Tolu Minerals (ASX:TOK) Effective Interest Rate on Debt % : 8.22% (As of Dec. 2023)

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What is Tolu Minerals 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. Tolu Minerals's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.38 Mil. Tolu Minerals's average total debt for the quarter that ended in Dec. 2023 was A$4.61 Mil. Therefore, Tolu Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.22%.

Tolu Minerals Effective Interest Rate on Debt % Historical Data

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

Tolu Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

11.95

8.22

Tolu Minerals Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Effective Interest Rate on Debt %	-	-	11.95	8.22

Competitive Comparison of Tolu Minerals's Effective Interest Rate on Debt %

For the Other Precious Metals & Mining subindustry, Tolu Minerals'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.

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

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

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

Tolu Minerals Effective Interest Rate on Debt % Calculation

Tolu Minerals's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -0.379	/	( (4.46	+	4.766)	/ 2 )
=	-1 * -0.379	/	4.613
=	8.22 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.417	+	0.043
=	4.46

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.347	+	0.419
=	4.766

Tolu Minerals'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: Dec. 2022 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.379	/	( (4.46	+	4.766)	/ 2 )
=	-1 * -0.379	/	4.613
=	8.22 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.417	+	0.043
=	4.46

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.347	+	0.419
=	4.766

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

Tolu Minerals (ASX:TOK) Effective Interest Rate on Debt % Explanation

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

Tolu Minerals Effective Interest Rate on Debt % Related Terms

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Tolu Minerals (ASX:TOK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Tolu Minerals Ltd (ASX:TOK) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Unit 5, Ground Floor, Turumu Haus, Spring Garden, Gordons, Moresby North East, Port Moresby, PNG, 121

Website

https://www.toluminerals.com

Tolu Minerals Ltd is an emerging exploration company with rights to three significant gold and silver and copper resource opportunities in PNG. Its projects include the Tolukuma Gold Mine, the Tolukuma Gold Mine, and the Mt Penck Tenement.