Maronan Metals (ASX:MMA) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Maronan 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. Maronan Metals's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.00 Mil. Maronan Metals's average total debt for the quarter that ended in Dec. 2023 was A$0.04 Mil. Therefore, Maronan Metals's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Maronan Metals Effective Interest Rate on Debt % Historical Data

The historical data trend for Maronan 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.

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Maronan Metals Effective Interest Rate on Debt % Chart

Maronan Metals Annual Data

Trend

Jun22

Jun23

Effective Interest Rate on Debt %

358.20

-17.24

Maronan Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	-	-	-	-	-

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

For the Other Precious Metals & Mining subindustry, Maronan 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.

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

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

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

Maronan Metals Effective Interest Rate on Debt % Calculation

Maronan 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 * 0.015	/	( (0.122	+	0.052)	/ 2 )
=	-1 * 0.015	/	0.087
=	-17.24 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.048	+	0.074
=	0.122

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.052
=	0.052

Maronan 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	/	( (0.052	+	0.024)	/ 2 )
=	-1 * 0	/	0.038
=	0.00 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.052
=	0.052

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.024
=	0.024

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.

Maronan Metals (ASX:MMA) Effective Interest Rate on Debt % Explanation

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

Maronan Metals Effective Interest Rate on Debt % Related Terms

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Maronan Metals (ASX:MMA) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Griffith Street, Cloncurry, QLD, AUS, 4824

Website

http://www.maronanmetals.com.au

Maronan Metals Ltd is engaged in identifying and securing prospective mineral tenements and undertaking exploration for and development of mineral resources. It owns the Maronan lead-silver and copper-gold Project. The project is located in Queensland, Australia.

Maronan Metals (ASX:MMA) Headlines

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