Akobo Minerals AB (OSL:AKOBO) Effective Interest Rate on Debt % : 80.32% (As of Dec. 2024)

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What is Akobo Minerals AB 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. Akobo Minerals AB's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was kr206.27 Mil. Akobo Minerals AB's average total debt for the quarter that ended in Dec. 2024 was kr256.80 Mil. Therefore, Akobo Minerals AB's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 80.32%.

Akobo Minerals AB Effective Interest Rate on Debt % Historical Data

The historical data trend for Akobo Minerals AB'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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Akobo Minerals AB Effective Interest Rate on Debt % Chart

Akobo Minerals AB Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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59.27

5.65

138.85

78.90

Akobo Minerals AB Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial												14.47	115.42	38.35	54.57	80.32

Competitive Comparison of Akobo Minerals AB's Effective Interest Rate on Debt %

For the Gold subindustry, Akobo Minerals AB'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.

Akobo Minerals AB's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Akobo Minerals AB's Effective Interest Rate on Debt % falls into.

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Akobo Minerals AB Effective Interest Rate on Debt % Calculation

Akobo Minerals AB'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 * -138.293	/	( (62.918	+	287.656)	/ 2 )
=	-1 * -138.293	/	175.287
=	78.90 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	62.918
=	62.918

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	287.656	+	0
=	287.656

Akobo Minerals AB'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: Sep. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -206.268	/	( (225.938	+	287.656)	/ 2 )
=	-1 * -206.268	/	256.797
=	80.32 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	225.938	+	0
=	225.938

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	287.656	+	0
=	287.656

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 four times the quarterly (Dec. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Akobo Minerals AB (OSL:AKOBO) Effective Interest Rate on Debt % Explanation

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

Akobo Minerals AB Effective Interest Rate on Debt % Related Terms

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Akobo Minerals AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Akobo Minerals AB (OSL:AKOBO) » Definitions » Effective Interest Rate on Debt %

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Address

Sodra Allegatan 13, Gothenburg, SWE, 413 01

Website

https://www.akobominerals.com

Akobo Minerals AB is a Scandinavian gold exploration and mining company. The company focuses on developing the Segele gold deposit and the Joru gold deposit.

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