Bannerman Energy (NAM:BMN) Effective Interest Rate on Debt % : 42.18% (As of Dec. 2023)

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What is Bannerman Energy 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. Bannerman Energy's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was R0.12 Mil. Bannerman Energy's average total debt for the quarter that ended in Dec. 2023 was R0.29 Mil. Therefore, Bannerman Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 42.18%.

Bannerman Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for Bannerman Energy'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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Bannerman Energy Effective Interest Rate on Debt % Chart

Bannerman Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Effective Interest Rate on Debt %

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12.04

51.15

39.58

Bannerman Energy 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															40.00	62.92	8.91	44.84	42.18

Competitive Comparison of Bannerman Energy's Effective Interest Rate on Debt %

For the Uranium subindustry, Bannerman Energy'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.

Bannerman Energy's Effective Interest Rate on Debt % Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Bannerman Energy's Effective Interest Rate on Debt % distribution charts can be found below:

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

Bannerman Energy Effective Interest Rate on Debt % Calculation

Bannerman Energy'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 * -0.075	/	( (0.178	+	0.201)	/ 2 )
=	-1 * -0.075	/	0.1895
=	39.58 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.178
=	0.178

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.201
=	0.201

Bannerman Energy'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 * -0.124	/	( (0.201	+	0.387)	/ 2 )
=	-1 * -0.124	/	0.294
=	42.18 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.201
=	0.201

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.387
=	0.387

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.

Bannerman Energy (NAM:BMN) Effective Interest Rate on Debt % Explanation

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

Bannerman Energy Effective Interest Rate on Debt % Related Terms

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Bannerman Energy (NAM:BMN) Business Description

Industry

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BNNLF:USA BH6:Germany BMN:Australia

Address

245 Churchill Avenue, Suite 7, Subiaco, WA, AUS, 6008

Website

https://www.bannermanenergy.com

Bannerman Energy Ltd is an operator of a uranium exploration company intended to be the next generation of uranium suppliers. As part of a Definitive Feasibility Study (DFS), the company plans to develop large open-pit uranium operations, as well as establish Environmental, Social, and Governance (ESG), which will enable best-practice governance across all aspects of the operation.

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