Newfield Resources (ASX:NWF) Effective Interest Rate on Debt %: 23.35% (As of Jun. 2024)

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What is Newfield Resources Effective Interest Rate on Debt %?

Newfield Resources ASX:NWF Effective Interest Rate on Debt % is 23.35% as of Jun. 2024.

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. Newfield Resources's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was A$1.03 Mil. Newfield Resources's average total debt for the quarter that ended in Jun. 2024 was A$4.39 Mil. Therefore, Newfield Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 23.35%.

Newfield Resources  (ASX:NWF) Effective Interest Rate on Debt % Explanation

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

Newfield Resources Effective Interest Rate on Debt % Related Terms

Newfield Resources Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Newfield Resources'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.

Newfield Resources Effective Interest Rate on Debt % Chart

Newfield Resources Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.45 14.55 56.43 8.56 7.24

Newfield Resources Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 2,869.19 16.11 13.05 10.36 23.35

ASX:NWF vs HL: Effective Interest Rate on Debt % Comparison

For the Other Precious Metals & Mining subindustry, Newfield Resources'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.

Newfield Resources Effective Interest Rate on Debt % vs Metals & Mining Industry

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

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


Newfield Resources Effective Interest Rate on Debt % Calculation

Newfield Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2023 )+Total Debt  (A: Jun. 2024 ))/ count )
=-1  *  -1.339/( (30.065+6.934)/ 2 )
=-1  *  -1.339/18.4995
=7.24 %

where

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=26 + 4.065
=30.065

Total Debt  (A: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.442 + 4.492
=6.934

Newfield Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -1.026/( (1.854+6.934)/ 2 )
=-1  *  -1.026/4.394
=23.35 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 1.854
=1.854

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.442 + 4.492
=6.934

* 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 (Jun. 2024) 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 23.35% mean?
Newfield Resources (ASX:NWF) has a Effective Interest Rate on Debt % of 23.35% as of Jun. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Newfield Resources and its competitors.
Is Newfield Resources' Effective Interest Rate on Debt % too high?
Newfield Resources' current Effective Interest Rate on Debt % is 23.35%.
How does Newfield Resources' Effective Interest Rate on Debt % compare to HL?
Newfield Resources' Effective Interest Rate on Debt % of 23.35% 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 Newfield Resources and its competitors. Newfield Resources's current Effective Interest Rate on Debt % is 23.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newfield Resources stock overvalued right now?
Newfield Resources (ASX:NWF) has a current Effective Interest Rate on Debt % of 23.35%. The current Effective Interest Rate on Debt % is 23.35%. 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 Newfield Resources (ASX:NWF), the current Effective Interest Rate on Debt % is 23.35% as of Jun. 2024. 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.

Newfield Resources Business Description

Address 4 Riseley Street, Suite 6, Applecross, Perth, WA, AUS, 6153
Newfield Resources Ltd is engaged in mine development and mineral exploration. The firm operates predominantly in the mineral exploration industry in Australia and Africa. The company's project profile includes The Tongo Diamond Project, Kumgbo Kimberlite Project. Its segments consist of Mining & Development Africa, Mineral Exploration Africa, and Corporate. Geographical segments of the company include Australia, Liberia, and Sierra Leone.