KGHM Polska Miedz (KGHM Polska Miedz) Effective Interest Rate on Debt % : 2.85% (As of Mar. 2024)

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What is KGHM Polska Miedz 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. KGHM Polska Miedz's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $44 Mil. KGHM Polska Miedz's average total debt for the quarter that ended in Mar. 2024 was $1,530 Mil. Therefore, KGHM Polska Miedz's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 2.85%.

KGHM Polska Miedz Effective Interest Rate on Debt % Historical Data

The historical data trend for KGHM Polska Miedz'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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KGHM Polska Miedz Effective Interest Rate on Debt % Chart

KGHM Polska Miedz Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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3.01

1.91

1.65

0.63

2.24

KGHM Polska Miedz Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															0.25	2.81	2.96	2.84	2.85

Competitive Comparison of KGHM Polska Miedz's Effective Interest Rate on Debt %

For the Copper subindustry, KGHM Polska Miedz'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.

KGHM Polska Miedz's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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

KGHM Polska Miedz Effective Interest Rate on Debt % Calculation

KGHM Polska Miedz'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 * -34.526	/	( (1635.683	+	1453.404)	/ 2 )
=	-1 * -34.526	/	1544.5435
=	2.24 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1325.2	+	310.483
=	1635.683

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1208.674	+	244.73
=	1453.404

KGHM Polska Miedz's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -43.664	/	( (1453.404	+	1606.488)	/ 2 )
=	-1 * -43.664	/	1529.946
=	2.85 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1208.674	+	244.73
=	1453.404

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1348.81	+	257.678
=	1606.488

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

KGHM Polska Miedz (OTCPK:KGHPF) Effective Interest Rate on Debt % Explanation

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

KGHM Polska Miedz Effective Interest Rate on Debt % Related Terms

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KGHM Polska Miedz (KGHM Polska Miedz) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » KGHM Polska Miedz SA (OTCPK:KGHPF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

KGH:Poland 0O8D:UK KGHA:Germany KGHA:Germany KGH:Czech Republic

Address

48 M.Sklodowskiej-Curie Street, Lubin, POL, 59-301

Website

https://www.kghm.com

KGHM Polska Miedz SA engages in copper ore mining and copper production primarily in South-Western Poland. The company also produces precious metals such as silver, which is typically used for coins, jewellery, photography products and industrial purposes. The bulk of group revenue is generated through copper sales, and the remainder is primarily through sales of silver, while a minor portion is generated through the production of gold, salt and casting of light metals. The materials are sold domestically, and exported to Germany, China, the U.S., the United Kingdom and the Czech Republic, among many other European nations. KGHM Polska Miedz SA is also involved in construction and engineering, through its wholly owned subsidiary Bipromet SA.