Critical Mineral Resources (LSE:CMRS) Effective Interest Rate on Debt % : 40.94% (As of Dec. 2024)

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What is Critical Mineral Resources 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. Critical Mineral Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was £0.07 Mil. Critical Mineral Resources's average total debt for the quarter that ended in Dec. 2024 was £0.17 Mil. Therefore, Critical Mineral Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 40.94%.

Critical Mineral Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Critical Mineral Resources'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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Critical Mineral Resources Effective Interest Rate on Debt % Chart

Critical Mineral Resources Annual Data

Trend

Nov18

Nov19

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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43.64

6.13

21.65

Critical Mineral Resources Semi-Annual Data
	Nov18	May19	Nov19	May20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial							-	2.82	12.03	8.28	40.94

Competitive Comparison of Critical Mineral Resources's Effective Interest Rate on Debt %

For the Other Precious Metals & Mining subindustry, Critical Mineral Resources'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.

Critical Mineral Resources's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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

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Critical Mineral Resources Effective Interest Rate on Debt % Calculation

Critical Mineral Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -0.038	/	( (0.077	+	0.274)	/ 2 )
=	-1 * -0.038	/	0.1755
=	21.65 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.053	+	0.024
=	0.077

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.035	+	0.239
=	0.274

Critical Mineral Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -0.07	/	( (0.068	+	0.274)	/ 2 )
=	-1 * -0.07	/	0.171
=	40.94 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.044	+	0.024
=	0.068

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.035	+	0.239
=	0.274

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

Critical Mineral Resources (LSE:CMRS) Effective Interest Rate on Debt % Explanation

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

Critical Mineral Resources Effective Interest Rate on Debt % Related Terms

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Critical Mineral Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Critical Mineral Resources PLC (LSE:CMRS) » Definitions » Effective Interest Rate on Debt %

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Address

25 Eccleston Place, Eccleston Yards, London, GBR, SW1W 9NF

Website

https://www.cmrplc.com

Critical Mineral Resources PLC is engaged in exploration for, and development of mineral resources, including in Morocco, and the identification of future acquisition targets in the same industry. Its current focus is on copper-gold opportunities. Some of its projects are Morocco and Anzar Copper.

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