DEBT

The Company's debts consisted of the following:


(In thousands)	December 31, 2015		March 31, 2015
Short-term debt	$	98,677	$	145,639
Long-term debt due within one year		74,985		130,426
Total debt, current		173,662		276,065
Long-term debt, non-current portion		300,323		144,627
Total	$	473,985	$	420,692

Long-term debt

The long-term debts, including current portion, as of December 31, 2015 and March 31, 2015 are comprised of:


(In thousands)	December 31, 2015		March 31, 2015
Long-term debt borrowed in Mainland China	$	221,010	$	154,393
Long-term debt borrowed in Hong Kong		78,031		93,099
Long-term debt borrowed in France		76,267		27,561
Total	$	375,308	$	275,053

As of December 31, 2015, long-term debts which were borrowed from banks in Mainland China were secured by restricted cash deposits of $61.6 million. Most of these debts have floating interest rates range from 1.22% to 6.00%, which are calculated based on the benchmark lending interest rate published by China's central bank. The maturity dates range from January 2016 to December 2018.

As of December 31, 2015, long-term debts which were borrowed from banks in Hong Kong were secured by restricted cash deposits of $56.9 million. These debts have floating interest rates range from Libor+1.1% to Libor+2.60%, which are calculated based on LIBOR. The maturity dates of the used facilities range from February 2016 to December 2017.

As of December 31, 2015, long-term debts which were borrowed from banks in France were secured by restricted cash deposits of $35.7million and all the long-lived assets of the French Project. $29.9 million of these debts have floating interest rates range from Libor+3% to Libor+3.4%, which are calculated based on LIBOR, and $46.4 million of these debts have fixed interest rates range from 2.2% to 4.3%. The maturity dates of the borrowed debts range from January 2019 to September 2022. As of December 31, 2015, the company has €6.7 million available for further draw down under committed long-term bank loan facility for Synutra France.

The weighted average interest rate as of December 31, 2015 and March 31, 2015 for the long-term debts was 4.3% and 4.4%, respectively.

The total amount of interest cost incurred was $5.4 million and $3.8 million, and the amount thereof that has been capitalized was $1.3 million and $0.5 million, for the quarter ended December 31, 2015 and 2014, respectively. The total amount of interest cost incurred was $15.7 million and $13.1 million, and the amount thereof that has been capitalized was $3.2 million and $1.3 million, for the nine months ended December 31, 2015 and 2014, respectively.

As of December 31, 2015, borrowings both in short-term and long-term, including current portion, denominated in RMB, USD and EUR were $200.8 million, $141.3 million and $131.9 million, respectively.

Maturities on long-term debt, including current and non-current portion, subject to mandatory redemption are as follows:


(In thousands)	Twelve Months Ended
December 31, 2016	$	74,985
December 31, 2017		130,709
December 31, 2018		93,346
December 31, 2019		29,939
December 31, 2020		46,329
Total	$	375,308