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Anglo American (NAM:ANM) Effective Interest Rate on Debt % : 6.76% (As of Jun. 2024)


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What is Anglo American 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. Anglo American's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was R22,742 Mil. Anglo American's average total debt for the quarter that ended in Jun. 2024 was R336,570 Mil. Therefore, Anglo American's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 6.76%.

Anglo American Effective Interest Rate on Debt % Historical Data

The historical data trend for Anglo American'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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Anglo American Effective Interest Rate on Debt % Chart

Anglo American Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.79 4.65 3.40 3.94 6.55

Anglo American Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 3.43 4.39 5.51 7.05 6.76

Competitive Comparison of Anglo American's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Anglo American'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.

Anglo American's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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


Anglo American Effective Interest Rate on Debt % Calculation

Anglo American's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -18446.472/( (248227.2+315117.914)/ 2 )
=-1  *  -18446.472/281672.557
=6.55 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=223689.6 + 24537.6
=248227.2

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=282696.842 + 32421.072
=315117.914

Anglo American's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -22741.51/( (315117.914+358022.126)/ 2 )
=-1  *  -22741.51/336570.02
=6.76 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=282696.842 + 32421.072
=315117.914

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=317920.404 + 40101.722
=358022.126

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

Anglo American  (NAM:ANM) Effective Interest Rate on Debt % Explanation

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

Anglo American Effective Interest Rate on Debt % Related Terms

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Anglo American Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Anglo American PLC (NAM:ANM) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
LSE:GLEN LSE:ADT1 LSE:KMR LSE:GFM LSE:SOLG LSE:CAPD LSE:ECOR LSE:JLP LSE:KP2 LSE:PRE ASX:BHP ASX:RIO LSE:RIO SAU:1211 BSP:VALE3 MEX:GMEXICOB ASX:FMG BOM:500188 TSX:TECK.B BOM:500295
Traded in Other Exchanges
AGL:South Africa NGLOY:USA AAUKF:USA AGL:Mexico AALl:UK AAL:UK NGLB:Germany NGLB:Germany NGLD:Germany NGLB:Germany NGLD:Germany NGLB:Germany AAM:Switzerland ANGLO:Botswana
Address
17 Charterhouse Street, London, GBR, EC1N 6RA
Website
https://www.angloamerican.com
Anglo American's mining portfolio spans many commodities and continents. Like other large diversified miners, Anglo has significant exposure to copper, iron ore and metallurgical coal, but it is unique among the global majors given its significant platinum group metals and diamonds output. The company accounts for about one third of the world's platinum supply and around 30% of palladium supply. Anglo also owns 85% of De Beers, in most years the world's largest supplier and marketer of rough gem diamonds by value. Anglo also plans to move back into the crop nutrients business via its Woodsmith polyhalite project in the United Kingdom. In May 2024, Anglo announced that it will restructure to focus on copper, iron ore, and crop nutrients, while selling or spinning off its other businesses.

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