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Choksi Laboratories (BOM:526546) Effective Interest Rate on Debt % : 8.76% (As of Sep. 2024)


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What is Choksi Laboratories 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. Choksi Laboratories's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was ₹26.3 Mil. Choksi Laboratories's average total debt for the quarter that ended in Sep. 2024 was ₹300.0 Mil. Therefore, Choksi Laboratories's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 8.76%.


Choksi Laboratories Effective Interest Rate on Debt % Historical Data

The historical data trend for Choksi Laboratories'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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Choksi Laboratories Effective Interest Rate on Debt % Chart

Choksi Laboratories Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.42 7.69 8.41 10.03 9.50

Choksi Laboratories Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.26 6.58 9.99 9.31 8.76

Competitive Comparison of Choksi Laboratories's Effective Interest Rate on Debt %

For the Diagnostics & Research subindustry, Choksi Laboratories'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.


Choksi Laboratories's Effective Interest Rate on Debt % Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Choksi Laboratories's Effective Interest Rate on Debt % distribution charts can be found below:

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



Choksi Laboratories Effective Interest Rate on Debt % Calculation

Choksi Laboratories'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  *  -30.073/( (324.163+308.726)/ 2 )
=-1  *  -30.073/316.4445
=9.50 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=252.137 + 72.026
=324.163

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=190.782 + 117.944
=308.726

Choksi Laboratories's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -26.296/( (0+300.04)/ 1 )
=-1  *  -26.296/300.04
=8.76 %

where

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=193.151 + 106.889
=300.04

* 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.

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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Choksi Laboratories  (BOM:526546) Effective Interest Rate on Debt % Explanation

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


Choksi Laboratories Effective Interest Rate on Debt % Related Terms

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Choksi Laboratories Business Description

Traded in Other Exchanges
N/A
Address
Survey no. 9/1, Near Tulsiyana Industrial Park, Gram Kumerdi, Indore, MP, IND, 452010
Choksi Laboratories Ltd is an analysis and research company. The company provides contract testing and analytical services. The Company analyzes for its clients as a regulatory requirement pharmaceuticals, food and agricultural products, construction materials, chemicals, Calibration and environment Monitoring services.

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