Bowen Coking Coal (ASX:BCB) Effective Interest Rate on Debt % : 26.35% (As of Dec. 2023)

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What is Bowen Coking Coal 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. Bowen Coking Coal's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$41.2 Mil. Bowen Coking Coal's average total debt for the quarter that ended in Dec. 2023 was A$156.3 Mil. Therefore, Bowen Coking Coal's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 26.35%.

Bowen Coking Coal Effective Interest Rate on Debt % Historical Data

The historical data trend for Bowen Coking Coal'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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Bowen Coking Coal Effective Interest Rate on Debt % Chart

Bowen Coking Coal Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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3.08

3.44

24.96

Bowen Coking Coal 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															-	-	19.61	18.41	26.35

Competitive Comparison of Bowen Coking Coal's Effective Interest Rate on Debt %

For the Coking Coal subindustry, Bowen Coking Coal'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.

Bowen Coking Coal's Effective Interest Rate on Debt % Distribution in the Steel Industry

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

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

Bowen Coking Coal Effective Interest Rate on Debt % Calculation

Bowen Coking Coal'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: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -25.051	/	( (41.471	+	159.274)	/ 2 )
=	-1 * -25.051	/	100.3725
=	24.96 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	32.69	+	8.781
=	41.471

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28.302	+	130.972
=	159.274

Bowen Coking Coal'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 * -41.178	/	( (159.274	+	153.234)	/ 2 )
=	-1 * -41.178	/	156.254
=	26.35 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	28.302	+	130.972
=	159.274

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	127.148	+	26.086
=	153.234

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.

Bowen Coking Coal (ASX:BCB) Effective Interest Rate on Debt % Explanation

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

Bowen Coking Coal Effective Interest Rate on Debt % Related Terms

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Bowen Coking Coal (ASX:BCB) Business Description

Industry

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Traded in Other Exchanges

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Address

167 Eagle Street, Level 4, Brisbane, QLD, AUS, 4000

Website

https://www.bowencokingcoal.com.au

Bowen Coking Coal Ltd is a coking coal exploration company. The firm holds the Broadmeadow East, Hillalong, Isaac River, Cooroorah, and Comet Ridge Coking Coal Projects, Bluff Mine, located in the Bowen Basin in Queensland, Australia. Also, BCB is a joint venture partner in the Lilyvale (15% interest) and Mackenzie (5% interest) Coking Coal Projects. The Group operates in one geographical location being Australia and its operations are organized into two business units being the exploration and development of coal and mining and sale of coal.

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