Nova Minerals (FRA:QM3) Effective Interest Rate on Debt % : 8.27% (As of Jun. 2024)

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What is Nova Minerals 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. Nova Minerals's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was €0.36 Mil. Nova Minerals's average total debt for the quarter that ended in Jun. 2024 was €4.30 Mil. Therefore, Nova Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 8.38%.

Nova Minerals Effective Interest Rate on Debt % Historical Data

The historical data trend for Nova Minerals'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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Nova Minerals Effective Interest Rate on Debt % Chart

Nova Minerals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

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11.88

17.18

5.49

10.21

Nova Minerals Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	5.65	4.84	11.69	8.27

Competitive Comparison of Nova Minerals's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Nova Minerals'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.

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

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

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

Nova Minerals Effective Interest Rate on Debt % Calculation

Nova Minerals's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2023 )	+	Total Debt (A: Jun. 2024 ))	/ count )
=	-1 * -0.429	/	( (4.047	+	4.354)	/ 2 )
=	-1 * -0.429	/	4.2005
=	10.21 %

where

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.316	+	0.731
=	4.047

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.487	+	0.867
=	4.354

Nova Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -0.36	/	( (4.243	+	4.354)	/ 2 )
=	-1 * -0.36	/	4.2985
=	8.38 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	4.243
=	4.243

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.487	+	0.867
=	4.354

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

Nova Minerals (FRA:QM3) Effective Interest Rate on Debt % Explanation

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

Nova Minerals Effective Interest Rate on Debt % Related Terms

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Nova Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nova Minerals Ltd (FRA:QM3) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

NVA:USA NVAAF:USA QM3:Germany NVA:Australia

Address

242 Hawthorn Road, Suite 5, Caulfield, VIC, AUS, 3161

Website

https://www.novaminerals.com.au

Nova Minerals Ltd is a Gold, Antimony and Critical Minerals exploration and development company focused on advancing the Estelle Project. It includes projects such as Estelle Gold and Critical Minerals Project, RPM, Korbel, Train and Stoney. It operates in one segment which is exploration of minerals and two geographical areas, being Australia and United States, where Australia derives maximum revenue.

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