Symbol Mining (ASX:SL1) Effective Interest Rate on Debt % : 13.81% (As of Jun. 2020)

View and export this data going back to 2013. Start your Free Trial

What is Symbol Mining 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. Symbol Mining's annualized positive value of Interest Expense for the quarter that ended in Jun. 2020 was A$0.07 Mil. Symbol Mining's average total debt for the quarter that ended in Jun. 2020 was A$0.49 Mil. Therefore, Symbol Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2020 was 13.81%.

Symbol Mining Effective Interest Rate on Debt % Historical Data

The historical data trend for Symbol Mining'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.

* Premium members only.

Symbol Mining Effective Interest Rate on Debt % Chart

Symbol Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

17.98

23.59

Symbol Mining Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20
Effective Interest Rate on Debt %	Get a 7-Day Free Trial										-	35.86	11.74	8.50	13.81

Competitive Comparison of Symbol Mining's Effective Interest Rate on Debt %

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

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

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

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

Symbol Mining Effective Interest Rate on Debt % Calculation

Symbol Mining's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2019 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2018 )	+	Total Debt (A: Dec. 2019 ))	/ count )
=	-1 * -0.557	/	( (4.278	+	0.445)	/ 2 )
=	-1 * -0.557	/	2.3615
=	23.59 %

where

	Total Debt (A: Dec. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	4.278
=	4.278

	Total Debt (A: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.445
=	0.445

Symbol Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2019 )	+	Total Debt (Q: Jun. 2020 ))	/ count )
=	-1 * -0.068	/	( (0.445	+	0.54)	/ 2 )
=	-1 * -0.068	/	0.4925
=	13.81 %

where

	Total Debt (Q: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.445
=	0.445

	Total Debt (Q: Jun. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.54
=	0.54

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 (Jun. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Symbol Mining (ASX:SL1) Effective Interest Rate on Debt % Explanation

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

Symbol Mining Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Symbol Mining's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Symbol Mining (ASX:SL1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Symbol Mining Ltd (ASX:SL1) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

331-335 Hay Street, Unit 6, Subiaco, WA, AUS, 6000

Website

http://www.symbolmining.com.au

Symbol Mining Ltd is a mineral exploration company. It is focused on the development and commercialization of high margin, high-grade base metals projects. The company's project profile includes Imperial Project and Tawny Project. The Imperial Project consists of three exploration licenses and three small-scale mining leases, covering approximately 510km2. The Tawny Project is located approximately 150km east/southeast of the capital Abuja in the state of Nasawarra.

Symbol Mining (ASX:SL1) Headlines

No Headlines