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VRDR (Verde Resources) Effective Interest Rate on Debt % : 7.22% (As of Dec. 2024)


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What is Verde 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. Verde Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $0.02 Mil. Verde Resources's average total debt for the quarter that ended in Dec. 2024 was $0.33 Mil. Therefore, Verde Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 7.22%.


Verde Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Verde 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.

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Verde Resources Effective Interest Rate on Debt % Chart

Verde Resources Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.48 11.08 19.03 14.36

Verde Resources Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 11.78 11.68 14.72 61.30 7.22

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

For the Agricultural Inputs subindustry, Verde 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.


Verde Resources's Effective Interest Rate on Debt % Distribution in the Agriculture Industry

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

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


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Verde Resources Effective Interest Rate on Debt % Calculation

Verde Resources'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  *  -0.176/( (1.51+0.941)/ 2 )
=-1  *  -0.176/1.2255
=14.36 %

where

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.126 + 0.384
=1.51

Total Debt  (A: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.091 + 0.85
=0.941

Verde Resources'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  *  -0.024/( (0.338+0.327)/ 2 )
=-1  *  -0.024/0.3325
=7.22 %

where

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.08 + 0.258
=0.338

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.075 + 0.252
=0.327

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


Verde Resources  (OTCPK:VRDR) Effective Interest Rate on Debt % Explanation

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


Verde Resources Effective Interest Rate on Debt % Related Terms

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Verde Resources Business Description

Industry
Traded in Other Exchanges
N/A
Address
8112 Maryland Avenue, Suite 400, St. Louis, MO, USA, 63105
Verde Resources Inc is a US-based company. The company currently is engaged in the production and distribution of renewable commodities, distribution of THC-free cannabinoid (CBD) products, and real property holding. The company has three operating segments, Production and distribution of renewable commodities; Holding of real property; and Licensor of proprietary pyrolysis technology. It generates the majority of its revenue from the Production and distribution of renewable commodities segment.
Executives
Oil Berhad Borneo 10 percent owner 1ST AND 2ND FLOOR, VICTORIA POINT,, JALAN OKK AWANG BESAR, W. P. LABUAN N8 87007
Borneo Oil & Gas Corp Sdn Bhd 10 percent owner 17TH FLOOR, MENARA HAP SENG, NO. 1 & 3, JALAN P. RAMLEE, KUALA LUMPUR N8 50250
Ming Ding Wu director, 10 percent owner, officer: President UNIT 1503, 15/F, THE PHOENIX, 21-25 LUARD ROAD, WANCHAI, HONG KONG K3 00000
All Fine Holdings Ltd 10 percent owner UNIT 1503, 15/F., THE PHOENIX, 21-25 LUARD ROAD, WANCHAI, HONG KONG K3 00000
Michael Stiege director, 10 percent owner 905 VENTURE WAY, MILL VALLEY CA 94941
Stephen Spalding director, 10 percent owner, officer: Pres., CEO, Tres., Sec. 905 VENTURE WAY, MILL VALLEY CA 94941
Kukulcan Diversified Corp. 10 percent owner PO BOX 1405, LOS ALTOS CA 94023