Apeejay Surrendra Park Hotels (NSE:PARKHOTELS) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2023)

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What is Apeejay Surrendra Park Hotels 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. Apeejay Surrendra Park Hotels's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was ₹0 Mil. Apeejay Surrendra Park Hotels's average total debt for the quarter that ended in Sep. 2023 was ₹6,313 Mil. Therefore, Apeejay Surrendra Park Hotels's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 0.00%.

Apeejay Surrendra Park Hotels Effective Interest Rate on Debt % Historical Data

The historical data trend for Apeejay Surrendra Park Hotels'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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Apeejay Surrendra Park Hotels Effective Interest Rate on Debt % Chart

Apeejay Surrendra Park Hotels Annual Data

Trend

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

9.19

9.43

9.77

Apeejay Surrendra Park Hotels Quarterly Data
	Mar21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	-	-	-	-	-

Competitive Comparison of Apeejay Surrendra Park Hotels's Effective Interest Rate on Debt %

For the Lodging subindustry, Apeejay Surrendra Park Hotels'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.

Apeejay Surrendra Park Hotels's Effective Interest Rate on Debt % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Apeejay Surrendra Park Hotels's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Apeejay Surrendra Park Hotels's Effective Interest Rate on Debt % falls into.

Apeejay Surrendra Park Hotels Effective Interest Rate on Debt % Calculation

Apeejay Surrendra Park Hotels'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 * -621.2	/	( (6536.79	+	6174.3)	/ 2 )
=	-1 * -621.2	/	6355.545
=	9.77 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5043.9	+	1492.89
=	6536.79

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5444.5	+	729.8
=	6174.3

Apeejay Surrendra Park Hotels'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 * 0	/	( (6174.3	+	6451.2)	/ 2 )
=	-1 * 0	/	6312.75
=	0.00 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5444.5	+	729.8
=	6174.3

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5216.65	+	1234.55
=	6451.2

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

Apeejay Surrendra Park Hotels (NSE:PARKHOTELS) Effective Interest Rate on Debt % Explanation

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

Apeejay Surrendra Park Hotels Effective Interest Rate on Debt % Related Terms

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Apeejay Surrendra Park Hotels (NSE:PARKHOTELS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Apeejay Surrendra Park Hotels Ltd (NSE:PARKHOTELS) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

544111:India

Address

N80, Connaught Place, New Delhi, IND, 110001

Website

https://www.theparkhotels.com

Apeejay Surrendra Park Hotels Ltd is engaged in hotel business. It operate hotels under following four brands, namely "THE PARK, "THE PARK Collection", "Zone by The Park", "Zone Connect by The Park" and have recently launched economy motel brand, "Stop by Zone".

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