Oakbay Resources and Energy (JSE:46926) Effective Interest Rate on Debt % : 31.07% (As of Feb. 2017)

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What is Oakbay Resources and 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. Oakbay Resources and Energy's annualized positive value of Interest Expense for the quarter that ended in Feb. 2017 was R35.8 Mil. Oakbay Resources and Energy's average total debt for the quarter that ended in Feb. 2017 was R115.3 Mil. Therefore, Oakbay Resources and Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2017 was 31.07%.

Oakbay Resources and Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for Oakbay Resources and 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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Oakbay Resources and Energy Effective Interest Rate on Debt % Chart

Oakbay Resources and Energy Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Effective Interest Rate on Debt %

13.45

15.37

15.30

25.84

Oakbay Resources and Energy Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-52.75	15.23	17.24	35.83	31.07

Competitive Comparison of Oakbay Resources and Energy's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Oakbay Resources and 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.

Oakbay Resources and Energy's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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

Oakbay Resources and Energy Effective Interest Rate on Debt % Calculation

Oakbay Resources and Energy's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2017 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2016 )	+	Total Debt (A: Feb. 2017 ))	/ count )
=	-1 * -56.368	/	( (317.496	+	118.846)	/ 2 )
=	-1 * -56.368	/	218.171
=	25.84 %

where

	Total Debt (A: Feb. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	82.349	+	235.147
=	317.496

	Total Debt (A: Feb. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	71.646	+	47.2
=	118.846

Oakbay Resources and Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2017 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2016 )	+	Total Debt (Q: Feb. 2017 ))	/ count )
=	-1 * -35.832	/	( (111.808	+	118.846)	/ 2 )
=	-1 * -35.832	/	115.327
=	31.07 %

where

	Total Debt (Q: Aug. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	75.72	+	36.088
=	111.808

	Total Debt (Q: Feb. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	71.646	+	47.2
=	118.846

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 (Feb. 2017) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Oakbay Resources and Energy (JSE:46926) Effective Interest Rate on Debt % Explanation

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

Oakbay Resources and Energy Effective Interest Rate on Debt % Related Terms

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Oakbay Resources and Energy (JSE:46926) Business Description

Industry

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Address

Website

http://www.oakbay.co.za

Oakbay Resources and Energy Ltd mines for energy resources with a focus on uranium development and coal production. The company's Shiva Uranium project inferred uranium resources more than 190 million pounds and indicated and inferred gold resources more than 5 million ounces. It mines for gold deposits as a by-product and offers outsourced contracting to the mining industry. The company's segments consist of Gold Operations, Uranium Development, Central Services and Contract Mining. The majority of its revenues are derived from mining and sale of gold in the Republic of South Africa.

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