Classic Minerals (ASX:CLZ) Effective Interest Rate on Debt % : 35.68% (As of Dec. 2023)

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What is Classic 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. Classic Minerals's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$3.46 Mil. Classic Minerals's average total debt for the quarter that ended in Dec. 2023 was A$9.70 Mil. Therefore, Classic Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 35.68%.

Classic Minerals Effective Interest Rate on Debt % Historical Data

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

Classic Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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111.84

117.80

40.88

46.12

92.96

Classic 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															68.58	37.76	126.53	71.72	35.68

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

For the Other Industrial Metals & Mining subindustry, Classic 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.

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

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

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

Classic Minerals Effective Interest Rate on Debt % Calculation

Classic 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 * -7.648	/	( (6.819	+	9.635)	/ 2 )
=	-1 * -7.648	/	8.227
=	92.96 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.32	+	6.499
=	6.819

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.017	+	8.618
=	9.635

Classic 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 * -3.462	/	( (9.635	+	9.773)	/ 2 )
=	-1 * -3.462	/	9.704
=	35.68 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.017	+	8.618
=	9.635

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.256	+	9.517
=	9.773

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.

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

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

Classic Minerals Effective Interest Rate on Debt % Related Terms

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Classic Minerals (ASX:CLZ) Business Description

Industry

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

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Traded in Other Exchanges

2I7:Germany

Address

71 Furniss Road, Landsdale, Perth, WA, AUS, 6065

Website

https://www.classicminerals.com.au

Classic Minerals Ltd is an Australian is an exploration and development company. The principal business activity of the company includes the exploration of mineral resource-based projects, focusing on nickel and gold metals. The company owns an interest in Forrestania Gold Project, Van Uden West prospect, Tangerine Trees Prospect, Fraser Range Project, and Flagship Kat Gap Project.

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