RMGGY (Resolute Mining) Effective Interest Rate on Debt % : 14.44% (As of Dec. 2024)

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What is Resolute Mining 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. Resolute Mining's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $7.4 Mil. Resolute Mining's average total debt for the quarter that ended in Dec. 2024 was $51.3 Mil. Therefore, Resolute Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 14.44%.

Resolute Mining Effective Interest Rate on Debt % Historical Data

The historical data trend for Resolute Mining'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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Resolute Mining Effective Interest Rate on Debt % Chart

Resolute Mining Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

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4.64

4.83

8.87

12.07

13.94

Resolute Mining Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															10.87	13.10	9.92	14.60	14.44

Competitive Comparison of Resolute Mining's Effective Interest Rate on Debt %

For the Gold subindustry, Resolute Mining'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.

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

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

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

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Resolute Mining Effective Interest Rate on Debt % Calculation

Resolute Mining'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 * -8.915	/	( (84.109	+	43.794)	/ 2 )
=	-1 * -8.915	/	63.9515
=	13.94 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.625	+	74.484
=	84.109

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.235	+	37.559
=	43.794

Resolute Mining'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: Jun. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -7.402	/	( (58.728	+	43.794)	/ 2 )
=	-1 * -7.402	/	51.261
=	14.44 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.859	+	50.869
=	58.728

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.235	+	37.559
=	43.794

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

Resolute Mining (OTCPK:RMGGY) Effective Interest Rate on Debt % Explanation

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

Resolute Mining Effective Interest Rate on Debt % Related Terms

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Resolute Mining Business Description

Industry

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

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Traded in Other Exchanges

RMGGF:USA RSG:UK RSM:Germany RSG:Australia

Address

2 The Esplanade, Level 17, Perth, WA, AUS, 6000

Website

https://www.rml.com.au

Resolute Mining Ltd is an Australia-based gold producer. Its principal activities include gold mining, prospecting, and exploration of minerals. The company organizes its operations into business divisions, namely Mako (Senegal), and Syama (Mali). It generates the majority of its revenue from the Syama (Mali) segment. Syama is a robust, long-life asset comprising an underground mine and associated sulfide processing circuit, along with satellite open pit operations that provide ore feed to a separate oxide processing circuit. Mako is a high-quality, open-pit gold mine.