Motor & General Finance (BOM:501343) Effective Interest Rate on Debt % : 29.37% (As of Mar. 2024)

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What is Motor & General Finance 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. Motor & General Finance's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹3.72 Mil. Motor & General Finance's average total debt for the quarter that ended in Mar. 2024 was ₹12.66 Mil. Therefore, Motor & General Finance's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 29.37%.

Motor & General Finance Effective Interest Rate on Debt % Historical Data

The historical data trend for Motor & General Finance'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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Motor & General Finance Effective Interest Rate on Debt % Chart

Motor & General Finance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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17.53

14.79

13.69

17.63

25.23

Motor & General Finance 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															21.74	20.08	20.58	20.07	29.37

Competitive Comparison of Motor & General Finance's Effective Interest Rate on Debt %

For the Real Estate Services subindustry, Motor & General Finance'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.

Motor & General Finance's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Motor & General Finance's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Motor & General Finance's Effective Interest Rate on Debt % falls into.

Motor & General Finance Effective Interest Rate on Debt % Calculation

Motor & General Finance'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 * -4.172	/	( (20.402	+	12.664)	/ 2 )
=	-1 * -4.172	/	16.533
=	25.23 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	20.402
=	20.402

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	12.664
=	12.664

Motor & General Finance'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 * -3.72	/	( (0	+	12.664)	/ 1 )
=	-1 * -3.72	/	12.664
=	29.37 %

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
=	0	+	12.664
=	12.664

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.

Motor & General Finance (BOM:501343) Effective Interest Rate on Debt % Explanation

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

Motor & General Finance Effective Interest Rate on Debt % Related Terms

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Motor & General Finance (BOM:501343) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Motor & General Finance Ltd (BOM:501343) » Definitions » Effective Interest Rate on Debt %

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MOTOGENFIN:India

Address

4/17 B, Asaf Ali Road, MGF House, New Delhi, IND, 110 002

Website

https://www.mgfltd.com

Motor & General Finance Ltd is engaged in the business of leasing and development of real estate. Geographically, it operates only in India. It operates in a single segment namely Rental/leasing of Immovable Property and has only one reportable segment.

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