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Sociedad Minera Cerro VerdeA (Sociedad Minera Cerro VerdeA) Effective Interest Rate on Debt % : 129.12% (As of Dec. 2023)


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What is Sociedad Minera Cerro VerdeA 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. Sociedad Minera Cerro VerdeA's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $79 Mil. Sociedad Minera Cerro VerdeA's average total debt for the quarter that ended in Dec. 2023 was $61 Mil. Therefore, Sociedad Minera Cerro VerdeA's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 129.12%.


Sociedad Minera Cerro VerdeA Effective Interest Rate on Debt % Historical Data

The historical data trend for Sociedad Minera Cerro VerdeA'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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Sociedad Minera Cerro VerdeA Effective Interest Rate on Debt % Chart

Sociedad Minera Cerro VerdeA Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.79 9.02 5.71 4.28 129.12

Sociedad Minera Cerro VerdeA Semi-Annual Data
Dec05 Dec06 Dec07 Dec08 Dec09 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.79 9.02 5.71 4.28 129.12

Competitive Comparison of Sociedad Minera Cerro VerdeA's Effective Interest Rate on Debt %

For the Copper subindustry, Sociedad Minera Cerro VerdeA'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.


Sociedad Minera Cerro VerdeA's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Sociedad Minera Cerro VerdeA's Effective Interest Rate on Debt % falls into.



Sociedad Minera Cerro VerdeA Effective Interest Rate on Debt % Calculation

Sociedad Minera Cerro VerdeA'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  *  -79.228/( (63.125+59.592)/ 2 )
=-1  *  -79.228/61.3585
=129.12 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=56.097 + 7.028
=63.125

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=49.683 + 9.909
=59.592

Sociedad Minera Cerro VerdeA'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: Dec. 2022 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -79.228/( (63.125+59.592)/ 2 )
=-1  *  -79.228/61.3585
=129.12 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=56.097 + 7.028
=63.125

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=49.683 + 9.909
=59.592

* 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.

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


Sociedad Minera Cerro VerdeA  (OTCPK:SMRAF) Effective Interest Rate on Debt % Explanation

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


Sociedad Minera Cerro VerdeA Effective Interest Rate on Debt % Related Terms

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Sociedad Minera Cerro VerdeA (Sociedad Minera Cerro VerdeA) Business Description

Traded in Other Exchanges
Address
Avenue Alfonso Ugarte 304, Arequipa, PER
Sociedad Minera Cerro Verde SAA is involved in the exploration, extraction, production and sale of copper from deposits located in the southwest of the Arequipa city.

Sociedad Minera Cerro VerdeA (Sociedad Minera Cerro VerdeA) Headlines

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