Rome Resources (FRA:33R) Effective Interest Rate on Debt % : 1.95% (As of Dec. 2023)

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What is Rome 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. Rome Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €0.01 Mil. Rome Resources's average total debt for the quarter that ended in Dec. 2023 was €0.41 Mil. Therefore, Rome Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.95%.

Rome Resources Effective Interest Rate on Debt % Historical Data

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

Rome Resources Annual Data

Trend

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep20

Sep21

Sep22

Sep23

Effective Interest Rate on Debt %

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1.20

Rome Resources Quarterly Data
	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	2.40	1.95

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

For the Other Industrial Metals & Mining subindustry, Rome 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.

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

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

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

Rome Resources Effective Interest Rate on Debt % Calculation

Rome Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2022 )	+	Total Debt (A: Sep. 2023 ))	/ count )
=	-1 * -0.002	/	( (0	+	0.167)	/ 1 )
=	-1 * -0.002	/	0.167
=	1.20 %

where

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

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.167
=	0.167

Rome Resources'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: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.008	/	( (0.167	+	0.655)	/ 2 )
=	-1 * -0.008	/	0.411
=	1.95 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.167
=	0.167

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.655
=	0.655

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

Rome Resources (FRA:33R) Effective Interest Rate on Debt % Explanation

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

Rome Resources Effective Interest Rate on Debt % Related Terms

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Rome Resources (FRA:33R) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rome Resources Ltd (FRA:33R) » Definitions » Effective Interest Rate on Debt %

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RMR:Canada

Address

688 West Hastings Street, Suite 700, Vancouver, BC, CAN, V6B 1P1

Website

https://www.romeresources.com

Rome Resources Ltd engages in the acquisition, exploration, and evaluation of mineral properties. The company has entered into option agreements on two contiguous properties located in the Walikale District of North Kivu Province in the eastern Democratic Republic of Congo. The company's project include the Bisie North Tin Project.

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