Centrex (ASX:CXM) Effective Interest Rate on Debt %: 20.56% (As of Jun. 2024)


What is Centrex Effective Interest Rate on Debt %?

Centrex ASX:CXM Effective Interest Rate on Debt % is 20.56% as of Jun. 2024.

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. Centrex's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was A$1.60 Mil. Centrex's average total debt for the quarter that ended in Jun. 2024 was A$7.76 Mil. Therefore, Centrex's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 20.56%.

Centrex  (ASX:CXM) Effective Interest Rate on Debt % Explanation

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

Centrex Effective Interest Rate on Debt % Related Terms

Centrex Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Centrex'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.

Centrex Effective Interest Rate on Debt % Chart

Centrex Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 241.72 1.92 16.00

Centrex Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 396.03 7.21 3.28 10.85 20.56

Centrex Effective Interest Rate on Debt % Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Centrex'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.

Centrex Effective Interest Rate on Debt % vs Metals & Mining Industry

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

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


Centrex Effective Interest Rate on Debt % Calculation

Centrex's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2023 )+Total Debt  (A: Jun. 2024 ))/ count )
=-1  *  -1.175/( (6.527+8.158)/ 2 )
=-1  *  -1.175/7.3425
=16.00 %

where

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.954 + 4.573
=6.527

Total Debt  (A: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.933 + 4.225
=8.158

Centrex's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -1.596/( (7.371+8.158)/ 2 )
=-1  *  -1.596/7.7645
=20.56 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.581 + 5.79
=7.371

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.933 + 4.225
=8.158

* 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 (Jun. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 20.56% mean?
Centrex (ASX:CXM) has a Effective Interest Rate on Debt % of 20.56% as of Jun. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Centrex and its competitors.
Is Centrex's Effective Interest Rate on Debt % too high?
Centrex's current Effective Interest Rate on Debt % is 20.56%.
How does Centrex's Effective Interest Rate on Debt % compare to competitors?
Centrex's Effective Interest Rate on Debt % of 20.56% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Metals & Mining company?
A good Effective Interest Rate on Debt % depends on the Metals & Mining industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Centrex and its competitors. Centrex's current Effective Interest Rate on Debt % is 20.56%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Centrex stock overvalued right now?
Centrex (ASX:CXM) has a current Effective Interest Rate on Debt % of 20.56%. The current Effective Interest Rate on Debt % is 20.56%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Centrex (ASX:CXM), the current Effective Interest Rate on Debt % is 20.56% as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Centrex Business Description

Address 44 Waymouth Street, Level 6, Adelaide, SA, AUS, 5000
Centrex Ltd is a mineral exploration company. The principal activity of the company is an exploration of the following areas: Phosphate project development in Queensland; Potash exploration over wholly-owned tenements in Western Australia; and gold and base metals exploration in New South Wales. Its projects include Ardmore Phosphate Rock Project, Oxley Potash Project, and Goulburn gold/base metals project. The company has two reportable segments Ardmore mining operations and Exploration. The company operates in one geographical segment; Australia.