Wiluna Mining (ASX:WMC) Effective Interest Rate on Debt % : 2.35% (As of Jun. 2022)

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What is Wiluna Mining 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. Wiluna Mining's annualized positive value of Interest Expense for the quarter that ended in Jun. 2022 was A$1.87 Mil. Wiluna Mining's average total debt for the quarter that ended in Jun. 2022 was A$79.52 Mil. Therefore, Wiluna Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2022 was 2.35%.

Wiluna Mining Effective Interest Rate on Debt % Historical Data

The historical data trend for Wiluna Mining'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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Wiluna Mining Effective Interest Rate on Debt % Chart

Wiluna Mining Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Effective Interest Rate on Debt %

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12.47

40.25

63.67

6.65

2.96

Wiluna Mining Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															32.22	15.95	6.27	2.88	2.35

Competitive Comparison of Wiluna Mining's Effective Interest Rate on Debt %

For the Gold subindustry, Wiluna Mining'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.

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

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

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

Wiluna Mining Effective Interest Rate on Debt % Calculation

Wiluna Mining's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2021 )	+	Total Debt (A: Jun. 2022 ))	/ count )
=	-1 * -2.01	/	( (62.88	+	72.804)	/ 2 )
=	-1 * -2.01	/	67.842
=	2.96 %

where

	Total Debt (A: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	50.691	+	12.189
=	62.88

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.36	+	58.444
=	72.804

Wiluna Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2021 )	+	Total Debt (Q: Jun. 2022 ))	/ count )
=	-1 * -1.872	/	( (86.231	+	72.804)	/ 2 )
=	-1 * -1.872	/	79.5175
=	2.35 %

where

	Total Debt (Q: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	66.817	+	19.414
=	86.231

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.36	+	58.444
=	72.804

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. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Wiluna Mining (ASX:WMC) Effective Interest Rate on Debt % Explanation

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

Wiluna Mining Effective Interest Rate on Debt % Related Terms

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Wiluna Mining (ASX:WMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wiluna Mining Corp Ltd (ASX:WMC) » Definitions » Effective Interest Rate on Debt %

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Address

643 Murray Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.wilunamining.com.au

Wiluna Mining Corp Ltd is a Perth-based gold mining company that controls over 1,600 square kilometers of the Yilgarn Craton in the Northern Goldfields of WA. The principal activities of the company are the production of gold from the Wiluna Gold Operation; and gold exploration and development. Its project portfolio includes Wiluna, Regent, Lake Way, and Matilda.