Alcyone Resources (ASX:AYN) Effective Interest Rate on Debt % : 121.35% (As of Jun. 2013)

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What is Alcyone 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. Alcyone Resources's annualized positive value of Interest Expense for the quarter that ended in Jun. 2013 was A$5.90 Mil. Alcyone Resources's average total debt for the quarter that ended in Jun. 2013 was A$4.86 Mil. Therefore, Alcyone Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2013 was 121.35%.

Alcyone Resources Effective Interest Rate on Debt % Historical Data

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

Alcyone Resources Annual Data

Trend

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Effective Interest Rate on Debt %

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3.87

0.56

1,595.77

3.41

62.58

Alcyone Resources Semi-Annual Data
	Dec03	Jun04	Dec04	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3,197.87	0.35	2.50	0.20	121.35

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

For the Silver subindustry, Alcyone 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.

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

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

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

Alcyone Resources Effective Interest Rate on Debt % Calculation

Alcyone Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2013 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2012 )	+	Total Debt (A: Jun. 2013 ))	/ count )
=	-1 * -2.951	/	( (2.842	+	6.589)	/ 2 )
=	-1 * -2.951	/	4.7155
=	62.58 %

where

	Total Debt (A: Jun. 2012 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.795	+	2.047
=	2.842

	Total Debt (A: Jun. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.582	+	4.007
=	6.589

Alcyone Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2013 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2012 )	+	Total Debt (Q: Jun. 2013 ))	/ count )
=	-1 * -5.896	/	( (3.128	+	6.589)	/ 2 )
=	-1 * -5.896	/	4.8585
=	121.35 %

where

	Total Debt (Q: Dec. 2012 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.511	+	2.617
=	3.128

	Total Debt (Q: Jun. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.582	+	4.007
=	6.589

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. 2013) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Alcyone Resources (ASX:AYN) Effective Interest Rate on Debt % Explanation

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

Alcyone Resources Effective Interest Rate on Debt % Related Terms

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Alcyone Resources (ASX:AYN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Alcyone Resources Ltd (ASX:AYN) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

ASX:BMZ

Traded in Other Exchanges

N/A

Address

Website

http://www.alcyone.com.au

Macmin Silver Ltd (MMN) is a minerals exploration and mining company focused on silver and gold in Australia. The company's main project is the Twin Hills Silver Projects, located in southern Queensland. The company also has a substantial investment in a New Guinea based gold exploration and mining company.

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