Ranjeet Mechatronics (BOM:541945) Effective Interest Rate on Debt % : 12.76% (As of Mar. 2024)

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What is Ranjeet Mechatronics 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. Ranjeet Mechatronics's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹13.7 Mil. Ranjeet Mechatronics's average total debt for the quarter that ended in Mar. 2024 was ₹107.0 Mil. Therefore, Ranjeet Mechatronics's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 12.76%.

Ranjeet Mechatronics Effective Interest Rate on Debt % Historical Data

The historical data trend for Ranjeet Mechatronics'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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Ranjeet Mechatronics Effective Interest Rate on Debt % Chart

Ranjeet Mechatronics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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12.98

9.46

10.98

12.32

12.90

Ranjeet Mechatronics Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial												6.28	14.91	11.83	10.33	12.76

Competitive Comparison of Ranjeet Mechatronics's Effective Interest Rate on Debt %

For the Security & Protection Services subindustry, Ranjeet Mechatronics'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.

Ranjeet Mechatronics's Effective Interest Rate on Debt % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ranjeet Mechatronics's Effective Interest Rate on Debt % distribution charts can be found below:

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

Ranjeet Mechatronics Effective Interest Rate on Debt % Calculation

Ranjeet Mechatronics'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 * -13.392	/	( (123.847	+	83.853)	/ 2 )
=	-1 * -13.392	/	103.85
=	12.90 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	40.901	+	82.946
=	123.847

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.744	+	73.109
=	83.853

Ranjeet Mechatronics'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: Sep. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -13.656	/	( (130.223	+	83.853)	/ 2 )
=	-1 * -13.656	/	107.038
=	12.76 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	45.273	+	84.95
=	130.223

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.744	+	73.109
=	83.853

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 two times the semi-annual (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Ranjeet Mechatronics (BOM:541945) Effective Interest Rate on Debt % Explanation

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

Ranjeet Mechatronics Effective Interest Rate on Debt % Related Terms

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Ranjeet Mechatronics (BOM:541945) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ranjeet Mechatronics Ltd (BOM:541945) » Definitions » Effective Interest Rate on Debt %

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Address

Anand Nagar Char Rasta, Prahlad Nagar Road, Block A, Office No. 407/408, 4th Floor, Dev Aurum, Ahmedabad, GJ, IND, 380 015

Website

https://www.ranjeet.co.in

Ranjeet Mechatronics Ltd is a company providing specialized firefighting solutions as a system integrator. It provides end-to-end solutions in the installation, designing, commission, testing, implementation, management and operational support for technology-based security and fire solutions. Products and services offered by the company include a fire sprinkler system, fire detection system, gas suppression system, fire extinguishers system, fire hydrant system, high-velocity water spray system, and a medium-velocity water spray system.

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