Legacy Iron Ore (ASX:LCY) Effective Interest Rate on Debt %: 2.27% (As of Mar. 2026)


What is Legacy Iron Ore Effective Interest Rate on Debt %?

Legacy Iron Ore ASX:LCY Effective Interest Rate on Debt % is 2.27% as of Mar. 2026. The stock has 2 warning signs investors should review.

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. Legacy Iron Ore's annualized positive value of Interest Expense for the quarter that ended in Mar. 2026 was A$0.00 Mil. Legacy Iron Ore's average total debt for the quarter that ended in Mar. 2026 was A$0.09 Mil. Therefore, Legacy Iron Ore's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2026 was 2.27%.

Legacy Iron Ore  (ASX:LCY) Effective Interest Rate on Debt % Explanation

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

Legacy Iron Ore Effective Interest Rate on Debt % Related Terms

Legacy Iron Ore Effective Interest Rate on Debt % Historical Data

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The historical data trend for Legacy Iron Ore'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.

Legacy Iron Ore Effective Interest Rate on Debt % Chart

Legacy Iron Ore Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.38 5.66 6.06 20.59 3.77

Legacy Iron Ore Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.43 9.76 40.00 11.11 2.27

Legacy Iron Ore Effective Interest Rate on Debt % Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Legacy Iron Ore'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.

Legacy Iron Ore Effective Interest Rate on Debt % vs Metals & Mining Industry

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

* The bar in red indicates where Legacy Iron Ore's Effective Interest Rate on Debt % falls into.


Legacy Iron Ore Effective Interest Rate on Debt % Calculation

Legacy Iron Ore's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2026 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2025 )+Total Debt  (A: Mar. 2026 ))/ count )
=-1  *  -0.002/( (0.018+0.088)/ 2 )
=-1  *  -0.002/0.053
=3.77 %

where

Total Debt  (A: Mar. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.018
=0.018

Total Debt  (A: Mar. 2026 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.052 + 0.036
=0.088

Legacy Iron Ore's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2026 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2025 )+Total Debt  (Q: Mar. 2026 ))/ count )
=-1  *  -0.002/( (0+0.088)/ 1 )
=-1  *  -0.002/0.088
=2.27 %

where

Total Debt  (Q: Sep. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0
=0

Total Debt  (Q: Mar. 2026 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.052 + 0.036
=0.088

* 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 (Mar. 2026) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 2.27% mean?
Legacy Iron Ore (ASX:LCY) has a Effective Interest Rate on Debt % of 2.27% as of Mar. 2026. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Legacy Iron Ore and its competitors.
Is Legacy Iron Ore's Effective Interest Rate on Debt % too high?
Legacy Iron Ore's current Effective Interest Rate on Debt % is 2.27%.
How does Legacy Iron Ore's Effective Interest Rate on Debt % compare to competitors?
Legacy Iron Ore's Effective Interest Rate on Debt % of 2.27% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Metals & Mining company?
A good Effective Interest Rate on Debt % depends on the Metals & Mining industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Legacy Iron Ore and its competitors. Legacy Iron Ore's current Effective Interest Rate on Debt % is 2.27%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Legacy Iron Ore stock overvalued right now?
Legacy Iron Ore (ASX:LCY) has a current Effective Interest Rate on Debt % of 2.27%. The current Effective Interest Rate on Debt % is 2.27%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Legacy Iron Ore (ASX:LCY), the current Effective Interest Rate on Debt % is 2.27% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Legacy Iron Ore Business Description

Address 200 Adelaide Terrace, Level 6, West Perth, Perth, WA, AUS, 6004
Legacy Iron Ore Ltd is an active exploration and gold mining company with a diverse portfolio of prospective assets. The company owns a gold mine at Mount Celia and is advancing the development of additional gold, iron, and base metal assets in Western Australia through systematic exploration and mine development programs. Its portfolio comprises three key projects, namely Mt Bevan, South Laverton, and East Kimberley. The company has three reportable segments: Iron ore exploration and development in Australia; (ii) Gold exploration and development in Australia, and (iii) Base metals and other critical minerals (OCM) exploration and development in Australia. The majority of revenue is derived from the Gold segment.