DRDGold (JSE:DRD) Effective Interest Rate on Debt % : 217.13% (As of Jun. 2024)

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What is DRDGold 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. DRDGold's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was R75 Mil. DRDGold's average total debt for the quarter that ended in Jun. 2024 was R34 Mil. Therefore, DRDGold's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 217.13%.

DRDGold Effective Interest Rate on Debt % Historical Data

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

DRDGold Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

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227.88

115.60

136.13

153.04

217.13

DRDGold Semi-Annual Data
	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															227.88	115.60	136.13	153.04	217.13

Competitive Comparison of DRDGold's Effective Interest Rate on Debt %

For the Gold subindustry, DRDGold'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.

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

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

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

DRDGold Effective Interest Rate on Debt % Calculation

DRDGold'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 * -74.8	/	( (39.7	+	29.2)	/ 2 )
=	-1 * -74.8	/	34.45
=	217.13 %

where

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28.4	+	11.3
=	39.7

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	22.3	+	6.9
=	29.2

DRDGold'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: Jun. 2023 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -74.8	/	( (39.7	+	29.2)	/ 2 )
=	-1 * -74.8	/	34.45
=	217.13 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28.4	+	11.3
=	39.7

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	22.3	+	6.9
=	29.2

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

DRDGold (JSE:DRD) Effective Interest Rate on Debt % Explanation

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

DRDGold Effective Interest Rate on Debt % Related Terms

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DRDGold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » DRDGold Ltd (JSE:DRD) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

DRDGF:USA DRD:USA 0ICU:UK DUBA:Germany DUB1:Germany DUBA:Germany DUB1:Germany

Address

Cnr 14th Avenue and Hendrik Potgieter Road, Constantia Office Park, Cycad House, Building 17, Ground Floor, Weltevreden Park, Johannesburg, ZAF, 1709

Website

https://www.drdgold.com

DRDGold Ltd is a South African gold mining company engaged in surface gold tailings retreatment including exploration, extraction, processing, and smelting. Its reportable operating segments are; Ergo, FWGR, and Corporate office and other reconciling items. The Ergo is a surface gold retreatment operation that treats old slime dams and sand dumps to the south of Johannesburg's central business district as well as the East and Central Rand goldfields; and the FWGR which is a surface gold retreatment operation and treats old slime dams in the West Rand goldfields. The Ergo segment derives a vast majority of the company's revenue.