Tasmea (ASX:TEA) Effective Interest Rate on Debt % : 8.53% (As of Dec. 2024)

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What is Tasmea 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. Tasmea's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was A$7.8 Mil. Tasmea's average total debt for the quarter that ended in Dec. 2024 was A$91.2 Mil. Therefore, Tasmea's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 8.53%.

Tasmea Effective Interest Rate on Debt % Historical Data

The historical data trend for Tasmea'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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Tasmea Effective Interest Rate on Debt % Chart

Tasmea Annual Data

Trend

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

5.05

4.71

8.51

Tasmea Semi-Annual Data
	Jun22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	-	-	7.11	8.40	8.53

Competitive Comparison of Tasmea's Effective Interest Rate on Debt %

For the Engineering & Construction subindustry, Tasmea'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.

Tasmea's Effective Interest Rate on Debt % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tasmea's Effective Interest Rate on Debt % distribution charts can be found below:

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

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Tasmea Effective Interest Rate on Debt % Calculation

Tasmea'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 * -5.237	/	( (57.461	+	65.672)	/ 2 )
=	-1 * -5.237	/	61.5665
=	8.51 %

where

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	38.063	+	19.398
=	57.461

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	40.869	+	24.803
=	65.672

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -7.782	/	( (65.672	+	116.807)	/ 2 )
=	-1 * -7.782	/	91.2395
=	8.53 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	40.869	+	24.803
=	65.672

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	92.249	+	24.558
=	116.807

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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Tasmea (ASX:TEA) Effective Interest Rate on Debt % Explanation

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

Tasmea Effective Interest Rate on Debt % Related Terms

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Tasmea Business Description

Industry

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Traded in Other Exchanges

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Address

75 Verde Drive, Jandakot, WA, AUS, 6164

Website

https://www.tasmea.com.au

Tasmea Ltd is a skilled services group consisting of seventeen wholly integrated subsidiaries. The company provides essential maintenance, engineering, specialized project services and solutions across the following four service streams to the mining & resources, oil & gas, waste & water, power & renewable energy, and defense & infrastructure industries. Its segment includes Electrical services, Mechanical services, Civil services and Water & fluid services. The company derives maximum revenue from Mechanical services.

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