Deterra Royalties (ASX:DRR) Effective Interest Rate on Debt % : 904.01% (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Deterra Royalties 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. Deterra Royalties's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$3.3 Mil. Deterra Royalties's average total debt for the quarter that ended in Dec. 2023 was A$0.4 Mil. Therefore, Deterra Royalties's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 904.01%.

Deterra Royalties Effective Interest Rate on Debt % Historical Data

The historical data trend for Deterra Royalties'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.

* Premium members only.

Deterra Royalties Effective Interest Rate on Debt % Chart

Deterra Royalties Annual Data

Trend

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

80.39

383.54

1,149.77

Deterra Royalties Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			102.37	699.05	1,058.47	1,215.61	904.01

Competitive Comparison of Deterra Royalties's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Deterra Royalties'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.

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

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

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

Deterra Royalties Effective Interest Rate on Debt % Calculation

Deterra Royalties'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 * -2.495	/	( (0.248	+	0.186)	/ 2 )
=	-1 * -2.495	/	0.217
=	1,149.77 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.18	+	0.068
=	0.248

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.116	+	0.07
=	0.186

Deterra Royalties'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 * -3.268	/	( (0.186	+	0.537)	/ 2 )
=	-1 * -3.268	/	0.3615
=	904.01 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.116	+	0.07
=	0.186

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.45	+	0.087
=	0.537

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.

Deterra Royalties (ASX:DRR) Effective Interest Rate on Debt % Explanation

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

Deterra Royalties Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Deterra Royalties's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Deterra Royalties (ASX:DRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Deterra Royalties Ltd (ASX:DRR) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

DETRF:USA

Address

140 St Georges Terrace, Level 16, Perth, WA, AUS, 6000

Website

https://www.iluka.com

Deterra Royalties was spun out from Iluka Resources in October 2020 with Iluka retaining a 20% interest. Its only material income generating asset is a royalty covering iron ore produced by BHP from the Mining Area C royalty area, located in the Pilbara region of Western Australia. The royalty area includes the North Flank mine, producing approximately 60 million metric tons of iron ore a year, and the South Flank mine, expected to add a further 85 million metric tons a year by 2024 after producing first ore in 2021. The MAC royalty area also covers most of the Tandanya and Mudlark deposits, which BHP intends to develop in the longer term as part of its plan to operate the MAC production hub for at least 50 years. Deterra's strategy is to grow into a diversified royalty company.