Altair Minerals (ASX:ALR) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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

Altair Minerals Effective Interest Rate on Debt % Historical Data

The historical data trend for Altair Minerals'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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Altair Minerals Effective Interest Rate on Debt % Chart

Altair Minerals Annual Data

Trend

Jun14

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Jun23

Effective Interest Rate on Debt %

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Altair Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
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Competitive Comparison of Altair Minerals's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Altair Minerals'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.

Altair Minerals's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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

Altair Minerals Effective Interest Rate on Debt % Calculation

Altair Minerals'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	+	0)	/ 1 )
=	-1 * 0	/	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

Altair Minerals'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.

Altair Minerals (ASX:ALR) Effective Interest Rate on Debt % Explanation

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

Altair Minerals Effective Interest Rate on Debt % Related Terms

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Altair Minerals (ASX:ALR) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

CHKMF:USA

Address

459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

https://www.cohibaminerals.com.au

Cohiba Minerals Ltd is a mineral exploration company which engages in the exploration of natural resources, including metals, precious metals, lithium, cobalt, and minerals. Its projects include Pyramid Lake; Wee Macgregor and Olympic Domain Tenements in South Australia.