Metals Exploration (LSE:MTL) Effective Interest Rate on Debt % : 42.57% (As of Dec. 2023)

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What is Metals Exploration 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. Metals Exploration's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was £12.3 Mil. Metals Exploration's average total debt for the quarter that ended in Dec. 2023 was £29.0 Mil. Therefore, Metals Exploration's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 42.57%.

Metals Exploration Effective Interest Rate on Debt % Historical Data

The historical data trend for Metals Exploration'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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Metals Exploration Effective Interest Rate on Debt % Chart

Metals Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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13.59

13.38

13.15

15.26

19.68

Metals Exploration Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															14.61	15.47	14.19	8.73	42.57

Competitive Comparison of Metals Exploration's Effective Interest Rate on Debt %

For the Gold subindustry, Metals Exploration'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.

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

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

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

Metals Exploration Effective Interest Rate on Debt % Calculation

Metals Exploration's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -8.479	/	( (67.309	+	18.878)	/ 2 )
=	-1 * -8.479	/	43.0935
=	19.68 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	42.678	+	24.631
=	67.309

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	18.878
=	18.878

Metals Exploration'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 * -12.328	/	( (39.046	+	18.878)	/ 2 )
=	-1 * -12.328	/	28.962
=	42.57 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	39.046
=	39.046

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	18.878
=	18.878

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.

Metals Exploration (LSE:MTL) Effective Interest Rate on Debt % Explanation

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

Metals Exploration Effective Interest Rate on Debt % Related Terms

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Metals Exploration (LSE:MTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Metals Exploration PLC (LSE:MTL) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

MJ4:Germany

Address

Berkeley Square, Room 169, First Floor,, Berkeley Square House,, London, GBR, W1J 6DB

Website

https://www.metalsexploration.com

Metals Exploration PLC is a natural resource exploration and development company. The company identifies, acquires, and develops mining and processing projects, mining companies, and businesses with a focus on base and precious metals mining opportunities. The main asset of the company is a Runruno gold-molybdenum project in Northern Philippines. The company operates in geographic areas of the UK, Philippines, and Singapore.