PT Vale Indonesia Tbk (ISX:INCO) Effective Interest Rate on Debt % : 241.09% (As of Dec. 2023)

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What is PT Vale Indonesia Tbk 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. PT Vale Indonesia Tbk's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was Rp331,197 Mil. PT Vale Indonesia Tbk's average total debt for the quarter that ended in Dec. 2023 was Rp137,373 Mil. Therefore, PT Vale Indonesia Tbk's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 241.09%.

PT Vale Indonesia Tbk Effective Interest Rate on Debt % Historical Data

The historical data trend for PT Vale Indonesia Tbk'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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PT Vale Indonesia Tbk Effective Interest Rate on Debt % Chart

PT Vale Indonesia Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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8.54

275.26

114.40

76.07

96.02

PT Vale Indonesia Tbk Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															153.57	31.77	42.92	30.99	241.09

Competitive Comparison of PT Vale Indonesia Tbk's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, PT Vale Indonesia Tbk'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.

PT Vale Indonesia Tbk's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where PT Vale Indonesia Tbk's Effective Interest Rate on Debt % falls into.

PT Vale Indonesia Tbk Effective Interest Rate on Debt % Calculation

PT Vale Indonesia Tbk'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 * -107110.318	/	( (90201.624	+	132901.274)	/ 2 )
=	-1 * -107110.318	/	111551.449
=	96.02 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	61634.106	+	28567.518
=	90201.624

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	47450.426	+	85450.848
=	132901.274

PT Vale Indonesia Tbk'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: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -331197.192	/	( (141845.513	+	132901.274)	/ 2 )
=	-1 * -331197.192	/	137373.3935
=	241.09 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	49263.99	+	92581.523
=	141845.513

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	47450.426	+	85450.848
=	132901.274

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 four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

PT Vale Indonesia Tbk (ISX:INCO) Effective Interest Rate on Debt % Explanation

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

PT Vale Indonesia Tbk Effective Interest Rate on Debt % Related Terms

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PT Vale Indonesia Tbk (ISX:INCO) Business Description

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Address

Jalan Jenderal Sudirman Kav. 71, Sequis Tower, Lantai 20, Unit 6 and 7, Jakarta, IDN, 12190

Website

https://www.vale.com

PT Vale Indonesia Tbk is primarily engaged in nickel mining and processing in Indonesia. The company produces nickel in matte from lateritic ores at its integrated mining and processing facilities near Sorowako, Indonesia. The finished nickel product represents what is known in the industry as "primary nickel," meaning nickel produced principally from nickel ores, as opposed to "secondary" nickel, which is recovered from recycled metal which contains nickel. The majority of global nickel is used for stainless steel production.

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