HYII (All Grade Mining) Effective Interest Rate on Debt %: 24.48% (As of Sep. 2013)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is All Grade Mining Effective Interest Rate on Debt %?

All Grade Mining HYII Effective Interest Rate on Debt % is 24.48% as of Sep. 2013.

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. All Grade Mining's annualized positive value of Interest Expense for the quarter that ended in Sep. 2013 was $0.22 Mil. All Grade Mining's average total debt for the quarter that ended in Sep. 2013 was $0.88 Mil. Therefore, All Grade Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2013 was 24.48%.

All Grade Mining  (GREY:HYII) Effective Interest Rate on Debt % Explanation

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

All Grade Mining Effective Interest Rate on Debt % Related Terms

All Grade Mining Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for All Grade 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.

All Grade Mining Effective Interest Rate on Debt % Chart

All Grade Mining Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 5.71 10.53 8.70 0.00 0.00

All Grade Mining Quarterly Data
Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 38.87 0.00 79.50 101.83 24.48

HYII vs VCAN, ADAC, CIIT: Effective Interest Rate on Debt % Comparison

For the Steel subindustry, All Grade 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.

All Grade Mining Effective Interest Rate on Debt % vs Steel Industry

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

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


All Grade Mining Effective Interest Rate on Debt % Calculation

All Grade Mining's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2012 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2011 )+Total Debt  (A: Dec. 2012 ))/ count )
=-1  *  0/( (0.509+0.712)/ 2 )
=-1  *  0/0.6105
=0.00 %

where

Total Debt  (A: Dec. 2011 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.256 + 0.253
=0.509

Total Debt  (A: Dec. 2012 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.363 + 0.349
=0.712

All Grade Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2013 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2013 )+Total Debt  (Q: Sep. 2013 ))/ count )
=-1  *  -0.216/( (0.795+0.97)/ 2 )
=-1  *  -0.216/0.8825
=24.48 %

where

Total Debt  (Q: Jun. 2013 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.423 + 0.372
=0.795

Total Debt  (Q: Sep. 2013 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.511 + 0.459
=0.97

* 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.

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 (Sep. 2013) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 24.48% mean?
All Grade Mining (HYII) has a Effective Interest Rate on Debt % of 24.48% as of Sep. 2013. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on All Grade Mining and its competitors.
Is All Grade Mining's Effective Interest Rate on Debt % too high?
All Grade Mining's current Effective Interest Rate on Debt % is 24.48%.
How does All Grade Mining's Effective Interest Rate on Debt % compare to VCAN and ADAC?
All Grade Mining's Effective Interest Rate on Debt % of 24.48% can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Steel company?
A good Effective Interest Rate on Debt % depends on the Steel industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on All Grade Mining and its competitors. All Grade Mining's current Effective Interest Rate on Debt % is 24.48%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is All Grade Mining stock overvalued right now?
All Grade Mining (HYII) has a current Effective Interest Rate on Debt % of 24.48%. The current Effective Interest Rate on Debt % is 24.48%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For All Grade Mining (HYII), the current Effective Interest Rate on Debt % is 24.48% as of Sep. 2013. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

All Grade Mining Business Description

Address 370 West Pleasantview Avenue, Suite 163, Hackensack, NJ, USA, 07601
All Grade Mining Inc is a development-stage company focused on the extraction of iron ore and copper from mines located in the Republic of Chile. The company owns the Salitrosa Iron Ore Mine, located 28 kilometers from Chanaral and 60 kilometers from the Caldera port. It comprises of iron ore reserve of over 40 million metric tons based on magnometric and geological studies done on the property.