Toubani Resources (ASX:TRE) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2024)

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What is Toubani 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. Toubani Resources's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was A$0.00 Mil. Toubani Resources's average total debt for the quarter that ended in Jun. 2024 was A$0.07 Mil. Therefore, Toubani Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 0.00%.

Toubani Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Toubani 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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Toubani Resources Effective Interest Rate on Debt % Chart

Toubani Resources Annual Data

Trend

Dec22

Dec23

Effective Interest Rate on Debt %

Toubani Resources Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	-	-	-	-

Competitive Comparison of Toubani Resources's Effective Interest Rate on Debt %

For the Gold subindustry, Toubani 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.

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

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

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

Toubani Resources Effective Interest Rate on Debt % Calculation

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

where

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

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

Toubani 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 * 0	/	( (0	+	0.068)	/ 1 )
=	-1 * 0	/	0.068
=	0.00 %

where

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

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.068
=	0.068

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.

Toubani Resources (ASX:TRE) Effective Interest Rate on Debt % Explanation

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

Toubani Resources Effective Interest Rate on Debt % Related Terms

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Toubani Resources Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

TOUBF:USA 3V20:Germany

Address

1202 Hay Street, Suite 1600, Toronto, WA, AUS, 6005

Website

https://www.toubaniresources.com

Toubani Resources Ltd is a Canada-based gold exploration and development company. Its segment consists of the acquisition, exploration, and development of precious and base metal mineral resources properties located in Western Africa. The company's portfolio includes the Kobada gold project which is a stage gold development project located in Mali.

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