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Lord Resources (ASX:LRD) Effective Interest Rate on Debt % : 5.67% (As of Dec. 2023)


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What is Lord Resources 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. Lord Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.01 Mil. Lord Resources's average total debt for the quarter that ended in Dec. 2023 was A$0.14 Mil. Therefore, Lord Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.67%.

Lord Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Lord Resources'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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Lord Resources Effective Interest Rate on Debt % Chart

Lord Resources Annual Data
Trend Jun22 Jun23
Effective Interest Rate on Debt %
0.77 7.17

Lord Resources Semi-Annual Data
Jun22 Dec22 Jun23 Dec23
Effective Interest Rate on Debt % - 6.78 6.37 5.67

Competitive Comparison of Lord Resources's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Lord Resources'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.

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

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

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


Lord Resources Effective Interest Rate on Debt % Calculation

Lord Resources'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  *  -0.01/( (0.13+0.149)/ 2 )
=-1  *  -0.01/0.1395
=7.17 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.107 + 0.023
=0.13

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.111 + 0.038
=0.149

Lord Resources'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  *  -0.008/( (0.149+0.133)/ 2 )
=-1  *  -0.008/0.141
=5.67 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.111 + 0.038
=0.149

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.096 + 0.037
=0.133

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

Lord Resources  (ASX:LRD) Effective Interest Rate on Debt % Explanation

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

Lord Resources Effective Interest Rate on Debt % Related Terms

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Lord Resources (ASX:LRD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lord Resources Ltd (ASX:LRD) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
N/A
Address
389 Oxford Street, Level 2, Suite 9, Mount Hawthorn, WA, AUS, 6021
Website
https://www.lordresources.com
Lord Resources Ltd is an exploration company. The primary objective of the company is to focus on mineral exploration of resource opportunities that have the potential to deliver growth to the company for the benefit of shareholders.

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