Hastings Technology Metals (ASX:HAS) Effective Interest Rate on Debt % : 23.25% (As of Dec. 2023)

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What is Hastings Technology Metals 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. Hastings Technology Metals's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$33.21 Mil. Hastings Technology Metals's average total debt for the quarter that ended in Dec. 2023 was A$142.85 Mil. Therefore, Hastings Technology Metals's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 23.25%.

Hastings Technology Metals Effective Interest Rate on Debt % Historical Data

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

Hastings Technology Metals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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8.02

8.26

7.97

30.32

Hastings Technology Metals 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															6.66	5.96	32.97	16.61	23.25

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

For the Other Industrial Metals & Mining subindustry, Hastings Technology Metals'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.

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

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

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

Hastings Technology Metals Effective Interest Rate on Debt % Calculation

Hastings Technology Metals'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 * -20.525	/	( (0.591	+	134.796)	/ 2 )
=	-1 * -20.525	/	67.6935
=	30.32 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.386	+	0.205
=	0.591

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	133.982	+	0.814
=	134.796

Hastings Technology Metals'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 * -33.21	/	( (134.796	+	150.904)	/ 2 )
=	-1 * -33.21	/	142.85
=	23.25 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	133.982	+	0.814
=	134.796

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	150.101	+	0.803
=	150.904

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.

Hastings Technology Metals (ASX:HAS) Effective Interest Rate on Debt % Explanation

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

Hastings Technology Metals Effective Interest Rate on Debt % Related Terms

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Hastings Technology Metals (ASX:HAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hastings Technology Metals Ltd (ASX:HAS) » Definitions » Effective Interest Rate on Debt %

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HSRMF:USA 5AM:Germany

Address

197 St Georges Terrace, Level 6, Perth, WA, AUS, 6000

Website

https://www.hastingstechmetals.com

Hastings Technology Metals Ltd engages in the exploration of rare earth metals and natural resources. It holds interests in the Yangibana rare earth project located in the Gascoyne region of Western Australia covering an area of approximately 650 square kilometres; and the Brockman project located in the East Kimberley region of Western Australia which comprises resources of the rare metals zircon, niobium and tantalum, and the heavy rare earth yttrium.