Fox Resources (ASX:FXR) Effective Interest Rate on Debt % : 12.88% (As of Jun. 2014)

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What is Fox 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. Fox Resources's annualized positive value of Interest Expense for the quarter that ended in Jun. 2014 was A$0.83 Mil. Fox Resources's average total debt for the quarter that ended in Jun. 2014 was A$6.44 Mil. Therefore, Fox Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2014 was 12.88%.

Fox Resources Effective Interest Rate on Debt % Historical Data

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

Fox Resources Annual Data

Trend

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Effective Interest Rate on Debt %

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8.83

10.41

8.16

9.86

12.42

Fox Resources Semi-Annual Data
	Dec04	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.69	7.21	9.64	9.29	12.88

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

For the Copper subindustry, Fox 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.

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

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

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

Fox Resources Effective Interest Rate on Debt % Calculation

Fox Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2014 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2013 )	+	Total Debt (A: Jun. 2014 ))	/ count )
=	-1 * -0.768	/	( (7.337	+	5.029)	/ 2 )
=	-1 * -0.768	/	6.183
=	12.42 %

where

	Total Debt (A: Jun. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	7.337
=	7.337

	Total Debt (A: Jun. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5.029
=	5.029

Fox Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2014 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2013 )	+	Total Debt (Q: Jun. 2014 ))	/ count )
=	-1 * -0.83	/	( (7.857	+	5.029)	/ 2 )
=	-1 * -0.83	/	6.443
=	12.88 %

where

	Total Debt (Q: Dec. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.259	+	7.598
=	7.857

	Total Debt (Q: Jun. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5.029
=	5.029

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 (Jun. 2014) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Fox Resources (ASX:FXR) Effective Interest Rate on Debt % Explanation

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

Fox Resources Effective Interest Rate on Debt % Related Terms

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Fox Resources (ASX:FXR) Business Description

Industry

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

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Traded in Other Exchanges

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Address

Website

http://www.foxresources.com.au

Fox Resources Ltd is incorporated in Australia. The Company explores base metals, gold, iron ore and coal and the evaluation of a heap leaching operation. The Company's project include the Radio Hill and Sholl Heap Leaching Project. The Radio Hill mine, located 35km south of Karratha, produced nickel and copper concentrate for four year. The Company's operations are subject to various environmental regulations under both Commonwealth and State Government legislation.