Elgi Rubber Co (NSE:ELGIRUBCO) Effective Interest Rate on Debt % : 9.59% (As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Elgi Rubber Co 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. Elgi Rubber Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was ₹277 Mil. Elgi Rubber Co's average total debt for the quarter that ended in Dec. 2023 was ₹2,887 Mil. Therefore, Elgi Rubber Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 9.59%.

Elgi Rubber Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Elgi Rubber Co'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.

* Premium members only.

Elgi Rubber Co Effective Interest Rate on Debt % Chart

Elgi Rubber Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

5.19

6.40

5.54

5.96

7.59

Elgi Rubber Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															9.12	10.31	9.44	7.79	9.59

Competitive Comparison of Elgi Rubber Co's Effective Interest Rate on Debt %

For the Auto Parts subindustry, Elgi Rubber Co'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.

Elgi Rubber Co's Effective Interest Rate on Debt % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Elgi Rubber Co's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Elgi Rubber Co's Effective Interest Rate on Debt % falls into.

Elgi Rubber Co Effective Interest Rate on Debt % Calculation

Elgi Rubber Co'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 * -196.74	/	( (2473.74	+	2713.42)	/ 2 )
=	-1 * -196.74	/	2593.58
=	7.59 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	637.81	+	1835.93
=	2473.74

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	763.83	+	1949.59
=	2713.42

Elgi Rubber Co'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 * -276.96	/	( (2886.768	+	0)	/ 1 )
=	-1 * -276.96	/	2886.768
=	9.59 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	956.285	+	1930.483
=	2886.768

	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.

Elgi Rubber Co (NSE:ELGIRUBCO) Effective Interest Rate on Debt % Explanation

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

Elgi Rubber Co Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Elgi Rubber Co's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Elgi Rubber Co (NSE:ELGIRUBCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Elgi Rubber Co Ltd (NSE:ELGIRUBCO) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Super A Unit, Coimbatore Private Industrial Estate, Coimbatore, TN, IND, 641 021

Website

http://www.elgirubber.com

Elgi Rubber Co Ltd provides solutions to Rubber Industry and is engaged in the business of manufacturing Reclaimed Rubber, Retreading machinery, and Retread rubber. The company has only one business segment, that is, manufacture of Reclaimed rubber and allied activities. Geographically, it derives a majority of its revenue from India. The company sells its product under various brands such as Jet, CRS (Cincinnati Retread Systems, Armonas, Pincott, Carbrasive, Midwest Rubber, Westernweld, Rubber Resources, and Rubber Compounding Holland. Its business operation comprises a single operating segment being Rubber Industry.

Elgi Rubber Co (NSE:ELGIRUBCO) Headlines

No Headlines