CLC Industries (BOM:521082) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2023)

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What is CLC Industries 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. CLC Industries's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was ₹0.00 Mil. CLC Industries's average total debt for the quarter that ended in Mar. 2023 was ₹5,355.08 Mil. Therefore, CLC Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 0.00%.

CLC Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for CLC Industries'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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CLC Industries Effective Interest Rate on Debt % Chart

CLC Industries Annual Data

Trend

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar22

Mar23

Effective Interest Rate on Debt %

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9.76

2.98

2.65

CLC Industries Semi-Annual Data
	Mar07	Mar08	Mar09	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar22	Mar23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial										9.76	2.98	2.65	-	-

Competitive Comparison of CLC Industries's Effective Interest Rate on Debt %

For the Textile Manufacturing subindustry, CLC Industries'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.

CLC Industries's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, CLC Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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

CLC Industries Effective Interest Rate on Debt % Calculation

CLC Industries'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 * -0.005	/	( (5355.082	+	5355.082)	/ 2 )
=	-1 * -0.005	/	5355.082
=	0.00 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5355.082
=	5355.082

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5355.082
=	5355.082

CLC Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -0.005	/	( (5355.082	+	5355.082)	/ 2 )
=	-1 * -0.005	/	5355.082
=	0.00 %

where

	Total Debt (Q: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5355.082
=	5355.082

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5355.082
=	5355.082

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 one times the annual (Mar. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

CLC Industries (BOM:521082) Effective Interest Rate on Debt % Explanation

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

CLC Industries Effective Interest Rate on Debt % Related Terms

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CLC Industries (BOM:521082) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » CLC Industries Ltd (BOM:521082) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

SPENTEX:India

Address

A-60, Okhla Industrial Area, Phase - II, New Delhi, IND, 110020

Website

https://www.spentex.net

CLC Industries Ltd is a textile company based in India. It manufactures cotton yarn, synthetic yarn cotton, and blended yarn. The products of the company include hosiery yarn, weaving yarn, carpet yarn, sewing thread, flat knitting, and industrial yarn. The business segments of the company are Textile Manufacturing, Textile Trading, and Other Trading. The majority of the revenue is generated from the textile manufacturing segment of the company. The company operates in India and internationally and derives its key revenue from India.

CLC Industries (BOM:521082) Headlines

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