Xtract Resources (LSE:XTR) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2023)

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What is Xtract 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. Xtract Resources's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was £0.00 Mil. Xtract Resources's average total debt for the quarter that ended in Jun. 2023 was £0.05 Mil. Therefore, Xtract Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 0.00%.

Xtract Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Xtract 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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Xtract Resources Effective Interest Rate on Debt % Chart

Xtract Resources Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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20.00

Xtract Resources Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	412.00	-

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

For the Gold subindustry, Xtract 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.

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

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

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

Xtract Resources Effective Interest Rate on Debt % Calculation

Xtract Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -0.01	/	( (0	+	0.05)	/ 1 )
=	-1 * -0.01	/	0.05
=	20.00 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.05
=	0.05

Xtract Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * 0	/	( (0.05	+	0.05)	/ 2 )
=	-1 * 0	/	0.05
=	0.00 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.05
=	0.05

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.05
=	0.05

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Xtract Resources (LSE:XTR) Effective Interest Rate on Debt % Explanation

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

Xtract Resources Effective Interest Rate on Debt % Related Terms

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Xtract Resources (LSE:XTR) Business Description

Industry

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

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Traded in Other Exchanges

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Address

7/8 Kendrick Mews, 1st Floor, South Kensington, London, GBR, SW7 3HG

Website

https://www.xtractresources.com

Xtract Resources PLC is a resource, development, & mining company focused on acquiring brownfield resource projects with a view to releasing value for its shareholders. It is currently focused on the Manica Gold Project & Manica Alluvials Project in Mozambique, Eureka Copper Project, and Kalengwa Processing Copper Project in Zambia. The company generates revenues from the sales of gold bars. Its operating segment includes the Operating gold mining segment in Mozambique, Mine Development in Mozambique, Exploration, Investment & other, and Alluvial Gold Mining Production. The majority of revenue is from the Alluvial Gold Mining Production segment.

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