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Discovery Metals (ASX:DML) Effective Interest Rate on Debt % : 9.10% (As of Jun. 2014)


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What is Discovery Metals 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. Discovery Metals's annualized positive value of Interest Expense for the quarter that ended in Jun. 2014 was A$12.8 Mil. Discovery Metals's average total debt for the quarter that ended in Jun. 2014 was A$140.2 Mil. Therefore, Discovery Metals's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2014 was 9.10%.


Discovery Metals Effective Interest Rate on Debt % Historical Data

The historical data trend for Discovery Metals'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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Discovery Metals Effective Interest Rate on Debt % Chart

Discovery Metals Annual Data
Trend Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 1.50 2.11 9.10

Discovery Metals Semi-Annual Data
Jun04 Jun05 Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - 1.50 2.11 9.10

Competitive Comparison of Discovery Metals's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Discovery Metals'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.


Discovery Metals's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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



Discovery Metals Effective Interest Rate on Debt % Calculation

Discovery Metals's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2014 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2013 )+Total Debt  (A: Jun. 2014 ))/ count )
=-1  *  -12.762/( (163.72+116.616)/ 2 )
=-1  *  -12.762/140.168
=9.10 %

where

Total Debt  (A: Jun. 2013 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.314 + 163.406
=163.72

Total Debt  (A: Jun. 2014 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=116.307 + 0.309
=116.616

Discovery Metals's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2014 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2013 )+Total Debt  (Q: Jun. 2014 ))/ count )
=-1  *  -12.762/( (163.72+116.616)/ 2 )
=-1  *  -12.762/140.168
=9.10 %

where

Total Debt  (Q: Jun. 2013 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.314 + 163.406
=163.72

Total Debt  (Q: Jun. 2014 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=116.307 + 0.309
=116.616

* 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 one times the annual (Jun. 2014) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Discovery Metals  (ASX:DML) Effective Interest Rate on Debt % Explanation

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


Discovery Metals Effective Interest Rate on Debt % Related Terms

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Discovery Metals (ASX:DML) Business Description

Traded in Other Exchanges
N/A
Address
Discovery Metals Limited (DML) is incorporated in Australia. It is engaged in nickel and copper exploration company. The company focuses on the exploration and development on its two major projects in Botswana being the Maun Copper Project and the Dikoloti Nickel Project.

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