Lunnon Metals (ASX:LM8) Effective Interest Rate on Debt % : 10.39% (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Lunnon Metals 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. Lunnon Metals's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.01 Mil. Lunnon Metals's average total debt for the quarter that ended in Dec. 2023 was A$0.12 Mil. Therefore, Lunnon Metals's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 10.39%.

Lunnon Metals Effective Interest Rate on Debt % Historical Data

The historical data trend for Lunnon Metals'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.

Lunnon Metals Effective Interest Rate on Debt % Chart

Lunnon Metals Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

44.23

14.12

5.03

10.58

Lunnon Metals Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			5.63	10.26	9.09	10.39	10.70

Competitive Comparison of Lunnon Metals's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Lunnon Metals'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.

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

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

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

Lunnon Metals Effective Interest Rate on Debt % Calculation

Lunnon Metals'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 * -0.004	/	( (0.033	+	0.126)	/ 2 )
=	-1 * -0.004	/	0.0795
=	5.03 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.011	+	0.022
=	0.033

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.072	+	0.054
=	0.126

Lunnon Metals'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 * -0.012	/	( (0.126	+	0.105)	/ 2 )
=	-1 * -0.012	/	0.1155
=	10.39 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.072	+	0.054
=	0.126

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.051	+	0.054
=	0.105

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.

Lunnon Metals (ASX:LM8) Effective Interest Rate on Debt % Explanation

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

Lunnon Metals Effective Interest Rate on Debt % Related Terms

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

Lunnon Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lunnon Metals Ltd (ASX:LM8) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 Richardson Street, Suite 10, Level 3, West Perth, WA, AUS, 6005

Website

https://www.lunnonmetals.com.au

Lunnon Metals Ltd is a mineral resource exploration and development company, with a focus on nickel and gold. Its principal activities were on its Kambalda Nickel Project (KNP), located immediately south of Kambalda, Western Australia.

Lunnon Metals Headlines

No Headlines