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Copper 360 (JSE:CPR) Effective Interest Rate on Debt % : 18.62% (As of Aug. 2024)


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What is Copper 360 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. Copper 360's annualized positive value of Interest Expense for the quarter that ended in Aug. 2024 was R42.68 Mil. Copper 360's average total debt for the quarter that ended in Aug. 2024 was R229.27 Mil. Therefore, Copper 360's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 was 18.62%.

Copper 360 Effective Interest Rate on Debt % Historical Data

The historical data trend for Copper 360'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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Copper 360 Effective Interest Rate on Debt % Chart

Copper 360 Annual Data
Trend Feb22 Feb23 Feb24
Effective Interest Rate on Debt %
2.86 0.19 7.07

Copper 360 Semi-Annual Data
Feb22 Aug22 Feb23 Aug23 Feb24 Aug24
Effective Interest Rate on Debt % Get a 7-Day Free Trial 0.10 0.41 8.44 8.57 18.62

Competitive Comparison of Copper 360's Effective Interest Rate on Debt %

For the Copper subindustry, Copper 360'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.

Copper 360's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Copper 360's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Copper 360's Effective Interest Rate on Debt % falls into.


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Copper 360 Effective Interest Rate on Debt % Calculation

Copper 360's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Feb. 2023 )+Total Debt  (A: Feb. 2024 ))/ count )
=-1  *  -16.035/( (27.965+425.415)/ 2 )
=-1  *  -16.035/226.69
=7.07 %

where

Total Debt  (A: Feb. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 27.965
=27.965

Total Debt  (A: Feb. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=94.065 + 331.35
=425.415

Copper 360's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Feb. 2024 )+Total Debt  (Q: Aug. 2024 ))/ count )
=-1  *  -42.684/( (425.415+33.123)/ 2 )
=-1  *  -42.684/229.269
=18.62 %

where

Total Debt  (Q: Feb. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=94.065 + 331.35
=425.415

Total Debt  (Q: Aug. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=30.787 + 2.336
=33.123

* 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 two times the semi-annual (Aug. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Copper 360  (JSE:CPR) Effective Interest Rate on Debt % Explanation

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

Copper 360 Effective Interest Rate on Debt % Related Terms

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Copper 360 Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Copper 360 Ltd (JSE:CPR) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
JSE:GML JSE:WEZ JSE:MTU JSE:RNG JSE:MRF JSE:THA SCCO FCX LSE:ANTO LIM:CVERDEC1 TSX:FM SHSE:600362 TSX:LUN WAR:KGH SZSE:000630 HKSE:01208 SZSE:000878 TSX:HBM ASX:SFR SZSE:002203
Traded in Other Exchanges
N/A
Address
1 Main Road, Nababeep, Nababeep, NC, ZAF, 8265
Website
https://www.copper360.co.za
Copper 360 Ltd is focused on processing historically mined copper rock dumps through a process of environmental clean-up, and mining surface and shallow copper resources. The group's operations are based in the Northern Cape province of South Africa.

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