Champion Iron (ASX:CIA) Effective Interest Rate on Debt % : 6.66% (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is Champion Iron 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. Champion Iron's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$44 Mil. Champion Iron's average total debt for the quarter that ended in Dec. 2023 was A$655 Mil. Therefore, Champion Iron's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.66%.

Champion Iron Effective Interest Rate on Debt % Historical Data

The historical data trend for Champion Iron'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.

* Premium members only.

Champion Iron Effective Interest Rate on Debt % Chart

Champion Iron Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

16.16

8.23

2.55

0.52

3.03

Champion Iron Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.63	6.57	6.93	7.17	6.66

Competitive Comparison of Champion Iron's Effective Interest Rate on Debt %

For the Steel subindustry, Champion Iron'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.

Champion Iron's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Champion Iron's Effective Interest Rate on Debt % distribution charts can be found below:

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

Champion Iron Effective Interest Rate on Debt % Calculation

Champion Iron'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 * -15.423	/	( (404.164	+	615.405)	/ 2 )
=	-1 * -15.423	/	509.7845
=	3.03 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	324.598	+	79.566
=	404.164

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	571.076	+	44.329
=	615.405

Champion Iron'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: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -43.616	/	( (629.128	+	680.251)	/ 2 )
=	-1 * -43.616	/	654.6895
=	6.66 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	594.869	+	34.259
=	629.128

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	639.11	+	41.141
=	680.251

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

Champion Iron (ASX:CIA) Effective Interest Rate on Debt % Explanation

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

Champion Iron Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Champion Iron's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Champion Iron (ASX:CIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Champion Iron Ltd (ASX:CIA) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

CIAFF:USA MMPI:Germany CIA:Canada

Address

91 Evans Street, Level 1, Rozelle, Sydney, NSW, AUS, 2039

Website

https://www.championiron.com

Champion Iron Ltd is engaged in the exploration and development of iron ore properties in Quebec, Canada. The company projects include Fire Lake North, Powderhorn/Gullbridge, Moire, Quinto Claims, Harvey Tuttle, O'keefe-Purdy, and others. Its segment includes Iron Ore Concentrate; Exploration and Evaluation and Corporate. The company generates maximum revenue from the Iron Ore Concentrate segment.