Hindustan Copper (BOM:513599) Effective Interest Rate on Debt % : 6.13% (As of Dec. 2023)

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What is Hindustan Copper 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. Hindustan Copper's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹178 Mil. Hindustan Copper's average total debt for the quarter that ended in Dec. 2023 was ₹2,910 Mil. Therefore, Hindustan Copper's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.13%.

Hindustan Copper Effective Interest Rate on Debt % Historical Data

The historical data trend for Hindustan Copper'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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Hindustan Copper Effective Interest Rate on Debt % Chart

Hindustan Copper Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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1.55

1.52

1.09

0.70

2.66

Hindustan Copper Quarterly Data
	Mar19	Jun19	Sep19	Dec19	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															3.87	-13.28	10.12	5.61	6.13

Competitive Comparison of Hindustan Copper's Effective Interest Rate on Debt %

For the Copper subindustry, Hindustan Copper'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.

Hindustan Copper's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Hindustan Copper's Effective Interest Rate on Debt % distribution charts can be found below:

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

Hindustan Copper Effective Interest Rate on Debt % Calculation

Hindustan Copper'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 * -75.327	/	( (4089.97	+	1568.634)	/ 2 )
=	-1 * -75.327	/	2829.302
=	2.66 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1935.82	+	2154.15
=	4089.97

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	174.775	+	1393.859
=	1568.634

Hindustan Copper'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 * -178.4	/	( (2909.5	+	0)	/ 1 )
=	-1 * -178.4	/	2909.5
=	6.13 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.8	+	2906.7
=	2909.5

	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.

Hindustan Copper (BOM:513599) Effective Interest Rate on Debt % Explanation

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

Hindustan Copper Effective Interest Rate on Debt % Related Terms

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Hindustan Copper (BOM:513599) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hindustan Copper Ltd (BOM:513599) » Definitions » Effective Interest Rate on Debt %

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HINDCOPPER:India

Address

1, Ashutosh Chowdhury Avenue, Tamara Bhavan, Kolkata, WB, IND, 700 019

Website

https://www.hindustancopper.com

Hindustan Copper Ltd is a copper production company. It is engaged in the exploration, exploitation, and mining of copper and copper ore including beneficiation of minerals, smelting, and refining. Geographically, it operates only in India. The company product portfolio includes Continuous cast copper wire rods, copper cathodes, Copper sulphate, sulphuric acid, Anode slime, and others. The company is primarily engaged in the business of manufacturing and sale of copper products.

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