International Graphite (ASX:IG6) Effective Interest Rate on Debt % : 24.37% (As of Dec. 2023)

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What is International Graphite 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. International Graphite's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.02 Mil. International Graphite's average total debt for the quarter that ended in Dec. 2023 was A$0.10 Mil. Therefore, International Graphite's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 24.37%.

International Graphite Effective Interest Rate on Debt % Historical Data

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

International Graphite Annual Data

Trend

Jun22

Jun23

Effective Interest Rate on Debt %

International Graphite Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	-	-	5.77	-	24.37

Competitive Comparison of International Graphite's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, International Graphite'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.

International Graphite's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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

International Graphite Effective Interest Rate on Debt % Calculation

International Graphite'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	/	( (0.095	+	0.096)	/ 2 )
=	-1 * 0	/	0.0955
=	0.00 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.063	+	0.032
=	0.095

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.053	+	0.043
=	0.096

International Graphite'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 * -0.024	/	( (0.096	+	0.101)	/ 2 )
=	-1 * -0.024	/	0.0985
=	24.37 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.053	+	0.043
=	0.096

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.03	+	0.071
=	0.101

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.

International Graphite (ASX:IG6) Effective Interest Rate on Debt % Explanation

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

International Graphite Effective Interest Rate on Debt % Related Terms

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International Graphite (ASX:IG6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » International Graphite Ltd (ASX:IG6) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

H99:Germany

Address

333 Charles Street, Level 1, North Perth, Perth, WA, AUS, 6006

Website

https://www.internationalgraphite.technology

International Graphite Ltd is engaged in the processing, treatment and production of graphite. The company intends to develop a downstream graphite processing business to treat mined graphite concentrates and produce finished graphite products for specialised industrial applications and Battery Anode Material (BAM) to meet projected global of lithium-ion batteries. Western Australia is developing a battery hub in the southwest of the state to feed the growing international battery demand. The company plans to be an integral part of this battery commodity supply chain in Western Australia and internationally.

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