Blackstone Minerals (ASX:BSX) Effective Interest Rate on Debt % : 25.82% (As of Dec. 2023)

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What is Blackstone 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. Blackstone Minerals's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.47 Mil. Blackstone Minerals's average total debt for the quarter that ended in Dec. 2023 was A$1.82 Mil. Therefore, Blackstone Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 25.82%.

Blackstone Minerals Effective Interest Rate on Debt % Historical Data

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

Blackstone Minerals Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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2.27

23.99

5.03

5.28

Blackstone Minerals Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								5.87	4.26	4.73	5.96	25.82

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

For the Other Industrial Metals & Mining subindustry, Blackstone 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.

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

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

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

Blackstone Minerals Effective Interest Rate on Debt % Calculation

Blackstone 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 * -0.03	/	( (0.699	+	0.437)	/ 2 )
=	-1 * -0.03	/	0.568
=	5.28 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.423	+	0.276
=	0.699

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.134	+	0.303
=	0.437

Blackstone 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 * -0.47	/	( (0.437	+	3.203)	/ 2 )
=	-1 * -0.47	/	1.82
=	25.82 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.134	+	0.303
=	0.437

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.1	+	3.103
=	3.203

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.

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

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

Blackstone Minerals Effective Interest Rate on Debt % Related Terms

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Blackstone Minerals (ASX:BSX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Blackstone Minerals Ltd (ASX:BSX) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

BLSTF:USA B9S:Germany

Address

600 Murray Street, Level 5, West Perth, Perth, WA, AUS, 6005

Website

https://www.blackstoneminerals.com.au

Blackstone Minerals Ltd is a mineral exploration company. Its projects include Ta Khoa Nickel-Copper-PGE Project in Northern Vietnam, the Gold Bridge Project in British Columbia, Cartier Cobalt-Nickel Project, Silver Swan South Project, Middle Creek Project, Red Gate Project, Gold and Nickel Projects in Western Australia. The firm has three operating segments, being exploration for mineral reserves within Australia, North America, and Vietnam.