Andrada Mining (LSE:ATM) Effective Interest Rate on Debt % : 7.69% (As of Aug. 2023)

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What is Andrada Mining 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. Andrada Mining's annualized positive value of Interest Expense for the quarter that ended in Aug. 2023 was £0.62 Mil. Andrada Mining's average total debt for the quarter that ended in Aug. 2023 was £8.06 Mil. Therefore, Andrada Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 was 7.69%.

Andrada Mining Effective Interest Rate on Debt % Historical Data

The historical data trend for Andrada Mining'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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Andrada Mining Effective Interest Rate on Debt % Chart

Andrada Mining Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Effective Interest Rate on Debt %

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2.82

4.73

5.73

10.59

Andrada Mining Semi-Annual Data
	Feb15	Feb16	Feb17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial										14.81	5.51	5.06	11.73	7.69

Competitive Comparison of Andrada Mining's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Andrada Mining'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.

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

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

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

Andrada Mining Effective Interest Rate on Debt % Calculation

Andrada Mining's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2022 )	+	Total Debt (A: Feb. 2023 ))	/ count )
=	-1 * -0.67	/	( (5.48	+	7.178)	/ 2 )
=	-1 * -0.67	/	6.329
=	10.59 %

where

	Total Debt (A: Feb. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.263	+	1.217
=	5.48

	Total Debt (A: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.994	+	3.184
=	7.178

Andrada Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Feb. 2023 )	+	Total Debt (Q: Aug. 2023 ))	/ count )
=	-1 * -0.62	/	( (7.178	+	8.937)	/ 2 )
=	-1 * -0.62	/	8.0575
=	7.69 %

where

	Total Debt (Q: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.994	+	3.184
=	7.178

	Total Debt (Q: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.896	+	4.041
=	8.937

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

Andrada Mining (LSE:ATM) Effective Interest Rate on Debt % Explanation

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

Andrada Mining Effective Interest Rate on Debt % Related Terms

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Andrada Mining (LSE:ATM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Andrada Mining Ltd (LSE:ATM) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

9IA:Germany

Address

Oak House, Hirzel Street, P.O. Box 282, Saint Peter Port, GGY, GY1 3RH

Website

https://www.andradamining.com

Andrada Mining Ltd is a Guernsey-based mining company. The company's geographical segments include South Africa and Namibia. The company's project consists of the Uis Tin project and Mokopane Tin project. It derives a majority of its revenue from the Namibia region. The company's asset includes Lithium Ridge (Nai-Nais), Spodumene Hill, Brandberg West.

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