Sail Mining Group (JSE:SGP) Effective Interest Rate on Debt %: 10.67% (As of Aug. 2021)

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What is Sail Mining Group Effective Interest Rate on Debt %?

Sail Mining Group JSE:SGP Effective Interest Rate on Debt % is 10.67% as of Aug. 2021.

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. Sail Mining Group's annualized positive value of Interest Expense for the quarter that ended in Aug. 2021 was R75 Mil. Sail Mining Group's average total debt for the quarter that ended in Aug. 2021 was R707 Mil. Therefore, Sail Mining Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2021 was 10.67%.


Sail Mining Group  (JSE:SGP) Effective Interest Rate on Debt % Explanation

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


Sail Mining Group Effective Interest Rate on Debt % Related Terms


Sail Mining Group Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Sail Mining 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.

Sail Mining Group Effective Interest Rate on Debt % Chart

Sail Mining Group Annual Data
Trend Feb12 Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.71 5.59 10.67 7.37 9.34

Sail Mining Group Semi-Annual Data
Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21
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 8.46 5.53 6.50 12.26 10.67

JSE:SGP vs BHPBF: Effective Interest Rate on Debt % Comparison

For the Other Industrial Metals & Mining subindustry, Sail Mining 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.


Sail Mining Group Effective Interest Rate on Debt % vs Metals & Mining Industry

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

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



Sail Mining Group Effective Interest Rate on Debt % Calculation

Sail Mining Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Feb. 2020 )+Total Debt  (A: Feb. 2021 ))/ count )
=-1  *  -70.042/( (621.575+877.501)/ 2 )
=-1  *  -70.042/749.538
=9.34 %

where

Total Debt  (A: Feb. 2020 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=230.857 + 390.718
=621.575

Total Debt  (A: Feb. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=394.666 + 482.835
=877.501

Sail Mining Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2021 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Feb. 2021 )+Total Debt  (Q: Aug. 2021 ))/ count )
=-1  *  -75.42/( (877.501+536.242)/ 2 )
=-1  *  -75.42/706.8715
=10.67 %

where

Total Debt  (Q: Feb. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=394.666 + 482.835
=877.501

Total Debt  (Q: Aug. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=105.495 + 430.747
=536.242

* 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. 2021) 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 10.67% mean?
Sail Mining Group (JSE:SGP) has a Effective Interest Rate on Debt % of 10.67% as of Aug. 2021. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Sail Mining Group and its competitors.
Is Sail Mining Group's Effective Interest Rate on Debt % too high?
Sail Mining Group's current Effective Interest Rate on Debt % is 10.67%.
How does Sail Mining Group's Effective Interest Rate on Debt % compare to BHPBF?
Sail Mining Group's Effective Interest Rate on Debt % of 10.67% can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Effective Interest Rate on Debt % depends on the Metals & Mining 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 Sail Mining Group and its competitors. Sail Mining Group's current Effective Interest Rate on Debt % is 10.67%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sail Mining Group stock overvalued right now?
Sail Mining Group (JSE:SGP) has a current Effective Interest Rate on Debt % of 10.67%. The current Effective Interest Rate on Debt % is 10.67%. 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 Sail Mining Group (JSE:SGP), the current Effective Interest Rate on Debt % is 10.67% as of Aug. 2021. 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.

Sail Mining Group Business Description

Address 4 Peltier Drive, Unit 25 Sunninghill Office Park, Johannesburg, GT, ZAF, 2054
Sail Mining Group Ltd Formerly Chrometco Ltd is a mineral exploration company. It has chrome and mining operations in the North-West Province of South Africa. In addition, Chrometco focuses on the investigation of other chrome and base metal properties for exploration purposes and on researching and investigating business development opportunities. The group holds interest in mining, concentrating and beneficiating various metals and their ores, in particular chrome, platinum, copper, cobalt, nickel and manganese.