Aeris Resources (ASX:AIS) Effective Interest Rate on Debt % : 40.28% (As of Dec. 2024)

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What is Aeris 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. Aeris Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was A$24.3 Mil. Aeris Resources's average total debt for the quarter that ended in Dec. 2024 was A$60.3 Mil. Therefore, Aeris Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 40.28%.

Aeris Resources Effective Interest Rate on Debt % Historical Data

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

Aeris Resources Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

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10.48

23.28

21.10

36.26

46.44

Aeris Resources Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															42.43	30.37	36.78	38.80	40.28

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

For the Other Industrial Metals & Mining subindustry, Aeris 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.

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

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

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

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Aeris Resources Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2023 )	+	Total Debt (A: Jun. 2024 ))	/ count )
=	-1 * -20.082	/	( (24.811	+	61.67)	/ 2 )
=	-1 * -20.082	/	43.2405
=	46.44 %

where

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.519	+	10.292
=	24.811

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	49.935	+	11.735
=	61.67

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -24.292	/	( (61.67	+	58.947)	/ 2 )
=	-1 * -24.292	/	60.3085
=	40.28 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	49.935	+	11.735
=	61.67

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	10.861	+	48.086
=	58.947

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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Aeris Resources (ASX:AIS) Effective Interest Rate on Debt % Explanation

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

Aeris Resources Effective Interest Rate on Debt % Related Terms

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Aeris Resources Business Description

Industry

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ARSRF:USA

Address

120 Edward Street, Level 6, Brisbane, QLD, AUS, 4000

Website

https://www.aerisresources.com.au

Aeris Resources Ltd is a mineral exploration and production company. It engages in the exploration, production, and sale of copper, gold, zinc, and silver. The company's reportable segments are; Tritton Copper Operations (Tritton) in New South Wales; Cracow Gold Operations (Cracow) in Queensland; North Queensland Copper Operations (North Queensland), Jaguar Zinc and Copper Operations (Jaguar) in Western Australia; Stockman Copper and Zinc Project (Stockman) in Victoria; and Others, representing corporate activities. Maximum revenue is generated from the Tritton Copper Operation segment.