Allkem (TSX:AKE) Effective Interest Rate on Debt % : 6.10% (As of Jun. 2023)

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What is Allkem 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. Allkem's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was C$27 Mil. Allkem's average total debt for the quarter that ended in Jun. 2023 was C$449 Mil. Therefore, Allkem's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 6.10%.

Allkem Effective Interest Rate on Debt % Historical Data

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

Allkem Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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7.93

8.18

6.65

4.51

5.48

Allkem Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.99	5.52	3.11	4.80	6.10

Competitive Comparison of Allkem's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Allkem'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.

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

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

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

Allkem Effective Interest Rate on Debt % Calculation

Allkem's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -24.545	/	( (461.067	+	435.145)	/ 2 )
=	-1 * -24.545	/	448.106
=	5.48 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	399.901	+	61.166
=	461.067

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	360.945	+	74.2
=	435.145

Allkem's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -27.394	/	( (462.923	+	435.145)	/ 2 )
=	-1 * -27.394	/	449.034
=	6.10 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	400.85	+	62.073
=	462.923

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	360.945	+	74.2
=	435.145

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Allkem (TSX:AKE) Effective Interest Rate on Debt % Explanation

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

Allkem Effective Interest Rate on Debt % Related Terms

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Allkem (TSX:AKE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Allkem Ltd (TSX:AKE) » Definitions » Effective Interest Rate on Debt %

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Address

71 Eagle Street, Level 35, Riparian Plaza, Brisbane, QLD, AUS, 4000

Website

https://www.orocobre.com

Allkem Ltd formerly Orocobre Ltd is an industrial chemical and mineral exploration company. It explores and develops lithium, potash, and salar mineral deposits. The company's segments are Corporate, Borax, Olaroz, Mt Cattlin, James Bay, and Sal De Vida projects. The majority of the company's revenue is derived from the Mt Cattlin segment. Its products are classified into minerals, refined products and boric acid used in various markets from agriculture, ceramics, glass, gold assay and smelting fluxes, wood protection, and a variety of specialty applications. The Group operates in Argentina and Australia.

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