BHP Group (BHP Group) Effective Interest Rate on Debt % : 4.88% (As of Dec. 2021)

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What is BHP Group 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. BHP Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2021 was $974 Mil. BHP Group's average total debt for the quarter that ended in Dec. 2021 was $19,967 Mil. Therefore, BHP Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2021 was 4.88%.

BHP Group Effective Interest Rate on Debt % Historical Data

The historical data trend for BHP Group'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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BHP Group Effective Interest Rate on Debt % Chart

BHP Group Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Effective Interest Rate on Debt %

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4.48

5.31

6.06

5.14

3.57

BHP Group Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.75	4.39	3.58	3.77	4.88

Competitive Comparison of BHP Group's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, BHP Group'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.

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

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

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

BHP Group Effective Interest Rate on Debt % Calculation

BHP Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2020 )	+	Total Debt (A: Jun. 2021 ))	/ count )
=	-1 * -858	/	( (27048	+	20983)	/ 2 )
=	-1 * -858	/	24015.5
=	3.57 %

where

	Total Debt (A: Jun. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	22036	+	5012
=	27048

	Total Debt (A: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18355	+	2628
=	20983

BHP Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2021 )	+	Total Debt (Q: Dec. 2021 ))	/ count )
=	-1 * -974	/	( (20983	+	18951)	/ 2 )
=	-1 * -974	/	19967
=	4.88 %

where

	Total Debt (Q: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	18355	+	2628
=	20983

	Total Debt (Q: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15897	+	3054
=	18951

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. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

BHP Group (NYSE:BBL) Effective Interest Rate on Debt % Explanation

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

BHP Group Effective Interest Rate on Debt % Related Terms

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BHP Group (BHP Group) Business Description

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Address

160 Victoria Street, Nova South, London, GBR, SW1E 5LB

Website

https://www.bhp.com

BHP is a leading global diversified miner supplying iron ore, copper, oil, gas, and metallurgical. The merger of BHP Limited (now BHP Ltd.) and Billiton PLC (now BHP PLC) created the present-day BHP. Shareholders in each company have equivalent economic and voting rights in BHP as a whole and in 2022 voted to reunify the dual listed structure. Major assets include Pilbara iron ore, Queensland coking coal, Escondida copper and conventional petroleum assets, principally in Australia and the Gulf of Mexico. Onshore U.S. oil and gas assets were sold in 2018 and the remaining Petroleum assets are likely to be spun off and merged with Woodside.