IRC (FRA:2I8) Effective Interest Rate on Debt % : 12.44% (As of Dec. 2023)

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What is IRC 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. IRC's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was €8.0 Mil. IRC's average total debt for the quarter that ended in Dec. 2023 was €64.5 Mil. Therefore, IRC's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 12.44%.

IRC Effective Interest Rate on Debt % Historical Data

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

IRC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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15.48

7.97

8.57

9.11

11.87

IRC Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.32	7.79	9.47	11.53	12.44

Competitive Comparison of IRC's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, IRC'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.

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

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

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

IRC Effective Interest Rate on Debt % Calculation

IRC's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -8.052	/	( (73.867	+	61.786)	/ 2 )
=	-1 * -8.052	/	67.8265
=	11.87 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	63.551	+	10.316
=	73.867

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	45.349	+	16.437
=	61.786

IRC'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 * -8.024	/	( (67.216	+	61.786)	/ 2 )
=	-1 * -8.024	/	64.501
=	12.44 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	53.881	+	13.335
=	67.216

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	45.349	+	16.437
=	61.786

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.

IRC (FRA:2I8) Effective Interest Rate on Debt % Explanation

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

IRC Effective Interest Rate on Debt % Related Terms

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IRC (FRA:2I8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » IRC Ltd (FRA:2I8) » Definitions » Effective Interest Rate on Debt %

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01029:Hong Kong

Address

6H, 9 Queen’s Road Central, Central District, Hong Kong Special Administrative Region, of the People’s Republic of China, Hong Kong, HKG

Website

http://www.ircgroup.com.hk

IRC Ltd operates as an investment holding company, which is engaged in the production and development of iron ore. Its business activity of the firm is operated through various segments namely Mines in Production, Mines in Development, Engineering, and Others. The Mines in Production segment consists of projects in the production phase; the Mines in Development segment includes the exploration and development phase of the iron ore projects; the Engineering segment is engaged in the in-house engineering and scientific expertise related to Giproruda; the Other segment is mainly engaged in the production of vanadium pentoxides and related products. It has a geographical business presence in the region of the People's Republic of China and Russia, and the majority revenue comes from PRC.

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