Desoto Resources (ASX:DES) Effective Interest Rate on Debt % : 2.78% (As of Dec. 2024)

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What is Desoto Resources 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. Desoto Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was A$0.00 Mil. Desoto Resources's average total debt for the quarter that ended in Dec. 2024 was A$0.14 Mil. Therefore, Desoto Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 2.78%.

Desoto Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Desoto Resources'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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Desoto Resources Effective Interest Rate on Debt % Chart

Desoto Resources Annual Data

Trend

Jun23

Jun24

Effective Interest Rate on Debt %

3.29

3.23

Desoto Resources Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	3.25	3.49	2.99	3.47	2.78

Competitive Comparison of Desoto Resources's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Desoto Resources'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.

Desoto Resources's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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

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Desoto Resources Effective Interest Rate on Debt % Calculation

Desoto Resources'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 * -0.006	/	( (0.213	+	0.158)	/ 2 )
=	-1 * -0.006	/	0.1855
=	3.23 %

where

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.161	+	0.052
=	0.213

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.103	+	0.055
=	0.158

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -0.004	/	( (0.158	+	0.13)	/ 2 )
=	-1 * -0.004	/	0.144
=	2.78 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.103	+	0.055
=	0.158

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.074	+	0.056
=	0.13

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

Desoto Resources (ASX:DES) Effective Interest Rate on Debt % Explanation

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

Desoto Resources Effective Interest Rate on Debt % Related Terms

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Desoto Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Desoto Resources Ltd (ASX:DES) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Outram Street, Level 2, West Perth, WA, AUS, 6005

Website

https://www.desotoresources.com

Desoto Resources Ltd is into exploring and developing mineral projects. It owns interest in the Pine Creek Project located in the Northern Territory. The company's project includes fenix lithium-gold project, fenton gold project, and spectrum ree project.

Desoto Resources Headlines

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