Hot Chili (ASX:HCH) Effective Interest Rate on Debt % : 13.16% (As of Dec. 2023)

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What is Hot Chili 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. Hot Chili's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.04 Mil. Hot Chili's average total debt for the quarter that ended in Dec. 2023 was A$0.30 Mil. Therefore, Hot Chili's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 13.16%.

Hot Chili Effective Interest Rate on Debt % Historical Data

The historical data trend for Hot Chili'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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Hot Chili Effective Interest Rate on Debt % Chart

Hot Chili Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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45.84

41.88

46.02

90.49

14.16

Hot Chili Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															42.73	81.65	13.93	12.78	13.16

Competitive Comparison of Hot Chili's Effective Interest Rate on Debt %

For the Copper subindustry, Hot Chili'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.

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

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

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

Hot Chili Effective Interest Rate on Debt % Calculation

Hot Chili'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 * -0.047	/	( (0.331	+	0.333)	/ 2 )
=	-1 * -0.047	/	0.332
=	14.16 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.264	+	0.067
=	0.331

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.209	+	0.124
=	0.333

Hot Chili'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 * -0.04	/	( (0.333	+	0.275)	/ 2 )
=	-1 * -0.04	/	0.304
=	13.16 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.209	+	0.124
=	0.333

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.136	+	0.139
=	0.275

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.

Hot Chili (ASX:HCH) Effective Interest Rate on Debt % Explanation

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

Hot Chili Effective Interest Rate on Debt % Related Terms

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Hot Chili (ASX:HCH) Business Description

Industry

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

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Traded in Other Exchanges

HHLKF:USA CHC1:Germany HCH:Canada

Address

768 Canning Highway, First Floor, Applecross, WA, AUS, 6153

Website

https://www.hotchili.net.au

Hot Chili Ltd is a mineral exploration company with assets in Chile. It aims to build shareholder value through the growth and development of its high-quality Costa Fuego copper-gold project located in a low elevation, accessible region of northern Chile. With substantial mineral resources and an active drill program testing new targets, Hot Chili provides substantial leverage to the copper price due to the size, quality and location of its resource base. Costa Fuego has an indicated resource of 2.8Mt Cu, 2.6Moz Au and 67kt of Mo (in 725Mt) and inferred resource of 0.6 Mt Cu, 1.2 Moz Au and 13kt Mo (in 202Mt).

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