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Sable Exploration And Mining (JSE:SXM) Effective Interest Rate on Debt % : 0.00% (As of Aug. 2023)


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What is Sable Exploration And 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. Sable Exploration And Mining's annualized positive value of Interest Expense for the quarter that ended in Aug. 2023 was R0.00 Mil. Sable Exploration And Mining's average total debt for the quarter that ended in Aug. 2023 was R32.81 Mil. Therefore, Sable Exploration And Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 was 0.00%.


Sable Exploration And Mining Effective Interest Rate on Debt % Historical Data

The historical data trend for Sable Exploration And 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.

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Sable Exploration And Mining Effective Interest Rate on Debt % Chart

Sable Exploration And Mining Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.87 0.31 0.26 0.24

Sable Exploration And Mining Semi-Annual Data
Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.47 - 0.41 -

Competitive Comparison of Sable Exploration And Mining's Effective Interest Rate on Debt %

For the Other Precious Metals & Mining subindustry, Sable Exploration And 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.


Sable Exploration And Mining's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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



Sable Exploration And Mining Effective Interest Rate on Debt % Calculation

Sable Exploration And Mining's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Feb. 2022 )+Total Debt  (A: Feb. 2023 ))/ count )
=-1  *  -0.068/( (22.942+32.811)/ 2 )
=-1  *  -0.068/27.8765
=0.24 %

where

Total Debt  (A: Feb. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=22.942 + 0
=22.942

Total Debt  (A: Feb. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 32.811
=32.811

Sable Exploration And Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Feb. 2023 )+Total Debt  (Q: Aug. 2023 ))/ count )
=-1  *  0/( (32.811+0)/ 1 )
=-1  *  0/32.811
=0.00 %

where

Total Debt  (Q: Feb. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 32.811
=32.811

* 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 (Aug. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Sable Exploration And Mining  (JSE:SXM) Effective Interest Rate on Debt % Explanation

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


Sable Exploration And Mining Effective Interest Rate on Debt % Related Terms

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Sable Exploration And Mining (JSE:SXM) Business Description

Traded in Other Exchanges
N/A
Address
85 Protea Road, Kingsley Office Park, Chistlehurston, Sandton, GT, ZAF, 2192
Sable Exploration And Mining Ltd formerly Middle East Diamond Resources Ltd is an investment and management company with trading subsidiaries engaged in the exploration, prospecting, development and mining of mineral resources.

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