PPX Mining (FRA:39S) Effective Interest Rate on Debt % : 12.59% (As of Mar. 2024)

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What is PPX Mining 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. PPX Mining's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €0.61 Mil. PPX Mining's average total debt for the quarter that ended in Mar. 2024 was €4.83 Mil. Therefore, PPX Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 12.59%.

PPX Mining Effective Interest Rate on Debt % Historical Data

The historical data trend for PPX Mining'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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PPX Mining Effective Interest Rate on Debt % Chart

PPX Mining Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Effective Interest Rate on Debt %

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15.13

12.84

11.46

4.75

6.32

PPX Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.69	8.26	18.91	14.32	12.59

Competitive Comparison of PPX Mining's Effective Interest Rate on Debt %

For the Other Precious Metals & Mining subindustry, PPX Mining'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.

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

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

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

PPX Mining Effective Interest Rate on Debt % Calculation

PPX Mining'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 * -0.418	/	( (8.657	+	4.571)	/ 2 )
=	-1 * -0.418	/	6.614
=	6.32 %

where

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	8.657
=	8.657

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.036	+	0.535
=	4.571

PPX Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.608	/	( (4.761	+	4.895)	/ 2 )
=	-1 * -0.608	/	4.828
=	12.59 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.285	+	0.476
=	4.761

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.762	+	0.133
=	4.895

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

PPX Mining (FRA:39S) Effective Interest Rate on Debt % Explanation

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

PPX Mining Effective Interest Rate on Debt % Related Terms

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PPX Mining (FRA:39S) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PPX Mining Corp (FRA:39S) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

SNNGF:USA PPX:Peru PPX:Canada

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.ppxmining.com

PPX Mining Corp is a Canadian company. It is in the business of acquiring, exploring and evaluating mineral properties in areas which is a relatively high potential for mining success. The company is also involved in developing or joint venturing of mineral properties or disposing these properties when the evaluation is completed. It mainly focuses on mining activities which are on a long-term basis. The company is in the process of exploring mineral properties in Peru. It owns a gold and silver project, Igor which is located in the Northern Peru gold belt.

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