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Tungsten West (LSE:TUN) Effective Interest Rate on Debt % : 38.16% (As of Sep. 2023)


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What is Tungsten West 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. Tungsten West's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was £2.04 Mil. Tungsten West's average total debt for the quarter that ended in Sep. 2023 was £5.35 Mil. Therefore, Tungsten West's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 38.16%.

Tungsten West Effective Interest Rate on Debt % Historical Data

The historical data trend for Tungsten West'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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Tungsten West Effective Interest Rate on Debt % Chart

Tungsten West Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
2.51 10.28 13.48 26.47

Tungsten West Semi-Annual Data
Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Effective Interest Rate on Debt % Get a 7-Day Free Trial 10.48 7.93 34.45 21.10 38.16

Competitive Comparison of Tungsten West's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Tungsten West'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.

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

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

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


Tungsten West Effective Interest Rate on Debt % Calculation

Tungsten West's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2022 )+Total Debt  (A: Mar. 2023 ))/ count )
=-1  *  -0.483/( (1.633+2.017)/ 2 )
=-1  *  -0.483/1.825
=26.47 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.441 + 0.192
=1.633

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.902 + 0.115
=2.017

Tungsten West's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -2.042/( (2.017+8.685)/ 2 )
=-1  *  -2.042/5.351
=38.16 %

where

Total Debt  (Q: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.902 + 0.115
=2.017

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.927 + 6.758
=8.685

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

Tungsten West  (LSE:TUN) Effective Interest Rate on Debt % Explanation

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

Tungsten West Effective Interest Rate on Debt % Related Terms

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Tungsten West (LSE:TUN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tungsten West PLC (LSE:TUN) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
540:Germany
Address
Hemerdon Mine, Drakelands, Plympton, Plymouth, Devon, GBR, PL7 5BS
Website
https://www.tungstenwest.com
Tungsten West PLC owns and operates historical Hemerdon tungsten and tin mine located near Plymouth in southern Devon, England. It has a compliant Mineral Resource of approximately 325Mt at 0.12 per cent. WO3. The company's main country of operation is the United Kingdom.

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