Prima Agro (BOM:519262) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Prima Agro 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. Prima Agro's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹0.00 Mil. Prima Agro's average total debt for the quarter that ended in Dec. 2023 was ₹63.88 Mil. Therefore, Prima Agro's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Prima Agro Effective Interest Rate on Debt % Historical Data

The historical data trend for Prima Agro'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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Prima Agro Effective Interest Rate on Debt % Chart

Prima Agro Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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10.01

12.38

7.42

6.89

1.53

Prima Agro Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	3.42	-	-

Competitive Comparison of Prima Agro's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Prima Agro'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.

Prima Agro's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Prima Agro's Effective Interest Rate on Debt % distribution charts can be found below:

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

Prima Agro Effective Interest Rate on Debt % Calculation

Prima Agro'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 * -0.56	/	( (7.698	+	65.51)	/ 2 )
=	-1 * -0.56	/	36.604
=	1.53 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.312	+	1.386
=	7.698

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	65.51	+	0
=	65.51

Prima Agro'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 * 0	/	( (63.88	+	0)	/ 1 )
=	-1 * 0	/	63.88
=	0.00 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	63.88	+	0
=	63.88

	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.

Prima Agro (BOM:519262) Effective Interest Rate on Debt % Explanation

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

Prima Agro Effective Interest Rate on Debt % Related Terms

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Prima Agro (BOM:519262) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Prima Agro Ltd (BOM:519262) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Door No. V/679-C, Industrial Development Area, Muppathadam P.O., Edayar, Cochin, KL, IND, 683110

Website

https://www.primaagro.in

Prima Agro Ltd is engaged in manufacturing cattle feeds. The company has its manufacturing divisions in the Industrial Areas at Edayar, Kochi, and at Trivandrum. It manufactures cattle feed pellets in 70kg and 50kg packing. The company is also engaged in the trading of commodities and downstream products.

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