SMI - Ste Metallurgique d'Imiter (CAS:SMI) Effective Interest Rate on Debt % : 10.44% (As of Dec. 2024)

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What is SMI - Ste Metallurgique d'Imiter 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. SMI - Ste Metallurgique d'Imiter's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was MAD4 Mil. SMI - Ste Metallurgique d'Imiter's average total debt for the quarter that ended in Dec. 2024 was MAD38 Mil. Therefore, SMI - Ste Metallurgique d'Imiter's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 10.44%.

SMI - Ste Metallurgique d'Imiter Effective Interest Rate on Debt % Historical Data

The historical data trend for SMI - Ste Metallurgique d'Imiter'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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SMI - Ste Metallurgique d'Imiter Effective Interest Rate on Debt % Chart

SMI - Ste Metallurgique d'Imiter Annual Data

Trend

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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6.07

4.35

6.06

10.50

926.15

SMI - Ste Metallurgique d'Imiter Semi-Annual Data
	Dec14	Jun15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.73	6.38	11.92	12.63	10.44

Competitive Comparison of SMI - Ste Metallurgique d'Imiter's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, SMI - Ste Metallurgique d'Imiter'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.

SMI - Ste Metallurgique d'Imiter's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, SMI - Ste Metallurgique d'Imiter's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where SMI - Ste Metallurgique d'Imiter's Effective Interest Rate on Debt % falls into.

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SMI - Ste Metallurgique d'Imiter Effective Interest Rate on Debt % Calculation

SMI - Ste Metallurgique d'Imiter's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -4.427	/	( (0.275	+	0.681)	/ 2 )
=	-1 * -4.427	/	0.478
=	926.15 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.275	+	0
=	0.275

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.681	+	0
=	0.681

SMI - Ste Metallurgique d'Imiter'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 * -4.018	/	( (76.286	+	0.681)	/ 2 )
=	-1 * -4.018	/	38.4835
=	10.44 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	76.286	+	0
=	76.286

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.681	+	0
=	0.681

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.

SMI - Ste Metallurgique d'Imiter (CAS:SMI) Effective Interest Rate on Debt % Explanation

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

SMI - Ste Metallurgique d'Imiter Effective Interest Rate on Debt % Related Terms

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SMI - Ste Metallurgique d'Imiter Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » SMI - Ste Metallurgique d'Imiter (CAS:SMI) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

Twin Center, Tour A, PO Box 5199, Angle Boulevards Zerktouni et Al Massira Al Khadra, Casablanca, MAR

Website

http://www.managemgroup.com

SMI - Ste Metallurgique d'Imiter is a Morocco-based company engaged in the mining industry. The company's product portfolio consists of precious metals such as Silver and Gold, Copper, Zinc, Cobalt cathode, Arsenic, Nickel and many more. Its Morocco project consists of Bouskour and Tizert. The Bouskour project is located approximately 80 kilometers southeast of the city of Ouarzazate. Its Tizert project is situated approximately 80 kilometers east of the city of Agadir in the province of Taroudant. The company's Africa project comprises of Gold projects, Tri-K projects, Pumpi project, and Assosa and Budur projects.