Shashwat Furnishing Solutions (BOM:543519) Effective Interest Rate on Debt % : 13.15% (As of Mar. 2024)

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What is Shashwat Furnishing Solutions 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. Shashwat Furnishing Solutions's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₹1.96 Mil. Shashwat Furnishing Solutions's average total debt for the quarter that ended in Mar. 2024 was ₹14.92 Mil. Therefore, Shashwat Furnishing Solutions's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 13.15%.

Shashwat Furnishing Solutions Effective Interest Rate on Debt % Historical Data

The historical data trend for Shashwat Furnishing Solutions'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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Shashwat Furnishing Solutions Effective Interest Rate on Debt % Chart

Shashwat Furnishing Solutions Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

4.65

7.59

12.03

Shashwat Furnishing Solutions Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			9.30	-	2.24	10.48	13.15

Competitive Comparison of Shashwat Furnishing Solutions's Effective Interest Rate on Debt %

For the Furnishings, Fixtures & Appliances subindustry, Shashwat Furnishing Solutions'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.

Shashwat Furnishing Solutions's Effective Interest Rate on Debt % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Shashwat Furnishing Solutions's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Shashwat Furnishing Solutions's Effective Interest Rate on Debt % falls into.

Shashwat Furnishing Solutions Effective Interest Rate on Debt % Calculation

Shashwat Furnishing Solutions'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 * -1.669	/	( (12.085	+	15.661)	/ 2 )
=	-1 * -1.669	/	13.873
=	12.03 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.66	+	1.425
=	12.085

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.787	+	7.874
=	15.661

Shashwat Furnishing Solutions'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 * -1.962	/	( (14.178	+	15.661)	/ 2 )
=	-1 * -1.962	/	14.9195
=	13.15 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.777	+	4.401
=	14.178

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.787	+	7.874
=	15.661

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.

Shashwat Furnishing Solutions (BOM:543519) Effective Interest Rate on Debt % Explanation

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

Shashwat Furnishing Solutions Effective Interest Rate on Debt % Related Terms

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Shashwat Furnishing Solutions (BOM:543519) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Shashwat Furnishing Solutions Ltd (BOM:543519) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

121, Mahaveer Nagar, Guro Ka Talab,, Jain Colony, Jodhpur, RJ, IND, 342001

Website

https://www.handicraftsvillage.com

Shashwat Furnishing Solutions Ltd is an Indian handicrafts manufacturer and supplier. It is engaged in the processing of semi-finished furniture products into finished products and manufacturing through job work of furniture and handicraft items. It specializes in developing a qualitative range of Industrial Furniture and Restaurant and Cafe Furniture, Garden and Outdoor Furniture Vintage Furniture, Mirror Frames, Wall clocks and various other decoration and handicrafts objects.

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