Sipa Resources (Sipa Resources) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Sipa Resources 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. Sipa Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. Sipa Resources's average total debt for the quarter that ended in Dec. 2023 was $0.01 Mil. Therefore, Sipa Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Sipa Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Sipa Resources'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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Sipa Resources Effective Interest Rate on Debt % Chart

Sipa Resources Annual Data

Trend

Jun14

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Jun20

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Jun23

Effective Interest Rate on Debt %

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Sipa Resources 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															-	-	-	-	-

Competitive Comparison of Sipa Resources's Effective Interest Rate on Debt %

For the Gold subindustry, Sipa Resources'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.

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

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

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

Sipa Resources Effective Interest Rate on Debt % Calculation

Sipa Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * 0	/	( (0.034	+	0.017)	/ 2 )
=	-1 * 0	/	0.0255
=	0.00 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.034
=	0.034

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.017
=	0.017

Sipa Resources'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 * 0	/	( (0.017	+	0.008)	/ 2 )
=	-1 * 0	/	0.0125
=	0.00 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.017
=	0.017

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.008
=	0.008

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.

Sipa Resources (OTCPK:SIESF) Effective Interest Rate on Debt % Explanation

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

Sipa Resources Effective Interest Rate on Debt % Related Terms

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Sipa Resources (Sipa Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sipa Resources Ltd (OTCPK:SIESF) » Definitions » Effective Interest Rate on Debt %

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SRI:Australia

Address

12-20 Railway Road, Unit 5, First Floor, Subaico Court, Subaico, Perth, WA, AUS, 6008

Website

https://www.sipa.com.au

Sipa Resources Ltd is a gold, base metals, and nickel exploration company. It is engaged in acquisitions and exploration of mineral tenements. The company's projects include Paterson North, Kitgum Pader, Warralong Gold, Skeleton, Murchison and other projects. the Company has two reportable segments, which are exploration activities in Australia and exploration activities in Uganda.

Sipa Resources (Sipa Resources) Headlines

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