Persistence Resources Group (HKSE:02489) Effective Interest Rate on Debt % : 16.35% (As of Dec. 2023)

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What is Persistence Resources Group 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. Persistence Resources Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was HK$5.4 Mil. Persistence Resources Group's average total debt for the quarter that ended in Dec. 2023 was HK$32.8 Mil. Therefore, Persistence Resources Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 16.35%.

Persistence Resources Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Persistence Resources Group'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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Persistence Resources Group Effective Interest Rate on Debt % Chart

Persistence Resources Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

13.53

8.95

9.40

10.46

Persistence Resources Group Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	2.74	16.84	4.73	16.35

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

For the Gold subindustry, Persistence Resources Group'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.

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

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

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

Persistence Resources Group Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -3.467	/	( (33.501	+	32.813)	/ 2 )
=	-1 * -3.467	/	33.157
=	10.46 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	33.501
=	33.501

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	32.813
=	32.813

Persistence Resources Group'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: Jun. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -5.366	/	( (32.813	+	32.813)	/ 2 )
=	-1 * -5.366	/	32.813
=	16.35 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	32.813
=	32.813

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	32.813
=	32.813

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

Persistence Resources Group (HKSE:02489) Effective Interest Rate on Debt % Explanation

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

Persistence Resources Group Effective Interest Rate on Debt % Related Terms

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Persistence Resources Group (HKSE:02489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Persistence Resources Group Ltd (HKSE:02489) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

199 Des Voeux Road Centra, Level 20, Infinitus Plaza, Hong Kong, HKG

Website

http://www.persistenceresource.com

Persistence Resources Group Ltd is a gold exploration, mining and processing company. It operates the Songjiagou Open-Pit Mine and Songjiagou Underground Mine in Yantai city of Shandong Province of China. The group has one reportable operating segment which is mining and processing gold that is ultimately sold as gold bullion.

Executives

Majestic Gold Corp.	2101 Beneficial owner
Dong Fang Jin Ye Xiang Gang You Xian Gong Si

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