BCI Minerals (ASX:BCI) Effective Interest Rate on Debt % : 0.05% (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

What is BCI 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. BCI Minerals's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.07 Mil. BCI Minerals's average total debt for the quarter that ended in Dec. 2023 was A$148.64 Mil. Therefore, BCI Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.05%.

BCI Minerals Effective Interest Rate on Debt % Historical Data

The historical data trend for BCI 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.

* Premium members only.

BCI Minerals Effective Interest Rate on Debt % Chart

BCI Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

4.79

4.86

0.51

0.11

BCI 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															0.63	0.22	0.08	0.08	0.05

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

For the Steel subindustry, BCI 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.

BCI Minerals's Effective Interest Rate on Debt % Distribution in the Steel Industry

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

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

BCI Minerals Effective Interest Rate on Debt % Calculation

BCI 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 * -0.068	/	( (20.495	+	103.994)	/ 2 )
=	-1 * -0.068	/	62.2445
=	0.11 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.994	+	0.501
=	20.495

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	103.337	+	0.657
=	103.994

BCI 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 * -0.072	/	( (103.994	+	193.287)	/ 2 )
=	-1 * -0.072	/	148.6405
=	0.05 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	103.337	+	0.657
=	103.994

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	107.914	+	85.373
=	193.287

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.

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

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

BCI Minerals Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of BCI Minerals's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

BCI Minerals (ASX:BCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » BCI Minerals Ltd (ASX:BCI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Altona Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.bciminerals.com.au

BCI Minerals Ltd is an Australia-based resources company, managing a diversified portfolio of mineral interests. Its assets include Buckland, Mardie Salt, Carnegie Potash, and other exploration projects including Marble bar, Black Hills, and Maitland. The company earns potential iron ore royalties over third party projects located in the Pilbara. It holds an interest in Mardie Salt & Potash Project, Carnegie Potash Project, and Iron Valley Iron Ore Mine. The firm has three reportable segments being; Iron Valley, Mardie, and Other (Corporate and other assets). Sales revenue comprises iron ore sales in Australia.

BCI Minerals (ASX:BCI) Headlines

From GuruFocus

Aberdeen Standard Investments Reduces Fee for Commodity ETF

By PRNewswire PRNewswire • 12-14-2018