Interest Rate on Debt % distribution charts can be found below:

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

Rallis India Effective Interest Rate on Debt % Calculation

Rallis India'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 * -176.8	/	( (1367	+	1337)	/ 2 )
=	-1 * -176.8	/	1352
=	13.08 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	236.6	+	1130.4
=	1367

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1129.2	+	207.8
=	1337

Rallis India'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 * -307.2	/	( (0	+	1337)	/ 1 )
=	-1 * -307.2	/	1337
=	22.98 %

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
=	1129.2	+	207.8
=	1337

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.

Rallis India (BOM:500355) Effective Interest Rate on Debt % Explanation

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

Rallis India Effective Interest Rate on Debt % Related Terms

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Rallis India (BOM:500355) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Rallis India Ltd (BOM:500355) » Definitions » Effective Interest Rate on Debt %

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RALLIS:India

Address

Off Eastern Freeway, 23rd Floor, Lodha Excelus, New Cuffe Parade, Wadala, Mumbai, MH, IND, 400 037

Website

http://www.rallis.co.in

Rallis India Ltd manufactures and sells crop protection products, seeds, plant growth nutrients, and agriculture related services to the agriculture industry. The company has two reporting segments-Agri-Inputs and Others. The Agri-Inputs segment, which generates the vast majority of revenue, includes fertilizers, pesticides, insecticides, herbicides, fungicides, plant growth nutrients, and seeds. The Others segment consists of the manufacture and sale of plastics and polymers. The vast majority of revenue is generated in India.

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