Mincor Resources NL (ASX:MCR) Effective Interest Rate on Debt % : 6.47% (As of Dec. 2022)

View and export this data going back to 1997. Start your Free Trial

What is Mincor Resources NL 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. Mincor Resources NL's annualized positive value of Interest Expense for the quarter that ended in Dec. 2022 was A$2.06 Mil. Mincor Resources NL's average total debt for the quarter that ended in Dec. 2022 was A$31.80 Mil. Therefore, Mincor Resources NL's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 was 6.47%.

Mincor Resources NL Effective Interest Rate on Debt % Historical Data

The historical data trend for Mincor Resources NL'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.

Mincor Resources NL Effective Interest Rate on Debt % Chart

Mincor Resources NL Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

10.13

1.91

17.05

15.44

Mincor Resources NL Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.52	7.61	23.89	2.88	6.47

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

For the Other Industrial Metals & Mining subindustry, Mincor Resources NL'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.

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

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

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

Mincor Resources NL Effective Interest Rate on Debt % Calculation

Mincor Resources NL's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2021 )	+	Total Debt (A: Jun. 2022 ))	/ count )
=	-1 * -2.29	/	( (0.301	+	29.358)	/ 2 )
=	-1 * -2.29	/	14.8295
=	15.44 %

where

	Total Debt (A: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.11	+	0.191
=	0.301

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.976	+	14.382
=	29.358

Mincor Resources NL's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2022 )	+	Total Debt (Q: Dec. 2022 ))	/ count )
=	-1 * -2.058	/	( (29.358	+	34.239)	/ 2 )
=	-1 * -2.058	/	31.7985
=	6.47 %

where

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.976	+	14.382
=	29.358

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	11.076	+	23.163
=	34.239

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. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Mincor Resources NL (ASX:MCR) Effective Interest Rate on Debt % Explanation

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

Mincor Resources NL Effective Interest Rate on Debt % Related Terms

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

Mincor Resources NL (ASX:MCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mincor Resources NL (ASX:MCR) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Richardson Street, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.mincor.com.au

Mincor Resources NL is an Australian mining company. The company has two segments namely Kambalda Nickel Operations and Exploration. It operates within the geographical area of Australia.