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Caspin Resources (ASX:CPN) Effective Interest Rate on Debt % : 1.88% (As of Dec. 2023)


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What is Caspin 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. Caspin Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.00 Mil. Caspin Resources's average total debt for the quarter that ended in Dec. 2023 was A$0.11 Mil. Therefore, Caspin Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 1.88%.

Caspin Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Caspin 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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Caspin Resources Effective Interest Rate on Debt % Chart

Caspin Resources Annual Data
Trend Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
- 0.50 4.27

Caspin Resources Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial 0.84 0.91 1.09 8.25 1.88

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

For the Other Industrial Metals & Mining subindustry, Caspin 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.

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

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

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


Caspin Resources Effective Interest Rate on Debt % Calculation

Caspin Resources'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  *  -0.007/( (0.202+0.126)/ 2 )
=-1  *  -0.007/0.164
=4.27 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.126 + 0.076
=0.202

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.054 + 0.072
=0.126

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -0.002/( (0.126+0.087)/ 2 )
=-1  *  -0.002/0.1065
=1.88 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.054 + 0.072
=0.126

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.007 + 0.08
=0.087

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

Caspin Resources  (ASX:CPN) Effective Interest Rate on Debt % Explanation

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

Caspin Resources Effective Interest Rate on Debt % Related Terms

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Caspin Resources (ASX:CPN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Caspin Resources Ltd (ASX:CPN) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
ASX:CBE ASX:FRB ASX:LGM ASX:EMC ASX:CUF ASX:ANX ASX:CAZ ASX:EVG ASX:IMI ASX:CHW ASX:BHP ASX:RIO LSE:RIO LSE:GLEN BSP:VALE3 ASX:FMG SAU:1211 LSE:AAL GMEXICOB MIC:GMKN
Traded in Other Exchanges
N/A
Address
675 Murray Street, Ground Floor, West Perth, Perth, WA, AUS, 6005
Website
https://www.caspin.com.au
Caspin Resources Ltd is a mining company engaged in mineral exploration and assessment of mineral projects. The company operates geographically in Australia. Its projects include Mount Squires Gold Project; and Yarawindah Brook Project which is focused on nickel, copper, cobalt, and gold mining.

Caspin Resources (ASX:CPN) Headlines

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