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


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What is Sunshine 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. Sunshine Metals's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.00 Mil. Sunshine Metals's average total debt for the quarter that ended in Dec. 2023 was A$0.16 Mil. Therefore, Sunshine Metals's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.


Sunshine Metals Effective Interest Rate on Debt % Historical Data

The historical data trend for Sunshine 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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Sunshine Metals Effective Interest Rate on Debt % Chart

Sunshine Metals Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
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Sunshine Metals 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 Sunshine Metals's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Sunshine 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.


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

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

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



Sunshine Metals Effective Interest Rate on Debt % Calculation

Sunshine 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/( (0.269+0.186)/ 2 )
=-1  *  0/0.2275
=0.00 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.173 + 0.096
=0.269

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.086 + 0.1
=0.186

Sunshine 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/( (0.186+0.137)/ 2 )
=-1  *  0/0.1615
=0.00 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.086 + 0.1
=0.186

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.034 + 0.103
=0.137

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Sunshine Metals  (ASX:SHN) Effective Interest Rate on Debt % Explanation

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


Sunshine Metals Effective Interest Rate on Debt % Related Terms

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Sunshine Metals (ASX:SHN) Business Description

Traded in Other Exchanges
N/A
Address
23 Mackley Street, Unit 1, Garbutt, QLD, AUS, 4814
Sunshine Metals Ltd is focused on discovery and development at its high quality gold and copper projects in Queensland, comprising Ravenswood Consolidated, Triumph, Investigator and Hodgkinson projects.

Sunshine Metals (ASX:SHN) Headlines

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