Coronado Global Resources (ASX:CRN) Effective Interest Rate on Debt % : 18.34% (As of Dec. 2023)

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What is Coronado Global Resources 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. Coronado Global Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$83 Mil. Coronado Global Resources's average total debt for the quarter that ended in Dec. 2023 was A$455 Mil. Therefore, Coronado Global Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 18.34%.

Coronado Global Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Coronado Global Resources'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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Coronado Global Resources Effective Interest Rate on Debt % Chart

Coronado Global Resources Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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18.26

12.41

20.49

24.17

19.77

Coronado Global Resources Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						22.98	21.97	23.38	21.20	18.34

Competitive Comparison of Coronado Global Resources's Effective Interest Rate on Debt %

For the Coking Coal subindustry, Coronado Global Resources'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.

Coronado Global Resources's Effective Interest Rate on Debt % Distribution in the Steel Industry

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

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

Coronado Global Resources Effective Interest Rate on Debt % Calculation

Coronado Global Resources'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 * -84.786	/	( (379.757	+	477.951)	/ 2 )
=	-1 * -84.786	/	428.854
=	19.77 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	368.316	+	11.441
=	379.757

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	443.77	+	34.181
=	477.951

Coronado Global Resources'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 * -83.384	/	( (431.273	+	477.951)	/ 2 )
=	-1 * -83.384	/	454.612
=	18.34 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	405.937	+	25.336
=	431.273

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	443.77	+	34.181
=	477.951

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.

Coronado Global Resources (ASX:CRN) Effective Interest Rate on Debt % Explanation

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

Coronado Global Resources Effective Interest Rate on Debt % Related Terms

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Coronado Global Resources (ASX:CRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Coronado Global Resources Inc (ASX:CRN) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

CODQL:USA 0QE:Germany

Address

345 Queen Street, Level 33, Central Plaza One, Brisbane, QLD, AUS, 4000

Website

https://www.coronadoglobal.com

Coronado Global Resources Inc is a producer of high-quality metallurgical coal, an essential element in the production of steel. Its geographical segment includes Australia and the United States. It derives the majority of its revenue from Australia. The Company's mining operations and development projects are located in Queensland, Australia, Pennsylvania, Virginia, and West Virginia in the United States.

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