Platina Resources (ASX:PGM) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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

Platina Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Platina 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.

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Platina Resources Effective Interest Rate on Debt % Chart

Platina Resources Annual Data

Trend

Jun14

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Jun23

Effective Interest Rate on Debt %

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Platina Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
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Competitive Comparison of Platina Resources's Effective Interest Rate on Debt %

For the Other Precious Metals & Mining subindustry, Platina 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.

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

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

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

Platina Resources Effective Interest Rate on Debt % Calculation

Platina Resources'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	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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

Platina Resources'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	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

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

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.

Platina Resources (ASX:PGM) Effective Interest Rate on Debt % Explanation

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

Platina Resources Effective Interest Rate on Debt % Related Terms

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Platina Resources (ASX:PGM) Business Description

Industry

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

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Traded in Other Exchanges

PTNUF:USA P4R:Germany

Address

c/- Corporate Consultants Pty Ltd, 389 Oxford Street, Level 2, Suite 9, Mount Hawthorn, Perth, WA, AUS, 6016

Website

https://www.platinaresources.com.au

Platina Resources Ltd is a company engaged in acquiring, exploring and developing mineral interests, prospective for precious metals and other mineral deposits. The company focuses on platinum group metals, zinc and gold and base metals. It holds an interest in Blue Moon, Owendale, Munni Munni, Skaergaard and Qialivarteerpik Projects.Geographically it operates in Greenland, Australia and North America and derives key revenue from Greenland.