Rex Sealing and Packaging Industries (BOM:543744) Effective Interest Rate on Debt % : 17.54% (As of Sep. 2023)

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What is Rex Sealing and Packaging 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. Rex Sealing and Packaging Industries's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ₹2.8 Mil. Rex Sealing and Packaging Industries's average total debt for the quarter that ended in Sep. 2023 was ₹16.2 Mil. Therefore, Rex Sealing and Packaging Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 17.54%.

Rex Sealing and Packaging Industries Effective Interest Rate on Debt % Historical Data

The historical data trend for Rex Sealing and Packaging 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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Rex Sealing and Packaging Industries Effective Interest Rate on Debt % Chart

Rex Sealing and Packaging Industries Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

12.90

11.47

10.19

18.13

Rex Sealing and Packaging Industries Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	-	11.03	42.38	17.54

Competitive Comparison of Rex Sealing and Packaging Industries's Effective Interest Rate on Debt %

For the Specialty Business Services subindustry, Rex Sealing and Packaging 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.

Rex Sealing and Packaging Industries's Effective Interest Rate on Debt % Distribution in the Business Services Industry

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

* The bar in red indicates where Rex Sealing and Packaging Industries's Effective Interest Rate on Debt % falls into.

Rex Sealing and Packaging Industries Effective Interest Rate on Debt % Calculation

Rex Sealing and Packaging 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 * -4.428	/	( (37.771	+	11.063)	/ 2 )
=	-1 * -4.428	/	24.417
=	18.13 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	37.771
=	37.771

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.7	+	2.363
=	11.063

Rex Sealing and Packaging Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -2.848	/	( (11.063	+	21.407)	/ 2 )
=	-1 * -2.848	/	16.235
=	17.54 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.7	+	2.363
=	11.063

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.7	+	12.707
=	21.407

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

Rex Sealing and Packaging Industries (BOM:543744) Effective Interest Rate on Debt % Explanation

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

Rex Sealing and Packaging Industries Effective Interest Rate on Debt % Related Terms

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Rex Sealing and Packaging Industries (BOM:543744) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Rex Sealing and Packaging Industries Ltd (BOM:543744) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

D K Road, A-207, 2nd Floor, Plot No.711 A, Byculla Services Industries, Ghodapdeo, Byculla (East), Mumbai, MH, IND, 400027

Website

https://www.rexseal.com

Rex Sealing and Packaging Industries Ltd is a manufacturer and exporter of sealing packing and insulation products including jointing sheets, fabric expansion joints, gland packing and ropes, high-temperature resistant textiles, ceramic fiber products, and others.

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