Mamba Exploration (ASX:M24) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Mamba Exploration 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. Mamba Exploration's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.00 Mil. Mamba Exploration's average total debt for the quarter that ended in Dec. 2023 was A$0.04 Mil. Therefore, Mamba Exploration's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Mamba Exploration Effective Interest Rate on Debt % Historical Data

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

Mamba Exploration Annual Data

Trend

Sep20

Jun22

Jun23

Effective Interest Rate on Debt %

Mamba Exploration Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	-	-	-	-	-

Competitive Comparison of Mamba Exploration's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Mamba Exploration'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.

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

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

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

Mamba Exploration Effective Interest Rate on Debt % Calculation

Mamba Exploration'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	/	( (0.082	+	0.058)	/ 2 )
=	-1 * 0	/	0.07
=	0.00 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.027	+	0.055
=	0.082

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.009	+	0.049
=	0.058

Mamba Exploration'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	/	( (0.058	+	0.031)	/ 2 )
=	-1 * 0	/	0.0445
=	0.00 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.009	+	0.049
=	0.058

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.031
=	0.031

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.

Mamba Exploration (ASX:M24) Effective Interest Rate on Debt % Explanation

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

Mamba Exploration Effective Interest Rate on Debt % Related Terms

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Mamba Exploration (ASX:M24) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mamba Exploration Ltd (ASX:M24) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

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Address

25 Richardson Street, Level 2, Perth, WA, AUS, 6005

Website

https://www.mambaexploration.com.au

Mamba Exploration Ltd is engaged in the exploration of nickel, copper, and gold. The company operates in a single geographical segment, Australia. The company has focus on its mineral exploration assets in the Ashburton/Gascoyne, Kimberley, Darling Range, Hyden, and Great Southern regions of Western Australia. The projects in the Ashburton/Gascoyne and Hyden are prospective for Rare Earth Elements (REE) and gold, while the Great Southern are prospective for gold and the Kimberley and Darling Range are prospective for base metals such as copper, nickel, and manganese.

Mamba Exploration (ASX:M24) Headlines

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