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AuraSource (AuraSource) Effective Interest Rate on Debt % : 15.79% (As of Sep. 2023)


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What is AuraSource 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. AuraSource's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.52 Mil. AuraSource's average total debt for the quarter that ended in Sep. 2023 was $3.32 Mil. Therefore, AuraSource's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 15.79%.


AuraSource Effective Interest Rate on Debt % Historical Data

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

AuraSource Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.35 10.54 12.23 12.96 15.66

AuraSource Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 12.75 13.10 22.75 15.75 15.79

Competitive Comparison of AuraSource's Effective Interest Rate on Debt %

For the Utilities - Diversified subindustry, AuraSource'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.


AuraSource's Effective Interest Rate on Debt % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, AuraSource's Effective Interest Rate on Debt % distribution charts can be found below:

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



AuraSource Effective Interest Rate on Debt % Calculation

AuraSource'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  *  -0.477/( (2.875+3.217)/ 2 )
=-1  *  -0.477/3.046
=15.66 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.036 + 3.181
=3.217

AuraSource'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: Jun. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -0.524/( (3.284+3.355)/ 2 )
=-1  *  -0.524/3.3195
=15.79 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.028 + 3.256
=3.284

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.021 + 3.334
=3.355

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


AuraSource  (OTCPK:ARAO) Effective Interest Rate on Debt % Explanation

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


AuraSource Effective Interest Rate on Debt % Related Terms

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AuraSource (AuraSource) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2103 E. Cedar Street, Suite 6, Tempe, AZ, USA, 8281
AuraSource Inc is an energy-producing company. The business activity of the firm is operated through two divisions: AuraMetal and AuraMoto. The AuraMetal is focused on the development and production of environmentally friendly and cost-effective beneficiation process for complex ore, tailings, and slimes materials as industrial application solutions. AuraSource's core technology includes physical separation, hydrometallurgical and pyrometallurgy processes. AuraMoto is focused on sourcing various vendors and customers in the automotive industry.
Executives
Hong Kong Minerals Holdings Ltd 10 percent owner 20170 SCOTTSDALE ROAD, SUITE 107-293, SCOTTSDALE AZ 85255
Mongolian Natural Resources Investment Group (hong Kong) Co Ltd 10 percent owner 10250 CONSTELLATION BLVD, #2320, CENTURY CITY CA 90067
Eric Stoppenhagen director, officer: CFO and Treasurer 8908 SPLITARROW DRIVE, AUSTIN TX 78717
Lawrence L Kohler director 10115 E. BELL RD., STE 107-415, SCOTTSDALE AZ 85260
Hongliang Liu director, officer: CEO and President 1744 E. DESERT WILLOW DR., PHOENIX AZ 85048

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