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Firetail Resources (ASX:FTL) Effective Interest Rate on Debt % : 13.79% (As of Dec. 2023)


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What is Firetail 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. Firetail Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.00 Mil. Firetail Resources's average total debt for the quarter that ended in Dec. 2023 was A$0.01 Mil. Therefore, Firetail Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 13.79%.

Firetail Resources Effective Interest Rate on Debt % Historical Data

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

Firetail Resources Annual Data
Trend Jun22 Jun23 Jun24
Effective Interest Rate on Debt %
4.65 3.64 5.33

Firetail Resources Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24
Effective Interest Rate on Debt % - - - 13.79 5.00

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

For the Other Precious Metals & Mining subindustry, Firetail 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.

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

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

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


Firetail Resources Effective Interest Rate on Debt % Calculation

Firetail 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  *  -0.002/( (0.012+0.063)/ 2 )
=-1  *  -0.002/0.0375
=5.33 %

where

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.012
=0.012

Total Debt  (A: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.031 + 0.032
=0.063

Firetail Resources'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/( (0.012+0.017)/ 2 )
=-1  *  -0.002/0.0145
=13.79 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.012
=0.012

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.017
=0.017

* 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.

Firetail Resources  (ASX:FTL) Effective Interest Rate on Debt % Explanation

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

Firetail Resources Effective Interest Rate on Debt % Related Terms

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Firetail Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Firetail Resources Ltd (ASX:FTL) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
ASX:MHC ASX:CUS ASX:AGD ASX:GSN ASX:QML ASX:PNX ASX:VAL ASX:G50 ASX:MM8 ASX:ALV 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
T2, 66-68 Hay Street, Subiaco, Perth, WA, AUS, 6008
Website
https://www.firetailresources.com.au
Firetail Resources Ltd is an Australian-based exploration company. The group focuses on battery metal assets across Australia and Peru. Its projects include the Yalgoo & Dalgaranga Lithium Projects in Western Australia, the Mt Slopeaway Ni-Co-Mn Project in central Queensland, and the Picha and Charaque Copper Projects in Peru.

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