Atlas Metals Group (LSE:AMG) Effective Interest Rate on Debt % : 19.29% (As of Dec. 2024)

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What is Atlas Metals Group 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. Atlas Metals Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was £0.37 Mil. Atlas Metals Group's average total debt for the quarter that ended in Dec. 2024 was £1.90 Mil. Therefore, Atlas Metals Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 19.29%.

Atlas Metals Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Atlas Metals 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.

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Atlas Metals Group Effective Interest Rate on Debt % Chart

Atlas Metals Group Annual Data

Trend

Feb17

Feb18

Feb19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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2.74

34.94

14.15

20.10

Atlas Metals Group Semi-Annual Data
	Feb17	Feb18	Aug18	Feb19	Aug19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial										-	7.98	17.43	21.91	19.29

Competitive Comparison of Atlas Metals Group's Effective Interest Rate on Debt %

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

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

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

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

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Atlas Metals Group Effective Interest Rate on Debt % Calculation

Atlas Metals Group'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 * -0.276	/	( (0.849	+	1.897)	/ 2 )
=	-1 * -0.276	/	1.373
=	20.10 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.022	+	0.827
=	0.849

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.246	+	1.651
=	1.897

Atlas Metals Group'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 * -0.366	/	( (0	+	1.897)	/ 1 )
=	-1 * -0.366	/	1.897
=	19.29 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.246	+	1.651
=	1.897

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.

Atlas Metals Group (LSE:AMG) Effective Interest Rate on Debt % Explanation

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

Atlas Metals Group Effective Interest Rate on Debt % Related Terms

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Atlas Metals Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atlas Metals Group PLC (LSE:AMG) » Definitions » Effective Interest Rate on Debt %

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Address

107 Cheapside, 9th Floor, London, GBR, EC2V 6DN

Website

https://www.atlasmetalsgroup.com

Atlas Metals Group PLC is focused on identifying projects and acquisition opportunities with the potential for growth and value creation in commodities with high demand due to macroeconomic, energy transition, and technology trends. The company is engaged in buying and building plans in copper and critical metals, starting in Morocco with an initial focus across Africa. The projects of the company include The Gold Ridge Project, Uranium Project, Lake Victoria Gold Project, and others.