Firestone Diamonds (LSE:FDI) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2020)

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What is Firestone Diamonds 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. Firestone Diamonds's annualized positive value of Interest Expense for the quarter that ended in Jun. 2020 was £0.00 Mil. Firestone Diamonds's average total debt for the quarter that ended in Jun. 2020 was £78.83 Mil. Therefore, Firestone Diamonds's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2020 was 0.00%.

Firestone Diamonds Effective Interest Rate on Debt % Historical Data

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

Firestone Diamonds Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Effective Interest Rate on Debt %

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0.45

0.88

10.85

11.37

10.64

Firestone Diamonds Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun20
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															11.26	10.65	11.40	11.04	-

Competitive Comparison of Firestone Diamonds's Effective Interest Rate on Debt %

For the Other Precious Metals & Mining subindustry, Firestone Diamonds'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.

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

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

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

Firestone Diamonds Effective Interest Rate on Debt % Calculation

Firestone Diamonds's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2019 )	+	Total Debt (A: Jun. 2020 ))	/ count )
=	-1 * -8.386	/	( (76.981	+	80.679)	/ 2 )
=	-1 * -8.386	/	78.83
=	10.64 %

where

	Total Debt (A: Jun. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	68.703	+	8.278
=	76.981

	Total Debt (A: Jun. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.62	+	79.059
=	80.679

Firestone Diamonds's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2019 )	+	Total Debt (Q: Jun. 2020 ))	/ count )
=	-1 * 0	/	( (76.981	+	80.679)	/ 2 )
=	-1 * 0	/	78.83
=	0.00 %

where

	Total Debt (Q: Jun. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	68.703	+	8.278
=	76.981

	Total Debt (Q: Jun. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.62	+	79.059
=	80.679

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 (Jun. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Firestone Diamonds (LSE:FDI) Effective Interest Rate on Debt % Explanation

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

Firestone Diamonds Effective Interest Rate on Debt % Related Terms

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Firestone Diamonds (LSE:FDI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Firestone Diamonds PLC (LSE:FDI) » Definitions » Effective Interest Rate on Debt %

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Address

207 Brooklands Road, St Georges Business Park, Elder House, Weybridge, Weybridge, Surrey, GBR, KT13 0TS

Website

http://www.firestonediamonds.com

Firestone Diamonds PLC is a UK-based diamond company. The company is primarily involved in diamond mining, exploration, and development in southern Africa. It has three principal operating segments - Liqhobong Mine, BK11 Mine and corporate. Its flagship asset is the Liqhobong Diamond Mine in Lesotho, and the group also has a stake in the BK11 Mine in Botswana. Also, it owns land in Finland that contains known diamond-bearing kimberlites. Its goal is to become a mid-tier diamond producer yielding one million carats per annum.

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