Freedom Energy (FRA:B1H2) Effective Interest Rate on Debt % : 6.11% (As of Dec. 2018)

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What is Freedom Energy 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. Freedom Energy's annualized positive value of Interest Expense for the quarter that ended in Dec. 2018 was €0.02 Mil. Freedom Energy's average total debt for the quarter that ended in Dec. 2018 was €0.39 Mil. Therefore, Freedom Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2018 was 6.11%.

Freedom Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for Freedom Energy'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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Freedom Energy Effective Interest Rate on Debt % Chart

Freedom Energy Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Effective Interest Rate on Debt %

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10.32

10.29

9.79

8.58

6.25

Freedom Energy Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.02	6.52	7.53	5.17	6.11

Competitive Comparison of Freedom Energy's Effective Interest Rate on Debt %

For the Coking Coal subindustry, Freedom Energy'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.

Freedom Energy's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Freedom Energy's Effective Interest Rate on Debt % distribution charts can be found below:

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

Freedom Energy Effective Interest Rate on Debt % Calculation

Freedom Energy's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2017 )	+	Total Debt (A: Mar. 2018 ))	/ count )
=	-1 * -0.023	/	( (0.375	+	0.361)	/ 2 )
=	-1 * -0.023	/	0.368
=	6.25 %

where

	Total Debt (A: Mar. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.375
=	0.375

	Total Debt (A: Mar. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.216	+	0.145
=	0.361

Freedom Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2018 )	+	Total Debt (Q: Dec. 2018 ))	/ count )
=	-1 * -0.024	/	( (0.391	+	0.395)	/ 2 )
=	-1 * -0.024	/	0.393
=	6.11 %

where

	Total Debt (Q: Sep. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.391
=	0.391

	Total Debt (Q: Dec. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.395
=	0.395

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. 2018) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Freedom Energy (FRA:B1H2) Effective Interest Rate on Debt % Explanation

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

Freedom Energy Effective Interest Rate on Debt % Related Terms

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Freedom Energy (FRA:B1H2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Freedom Energy Inc (FRA:B1H2) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

837 West Hastings Street, Suite 315, Vancouver, BC, CAN, V6C 3N6

Website

https://www.freedomenergyinc.com

Freedom Energy Inc is an exploration stage junior mining company. It is engaged in the exploration, evaluation, and development of metallurgical coal, and oil and gas projects in North America. It also holds an interest in Good Hope gold property. The firm operates through one segment that is Exploration and Evaluation of mineral property interests.

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