Orange Minerals NL (ASX:OMX) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Orange Minerals NL 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. Orange Minerals NL's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.00 Mil. Orange Minerals NL's average total debt for the quarter that ended in Dec. 2023 was A$0.10 Mil. Therefore, Orange Minerals NL's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Orange Minerals NL Effective Interest Rate on Debt % Historical Data

The historical data trend for Orange Minerals NL'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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Orange Minerals NL Effective Interest Rate on Debt % Chart

Orange Minerals NL Annual Data

Trend

Jun22

Jun23

Effective Interest Rate on Debt %

Orange Minerals NL Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	-	-	-	-	-

Competitive Comparison of Orange Minerals NL's Effective Interest Rate on Debt %

For the Other Precious Metals & Mining subindustry, Orange Minerals NL'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.

Orange Minerals NL's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Orange Minerals NL's Effective Interest Rate on Debt % falls into.

Orange Minerals NL Effective Interest Rate on Debt % Calculation

Orange Minerals NL'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	/	( (0.133	+	0.105)	/ 2 )
=	-1 * 0	/	0.119
=	0.00 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.105	+	0.028
=	0.133

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.07	+	0.035
=	0.105

Orange Minerals NL'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	/	( (0.105	+	0.088)	/ 2 )
=	-1 * 0	/	0.0965
=	0.00 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.07	+	0.035
=	0.105

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.051	+	0.037
=	0.088

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.

Orange Minerals NL (ASX:OMX) Effective Interest Rate on Debt % Explanation

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

Orange Minerals NL Effective Interest Rate on Debt % Related Terms

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Orange Minerals NL (ASX:OMX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Orange Minerals NL (ASX:OMX) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Havelock Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.orangeminerals.com.au

Orange Minerals NL is a gold and copper exploration company. The company has only one operating segment which is exploration in Australia. The key projects of the company are Calarie Project, the Wisemans Creek Project, the Copper Hill Project, the Boda Project, the Majestic Project and the Kurnalpi Project.

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