PILBF (Pilbara Minerals) Effective Interest Rate on Debt % : 4.47% (As of Jun. 2024)

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What is Pilbara Minerals 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. Pilbara Minerals's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $17 Mil. Pilbara Minerals's average total debt for the quarter that ended in Jun. 2024 was $378 Mil. Therefore, Pilbara Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 4.47%.

Pilbara Minerals Effective Interest Rate on Debt % Historical Data

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

Pilbara Minerals Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

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16.24

16.45

22.12

6.20

17.73

Pilbara Minerals 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															1.74	12.31	2.41	30.00	4.47

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

For the Other Industrial Metals & Mining subindustry, Pilbara Minerals'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.

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

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

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

Pilbara Minerals Effective Interest Rate on Debt % Calculation

Pilbara Minerals's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2023 )	+	Total Debt (A: Jun. 2024 ))	/ count )
=	-1 * -60.782	/	( (316.745	+	369.02)	/ 2 )
=	-1 * -60.782	/	342.8825
=	17.73 %

where

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	233.301	+	83.444
=	316.745

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	278.865	+	90.155
=	369.02

Pilbara Minerals'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 * -16.906	/	( (386.623	+	369.02)	/ 2 )
=	-1 * -16.906	/	377.8215
=	4.47 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	297.732	+	88.891
=	386.623

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	278.865	+	90.155
=	369.02

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.

Pilbara Minerals (OTCPK:PILBF) Effective Interest Rate on Debt % Explanation

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

Pilbara Minerals Effective Interest Rate on Debt % Related Terms

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Pilbara Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pilbara Minerals Ltd (OTCPK:PILBF) » Definitions » Effective Interest Rate on Debt %

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PLR:Germany PLS:Australia

Address

146 Colin Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.pilbaraminerals.com.au

Pilbara Minerals Ltd is an industrial metals and materials company. The business is engaged in the exploration, development, and operation of the Pilgangoora Project. Pilbara Minerals has one business segment, Mining, that is engaged in mineral exploration, evaluation, and development of various mineral resources. The company generates the vast majority of its revenue in Australia. The company's primary property is the Pilgangoora Lithium-Tantalum Project in the Pilbara region of Western Australia.