Hearts And Minds Investments (ASX:HM1) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Hearts And Minds Investments 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. Hearts And Minds Investments's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.00 Mil. Hearts And Minds Investments's average total debt for the quarter that ended in Dec. 2023 was A$0.00 Mil. Therefore, Hearts And Minds Investments's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was N/A%.

Hearts And Minds Investments Effective Interest Rate on Debt % Historical Data

The historical data trend for Hearts And Minds Investments'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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Hearts And Minds Investments Effective Interest Rate on Debt % Chart

Hearts And Minds Investments Annual Data

Trend

Oct18

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

Hearts And Minds Investments Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				-	-	-	-	-

Competitive Comparison of Hearts And Minds Investments's Effective Interest Rate on Debt %

For the Asset Management subindustry, Hearts And Minds Investments'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.

Hearts And Minds Investments's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Hearts And Minds Investments's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Hearts And Minds Investments's Effective Interest Rate on Debt % falls into.

Hearts And Minds Investments Effective Interest Rate on Debt % Calculation

Hearts And Minds Investments'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 * -0.002	/	( (0	+	0)	/ 1 )
=	-1 * -0.002	/	0
=	N/A %

where

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

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

Hearts And Minds Investments'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	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

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

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.

Hearts And Minds Investments (ASX:HM1) Effective Interest Rate on Debt % Explanation

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

Hearts And Minds Investments Effective Interest Rate on Debt % Related Terms

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Hearts And Minds Investments (ASX:HM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Hearts And Minds Investments Ltd (ASX:HM1) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Chifley Square, Suite 12.04, Level 12, Chifley Tower, Sydney, NSW, AUS, 2000

Website

https://www.heartsandmindsinvestments.com.au

Hearts And Minds Investments Ltd is a listed investment company. The company strives to deliver attractive equity investment returns for shareholders while providing funding for Australian medical research. It derives revenue from dividend income, interest income, and the sale of its investments. Geographically, it has a presence in the United States; Australia; Hong Kong; Germany; Japan; Canada, and the United Kingdom.

Hearts And Minds Investments (ASX:HM1) Headlines

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