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Gem Resources (LSE:GEMR) Effective Interest Rate on Debt % : 150.72% (As of Jun. 2024)


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What is Gem Resources 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. Gem Resources's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was £0.05 Mil. Gem Resources's average total debt for the quarter that ended in Jun. 2024 was £0.03 Mil. Therefore, Gem Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 150.72%.


Gem Resources Effective Interest Rate on Debt % Historical Data

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

Gem Resources Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Dec21 Dec22 Dec23 Dec24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 11.43 156.25

Gem Resources Semi-Annual Data
Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Jun19 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 - - 22.86 150.72 152.38

Competitive Comparison of Gem Resources's Effective Interest Rate on Debt %

For the Other Precious Metals & Mining subindustry, Gem Resources'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.


Gem Resources's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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


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Gem Resources Effective Interest Rate on Debt % Calculation

Gem Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -0.004/( (0+0.035)/ 1 )
=-1  *  -0.004/0.035
=11.43 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.026 + 0.009
=0.035

Gem Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -0.052/( (0.035+0.034)/ 2 )
=-1  *  -0.052/0.0345
=150.72 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.026 + 0.009
=0.035

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.025 + 0.009
=0.034

* 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 two times the semi-annual (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Gem Resources  (LSE:GEMR) Effective Interest Rate on Debt % Explanation

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


Gem Resources Effective Interest Rate on Debt % Related Terms

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Gem Resources Business Description

Industry
Traded in Other Exchanges
Address
107 Cheapside, 9th Floor, London, GBR, EC2V 6DN
Gem Resources PLC is an emerald producer, focusing on the Gravelotte Emerald Mine (GEM). The company recently acquired the Curlew Emerald Mine in Australia, further expanding its emerald mining operations and assets.

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