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Antipa Minerals (ASX:AZY) Effective Interest Rate on Debt % : 7.96% (As of Dec. 2023)


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What is Antipa 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. Antipa Minerals's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.03 Mil. Antipa Minerals's average total debt for the quarter that ended in Dec. 2023 was A$0.40 Mil. Therefore, Antipa Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.96%.


Antipa Minerals Effective Interest Rate on Debt % Historical Data

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

Antipa Minerals Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
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Antipa Minerals Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 9.82 - 8.09 - 7.96

Competitive Comparison of Antipa Minerals's Effective Interest Rate on Debt %

For the Other Precious Metals & Mining subindustry, Antipa 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.


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

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

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



Antipa Minerals Effective Interest Rate on Debt % Calculation

Antipa 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/( (0.486+0.419)/ 2 )
=-1  *  0/0.4525
=0.00 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.429 + 0.057
=0.486

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.362 + 0.057
=0.419

Antipa 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  *  -0.032/( (0.419+0.385)/ 2 )
=-1  *  -0.032/0.402
=7.96 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.362 + 0.057
=0.419

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.328 + 0.057
=0.385

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Antipa Minerals  (ASX:AZY) Effective Interest Rate on Debt % Explanation

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


Antipa Minerals Effective Interest Rate on Debt % Related Terms

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Antipa Minerals (ASX:AZY) Business Description

Traded in Other Exchanges
N/A
Address
16 Ord Street, Level 2, West Perth, Perth, WA, AUS, 6005
Antipa Minerals Ltd is a mineral exploration company. The company focuses on precious and base metals including gold, copper and silver. Its projects include the Citadel Project, Minyari Dome Project, North Telfer Project, and Paterson Project.

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