Swaraj Suiting (NSE:SWARAJ) Effective Interest Rate on Debt % : 10.22% (As of Mar. 2023)

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What is Swaraj Suiting 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. Swaraj Suiting's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was ₹115 Mil. Swaraj Suiting's average total debt for the quarter that ended in Mar. 2023 was ₹1,124 Mil. Therefore, Swaraj Suiting's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 10.22%.

Swaraj Suiting Effective Interest Rate on Debt % Historical Data

The historical data trend for Swaraj Suiting'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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Swaraj Suiting Effective Interest Rate on Debt % Chart

Swaraj Suiting Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

7.42

9.97

6.48

5.05

9.05

Swaraj Suiting Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	8.32	4.51	5.90	10.22

Competitive Comparison of Swaraj Suiting's Effective Interest Rate on Debt %

For the Textile Manufacturing subindustry, Swaraj Suiting'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.

Swaraj Suiting's Effective Interest Rate on Debt % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Swaraj Suiting's Effective Interest Rate on Debt % distribution charts can be found below:

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

Swaraj Suiting Effective Interest Rate on Debt % Calculation

Swaraj Suiting'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 * -84.765	/	( (738.957	+	1133.967)	/ 2 )
=	-1 * -84.765	/	936.462
=	9.05 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	587.642	+	151.315
=	738.957

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	556.497	+	577.47
=	1133.967

Swaraj Suiting's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -114.88	/	( (1113.612	+	1133.967)	/ 2 )
=	-1 * -114.88	/	1123.7895
=	10.22 %

where

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	594.033	+	519.579
=	1113.612

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	556.497	+	577.47
=	1133.967

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

Swaraj Suiting (NSE:SWARAJ) Effective Interest Rate on Debt % Explanation

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

Swaraj Suiting Effective Interest Rate on Debt % Related Terms

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Swaraj Suiting (NSE:SWARAJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Swaraj Suiting Ltd (NSE:SWARAJ) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

RIICO Growth Centre, F-483 To F-487, Hamirgarh, Bhilwara, RJ, IND, 311025

Website

https://www.swarajsuiting.com

Swaraj Suiting Ltd is mainly engaged into the textile industry. It operates under various verticals namely manufacturing of denim, grey fabric, weaving on a Job Work basis, trading of the finished fabric and grey fabric and yarn. The company operates in four states Rajasthan, Gujarat, Madhya Pradesh and Maharashtra. The company generates the majority of its revenue from Finish Fabrics sale.

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