Black Cat Syndicate (ASX:BC8) Effective Interest Rate on Debt % : 13.84% (As of Dec. 2023)

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What is Black Cat Syndicate 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. Black Cat Syndicate's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$1.59 Mil. Black Cat Syndicate's average total debt for the quarter that ended in Dec. 2023 was A$11.49 Mil. Therefore, Black Cat Syndicate's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 13.84%.

Black Cat Syndicate Effective Interest Rate on Debt % Historical Data

The historical data trend for Black Cat Syndicate'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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Black Cat Syndicate Effective Interest Rate on Debt % Chart

Black Cat Syndicate Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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15.53

6.08

Black Cat Syndicate Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial							-	35.37	15.38	11.60	13.84

Competitive Comparison of Black Cat Syndicate's Effective Interest Rate on Debt %

For the Gold subindustry, Black Cat Syndicate'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.

Black Cat Syndicate's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Black Cat Syndicate's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Black Cat Syndicate's Effective Interest Rate on Debt % falls into.

Black Cat Syndicate Effective Interest Rate on Debt % Calculation

Black Cat Syndicate's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.156	/	( (0.132	+	5)	/ 2 )
=	-1 * -0.156	/	2.566
=	6.08 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.064	+	0.068
=	0.132

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5	+	0
=	5

Black Cat Syndicate'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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -1.59	/	( (5	+	17.976)	/ 2 )
=	-1 * -1.59	/	11.488
=	13.84 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5	+	0
=	5

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.361	+	5.615
=	17.976

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

Black Cat Syndicate (ASX:BC8) Effective Interest Rate on Debt % Explanation

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

Black Cat Syndicate Effective Interest Rate on Debt % Related Terms

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Black Cat Syndicate (ASX:BC8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Black Cat Syndicate Ltd (ASX:BC8) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

52 Kings Park Road, Level 3, West Perth, Perth, WA, AUS, 6005

Website

https://www.blackcatsyndicate.com.au

Black Cat Syndicate Ltd is a mining company. It focuses on the exploration and development of the goldfield project. The company is engaged in the exploration and development of the Bulong Gold Field project located to the east of Kalgoorlie. The company has one reportable segment being mineral exploration. The company's project includes Kal East Gold project, Coyote Gold Operation, Paulsens Gold Operation.

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