Flomic Global Logistics (BOM:504380) Effective Interest Rate on Debt % : 8.26% (As of Mar. 2024)

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What is Flomic Global Logistics 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. Flomic Global Logistics's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹94 Mil. Flomic Global Logistics's average total debt for the quarter that ended in Mar. 2024 was ₹1,133 Mil. Therefore, Flomic Global Logistics's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.26%.

Flomic Global Logistics Effective Interest Rate on Debt % Historical Data

The historical data trend for Flomic Global Logistics'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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Flomic Global Logistics Effective Interest Rate on Debt % Chart

Flomic Global Logistics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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8.08

9.12

11.50

12.59

9.26

Flomic Global Logistics 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															11.29	10.77	13.59	12.40	8.26

Competitive Comparison of Flomic Global Logistics's Effective Interest Rate on Debt %

For the Integrated Freight & Logistics subindustry, Flomic Global Logistics'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.

Flomic Global Logistics's Effective Interest Rate on Debt % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Flomic Global Logistics's Effective Interest Rate on Debt % distribution charts can be found below:

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

Flomic Global Logistics Effective Interest Rate on Debt % Calculation

Flomic Global Logistics'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 * -85.838	/	( (720.163	+	1133.407)	/ 2 )
=	-1 * -85.838	/	926.785
=	9.26 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	327.748	+	392.415
=	720.163

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	589.808	+	543.599
=	1133.407

Flomic Global Logistics'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 * -93.612	/	( (0	+	1133.407)	/ 1 )
=	-1 * -93.612	/	1133.407
=	8.26 %

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
=	589.808	+	543.599
=	1133.407

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.

Flomic Global Logistics (BOM:504380) Effective Interest Rate on Debt % Explanation

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

Flomic Global Logistics Effective Interest Rate on Debt % Related Terms

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Flomic Global Logistics (BOM:504380) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Flomic Global Logistics Ltd (BOM:504380) » Definitions » Effective Interest Rate on Debt %

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Address

205, Off Nehru Road, Enterprise Centre, Beside Orchid Hote, Vile Parle (East), Mumbai, MH, IND, 400099

Website

http://www.flomicgroup.com

Flomic Global Logistics Ltd operates in the multi-cargo, multi-surface logistics business. It offers various logistics services including freight forwarding, customs brokerage, warehousing, cross trades and transportation services. The company has only one business segment namely, Freight forwarding and Custom House Agent.

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