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

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What is Venus 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. Venus Metals's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.00 Mil. Venus Metals's average total debt for the quarter that ended in Dec. 2023 was A$0.06 Mil. Therefore, Venus Metals's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Venus Metals Effective Interest Rate on Debt % Historical Data

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

Venus Metals Annual Data

Trend

Jun14

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Jun23

Effective Interest Rate on Debt %

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Venus 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 Venus Metals's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Venus 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.

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

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

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

Venus Metals Effective Interest Rate on Debt % Calculation

Venus 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	/	( (0.027	+	0)	/ 1 )
=	-1 * 0	/	0.027
=	0.00 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.001	+	0.026
=	0.027

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

Venus 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	+	0.062)	/ 1 )
=	-1 * 0	/	0.062
=	0.00 %

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
=	0.039	+	0.023
=	0.062

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.

Venus Metals (ASX:VMC) Effective Interest Rate on Debt % Explanation

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

Venus Metals Effective Interest Rate on Debt % Related Terms

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Venus Metals (ASX:VMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Venus Metals Corp Ltd (ASX:VMC) » Definitions » Effective Interest Rate on Debt %

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Address

Unit 2, 8 Alvan Street, Subiaco, WA, AUS, 6008

Website

https://www.venusmetals.com.au

Venus Metals Corp Ltd is engaged in the exploration and development of mineral tenements in Western Australia. Its projects focus on the exploration of Lithium, Gold, and Base Metals at Bridgetown East Ni-Cu PGE, Henderson Project, Youanmi Gold Project, Youanmi Vanadium Project, and Sandstone Bell Chambers Gold Project.