Widgie Nickel (ASX:WIN) Effective Interest Rate on Debt % : 4.20% (As of Dec. 2023)

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What is Widgie Nickel 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. Widgie Nickel's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.01 Mil. Widgie Nickel's average total debt for the quarter that ended in Dec. 2023 was A$0.24 Mil. Therefore, Widgie Nickel's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.20%.

Widgie Nickel Effective Interest Rate on Debt % Historical Data

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

Widgie Nickel Annual Data

Trend

Jun23

Effective Interest Rate on Debt %

5.04

Widgie Nickel Semi-Annual Data
	Dec20	Dec21	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	-	2.30	6.29	5.03	4.20

Competitive Comparison of Widgie Nickel's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Widgie Nickel'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.

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

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

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

Widgie Nickel Effective Interest Rate on Debt % Calculation

Widgie Nickel'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: . 20 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 *	/	( (	+	)	/ )
=	-1 *	/
=	%

where

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

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

Widgie Nickel'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 * -0.01	/	( (0.278	+	0.198)	/ 2 )
=	-1 * -0.01	/	0.238
=	4.20 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.111	+	0.167
=	0.278

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.037	+	0.161
=	0.198

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.

Widgie Nickel (ASX:WIN) Effective Interest Rate on Debt % Explanation

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

Widgie Nickel Effective Interest Rate on Debt % Related Terms

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Widgie Nickel (ASX:WIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Widgie Nickel Ltd (ASX:WIN) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

WDGNF:USA

Address

220 St Georges Terrace, Level 4, Perth, WA, AUS, 6000

Website

https://www.widgienickel.com.au

Widgie Nickel Ltd is a nickel exploration and development company. Its projects include Widgie South, Widgie North, Widgie West, and Lake Eaton-Mt Eaton. The company operates in given segments comprised of exploration and development activities over the Mt Edwards Project. It operates in a single geographical area which is Australia.

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