Northam Platinum (Northam Platinum) Effective Interest Rate on Debt % : 7.45% (As of Jun. 2021)

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What is Northam Platinum 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. Northam Platinum's annualized positive value of Interest Expense for the quarter that ended in Jun. 2021 was $44.68 Mil. Northam Platinum's average total debt for the quarter that ended in Jun. 2021 was $600.08 Mil. Therefore, Northam Platinum's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 was 7.45%.

Northam Platinum Effective Interest Rate on Debt % Historical Data

The historical data trend for Northam Platinum'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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Northam Platinum Effective Interest Rate on Debt % Chart

Northam Platinum Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Effective Interest Rate on Debt %

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8.20

2.17

4.13

10.02

9.58

Northam Platinum Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.54	6.47	11.17	7.94	7.45

Competitive Comparison of Northam Platinum's Effective Interest Rate on Debt %

For the Other Precious Metals & Mining subindustry, Northam Platinum'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.

Northam Platinum's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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

Northam Platinum Effective Interest Rate on Debt % Calculation

Northam Platinum's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2020 )	+	Total Debt (A: Jun. 2021 ))	/ count )
=	-1 * -43.003	/	( (335.471	+	562.31)	/ 2 )
=	-1 * -43.003	/	448.8905
=	9.58 %

where

	Total Debt (A: Jun. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	296.89	+	38.581
=	335.471

	Total Debt (A: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	292.008	+	270.302
=	562.31

Northam Platinum's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2020 )	+	Total Debt (Q: Jun. 2021 ))	/ count )
=	-1 * -44.68	/	( (637.842	+	562.31)	/ 2 )
=	-1 * -44.68	/	600.076
=	7.45 %

where

	Total Debt (Q: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	497.65	+	140.192
=	637.842

	Total Debt (Q: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	292.008	+	270.302
=	562.31

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. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Northam Platinum (OTCPK:NMPNY) Effective Interest Rate on Debt % Explanation

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

Northam Platinum Effective Interest Rate on Debt % Related Terms

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Northam Platinum (Northam Platinum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Northam Platinum Ltd (OTCPK:NMPNY) » Definitions » Effective Interest Rate on Debt %

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Address

Magwa Crescent West, Building 4, 1st Floor, Maxwell Office Park, Waterfall City, Jukskei View, Johannesburg, GT, ZAF, 2090

Website

https://www.northam.co.za

Northam Platinum Ltd is a producer of platinum group metals, which include platinum, palladium, and rhodium. Northam conducts operations across two main locations in South Africa, Zondereinde and Booysendal, where the mining, concentrating, smelting, and base metals recovery processes occur. The company then outsources its production for refining. The primary consumers of platinum, palladium, and rhodium are from the motor-manufacturing and jewellery industries. Northam sells metals in sponge or ingot form domestically and to overseas markets across Asia, Europe, and North America.

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