Tombador Iron (ASX:TI1) Effective Interest Rate on Debt % : 28.85% (As of Jun. 2023)

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What is Tombador Iron 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. Tombador Iron's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was A$2.85 Mil. Tombador Iron's average total debt for the quarter that ended in Jun. 2023 was A$9.89 Mil. Therefore, Tombador Iron's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 28.85%.

Tombador Iron Effective Interest Rate on Debt % Historical Data

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

Tombador Iron Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Effective Interest Rate on Debt %

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8.42

13.01

15.65

12.79

2.19

Tombador Iron 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															2.58	9.52	-0.48	3.59	28.85

Competitive Comparison of Tombador Iron's Effective Interest Rate on Debt %

For the Steel subindustry, Tombador Iron'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.

Tombador Iron's Effective Interest Rate on Debt % Distribution in the Steel Industry

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

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

Tombador Iron Effective Interest Rate on Debt % Calculation

Tombador Iron's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2020 )	+	Total Debt (A: Jun. 2021 ))	/ count )
=	-1 * -0.111	/	( (0	+	5.061)	/ 1 )
=	-1 * -0.111	/	5.061
=	2.19 %

where

	Total Debt (A: Jun. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.993	+	1.068
=	5.061

Tombador Iron'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 * -2.854	/	( (9.329	+	10.456)	/ 2 )
=	-1 * -2.854	/	9.8925
=	28.85 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.357	+	2.972
=	9.329

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.305	+	4.151
=	10.456

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.

Tombador Iron (ASX:TI1) Effective Interest Rate on Debt % Explanation

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

Tombador Iron Effective Interest Rate on Debt % Related Terms

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Tombador Iron (ASX:TI1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tombador Iron Ltd (ASX:TI1) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

85 Forrest Street, Suite 5, Cottesloe, WA, AUS, 6011

Website

https://www.tombadoriron.com

Tombador Iron Ltd is an iron ore mining company in Brazil. The company owns the Tombador iron ore project in Bahia State, Brazil. The company segment includes The Corporate segment in Australia (Tombador Iron Limited), The Corporate segment in Singapore e (Tombador Iron Singapore Pte Limited) and Tombador Iron Ore Project in Brazil.

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