GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Stanmore Resources Ltd (OTCPK:STMRF) » Definitions » Effective Interest Rate on Debt %

STMRF (Stanmore Resources) Effective Interest Rate on Debt % : 8.13% (As of Jun. 2024)


View and export this data going back to 2016. Start your Free Trial

What is Stanmore Resources 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. Stanmore Resources's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $59 Mil. Stanmore Resources's average total debt for the quarter that ended in Jun. 2024 was $728 Mil. Therefore, Stanmore Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 8.13%.

Stanmore Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Stanmore Resources'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.

* Premium members only.

Stanmore Resources Effective Interest Rate on Debt % Chart

Stanmore Resources Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 64.60 29.06 17.32 9.77

Stanmore Resources 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 11.73 13.75 9.86 12.08 8.13

Competitive Comparison of Stanmore Resources's Effective Interest Rate on Debt %

For the Coking Coal subindustry, Stanmore Resources'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.

Stanmore Resources's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Stanmore Resources's Effective Interest Rate on Debt % distribution charts can be found below:

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


Stanmore Resources Effective Interest Rate on Debt % Calculation

Stanmore Resources'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  *  -80.1/( (864.2+775.7)/ 2 )
=-1  *  -80.1/819.95
=9.77 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=511.6 + 352.6
=864.2

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=503.9 + 271.8
=775.7

Stanmore Resources'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  *  -59.2/( (775.7+680.6)/ 2 )
=-1  *  -59.2/728.15
=8.13 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=503.9 + 271.8
=775.7

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=486.5 + 194.1
=680.6

* 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.

Stanmore Resources  (OTCPK:STMRF) Effective Interest Rate on Debt % Explanation

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

Stanmore Resources Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Stanmore Resources's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Stanmore Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Stanmore Resources Ltd (OTCPK:STMRF) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
ASX:CRN ASX:BCB ASX:BRL ASX:CKA ASX:TIG ASX:VMM ASX:AKM ASX:AJL ASX:JAL ASX:AVM SZSE:000723 AMR ARCH MIC:RASP HCC SHSE:600740 HKSE:00639 SHSE:600997 WAR:JSW SHSE:601011
Traded in Other Exchanges
S0D:Germany SMR:Australia
Address
12 Creek Street, Level 32, Brisbane, QLD, AUS, 4000
Website
https://www.stanmore.au
Stanmore Resources Ltd is an Australian resources company that is engaged in the exploration, development, production and sale of metallurgical coal in Queensland, Australia with operations and exploration projects in the Bowen and Surat Basins. Its foundation asset is the Isaac Plains Complex which comprises current open-cut operations at Isaac Plains East and the Isaac Downs Open Cut, as well as the Isaac Plains Underground development project.