Future Battery Minerals (ASX:FBM) Effective Interest Rate on Debt % : 5.78% (As of Dec. 2024)

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What is Future Battery 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. Future Battery Minerals's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was A$0.01 Mil. Future Battery Minerals's average total debt for the quarter that ended in Dec. 2024 was A$0.17 Mil. Therefore, Future Battery Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 5.78%.

Future Battery Minerals Effective Interest Rate on Debt % Historical Data

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

Future Battery Minerals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

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2.86

6.93

7.59

6.90

Future Battery Minerals Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.71	10.53	12.24	7.07	5.78

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

For the Other Industrial Metals & Mining subindustry, Future Battery 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.

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

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

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

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Future Battery Minerals Effective Interest Rate on Debt % Calculation

Future Battery Minerals'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 * -0.011	/	( (0.116	+	0.203)	/ 2 )
=	-1 * -0.011	/	0.1595
=	6.90 %

where

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.057	+	0.059
=	0.116

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.107	+	0.096
=	0.203

Future Battery Minerals'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 * -0.01	/	( (0.203	+	0.143)	/ 2 )
=	-1 * -0.01	/	0.173
=	5.78 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.107	+	0.096
=	0.203

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.069	+	0.074
=	0.143

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.

Future Battery Minerals (ASX:FBM) Effective Interest Rate on Debt % Explanation

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

Future Battery Minerals Effective Interest Rate on Debt % Related Terms

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Future Battery Minerals Business Description

Industry

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

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Address

38-40 Colin Street, Suite 10, West Perth, Perth, WA, AUS, 6005

Website

https://www.futurebatteryminerals.com.au

Future Battery Minerals Ltd focused on exploration for key battery minerals lithium, nickel and copper in stable pro mining jurisdictions. Its projects include Saints Nickel Project; Leinster Nickel Project; Nepean Nickel Project; Nevada Lithium Project; Miriam Lithium Project; Kangaroo Hills Lithium Project and others. The Group is organised into one operating segment, being exploration in Australia and USA.