Desert Metals (ASX:DM1) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2024)

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

Desert Metals Effective Interest Rate on Debt % Historical Data

The historical data trend for Desert Metals'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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Desert Metals Effective Interest Rate on Debt % Chart

Desert Metals Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

Desert Metals Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial					-	-	-	-	-

Competitive Comparison of Desert Metals's Effective Interest Rate on Debt %

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

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

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

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

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Desert Metals Effective Interest Rate on Debt % Calculation

Desert Metals'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	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

Desert Metals'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	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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.

Desert Metals (ASX:DM1) Effective Interest Rate on Debt % Explanation

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

Desert Metals Effective Interest Rate on Debt % Related Terms

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Desert Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Desert Metals Ltd (ASX:DM1) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

389 Oxford Street, Suite 9, Level 2, Mount Hawthorn, Perth, WA, AUS, 6016

Website

https://www.desertmetals.com.au

Desert Metals Ltd is a mineral exploration company. The company explores nickel and copper. The company has one reportable segment, namely the mineral exploration industry It is focused on developing the Narryer Project. Agboville Lithium Project, Tengrela South Gold Project and other projects.

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