GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Far East Gold Ltd (ASX:FEG) » Definitions » Effective Interest Rate on Debt %

Far East Gold (ASX:FEG) Effective Interest Rate on Debt % : 1.82% (As of Dec. 2023)


View and export this data going back to 2022. Start your Free Trial

What is Far East Gold 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. Far East Gold's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.00 Mil. Far East Gold's average total debt for the quarter that ended in Dec. 2023 was A$0.11 Mil. Therefore, Far East Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.82%.

Far East Gold Effective Interest Rate on Debt % Historical Data

The historical data trend for Far East Gold'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.

* Premium members only.

Far East Gold Effective Interest Rate on Debt % Chart

Far East Gold Annual Data
Trend Jun22 Jun23
Effective Interest Rate on Debt %
14.08 6.28

Far East Gold Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Effective Interest Rate on Debt % - - 13.11 4.68 1.82

Competitive Comparison of Far East Gold's Effective Interest Rate on Debt %

For the Other Precious Metals & Mining subindustry, Far East Gold'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.

Far East Gold's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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


Far East Gold Effective Interest Rate on Debt % Calculation

Far East Gold'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  *  -0.006/( (0.071+0.12)/ 2 )
=-1  *  -0.006/0.0955
=6.28 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.03 + 0.041
=0.071

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.12
=0.12

Far East Gold'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  *  -0.002/( (0.12+0.1)/ 2 )
=-1  *  -0.002/0.11
=1.82 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.12
=0.12

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.1
=0.1

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Far East Gold  (ASX:FEG) Effective Interest Rate on Debt % Explanation

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

Far East Gold Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Far East Gold's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Far East Gold (ASX:FEG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Far East Gold Ltd (ASX:FEG) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
ASX:HMX ASX:SPD ASX:LOM ASX:CAE ASX:MMA ASX:IDA ASX:TLM ASX:BRX ASX:MKR ASX:AZY ISX:AMMN JSE:AMS MIC:ALRS SZSE:000975 LSE:FRES ISX:MBMA JSE:IMP TSX:TFPM HL JSE:NPH
Traded in Other Exchanges
N/A
Address
324 Queen Street, Level 18, Brisbane, QLD, AUS, 4000
Website
https://www.fareast.gold
Far East Gold Ltd is engaged in the exploration of minerals. The group operates in two segments namely Australia and Indonesia. Its projects include Hill 212, Blue Grass creek, Mount Clark west, Woyla, Wonogiri, and Trenggalek.

Far East Gold (ASX:FEG) Headlines

No Headlines