Elnet Technologies (BOM:517477) Effective Interest Rate on Debt % : 16.48% (As of Mar. 2024)

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What is Elnet Technologies 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. Elnet Technologies's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹7.0 Mil. Elnet Technologies's average total debt for the quarter that ended in Mar. 2024 was ₹42.6 Mil. Therefore, Elnet Technologies's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 16.48%.

Elnet Technologies Effective Interest Rate on Debt % Historical Data

The historical data trend for Elnet Technologies'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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Elnet Technologies Effective Interest Rate on Debt % Chart

Elnet Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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20.32

16.77

11.77

14.98

15.43

Elnet Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															28.54	5.24	14.92	-	16.48

Competitive Comparison of Elnet Technologies's Effective Interest Rate on Debt %

For the Real Estate - Diversified subindustry, Elnet Technologies'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.

Elnet Technologies's Effective Interest Rate on Debt % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Elnet Technologies's Effective Interest Rate on Debt % distribution charts can be found below:

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

Elnet Technologies Effective Interest Rate on Debt % Calculation

Elnet Technologies'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 * -6.58	/	( (42.634	+	42.634)	/ 2 )
=	-1 * -6.58	/	42.634
=	15.43 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	42.634
=	42.634

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	42.634
=	42.634

Elnet Technologies'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 * -7.028	/	( (0	+	42.634)	/ 1 )
=	-1 * -7.028	/	42.634
=	16.48 %

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	+	42.634
=	42.634

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.

Elnet Technologies (BOM:517477) Effective Interest Rate on Debt % Explanation

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

Elnet Technologies Effective Interest Rate on Debt % Related Terms

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Elnet Technologies (BOM:517477) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Elnet Technologies Ltd (BOM:517477) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Rajiv Gandhi Salai, Elnet Software City, TS 140, Block Number 2 and 9, Taramani, Chennai, TN, IND, 600 113

Website

http://www.elnettechnologies.com

Elnet Technologies Ltd is engaged in providing infrastructure to Software and Business Process Outsourcing Industries. It also provides renting of office space. The company operates in developing and managing Software Technology Park in India. In addition, the firm provides infrastructure for the information technology (IT) and IT-enabled service (ITES) industry. It operates in the segment of Developing and maintaining integrated software technology parks. Geographically, the group has a business presence in India.

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