Bens Creek Group (STU:6RX) Effective Interest Rate on Debt % : 17.73% (As of Sep. 2023)

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What is Bens Creek Group 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. Bens Creek Group's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was €4.51 Mil. Bens Creek Group's average total debt for the quarter that ended in Sep. 2023 was €25.46 Mil. Therefore, Bens Creek Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 17.73%.

Bens Creek Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Bens Creek Group'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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Bens Creek Group Effective Interest Rate on Debt % Chart

Bens Creek Group Annual Data

Trend

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

2.39

13.68

19.75

Bens Creek Group Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	22.01	17.79	17.06	17.73

Competitive Comparison of Bens Creek Group's Effective Interest Rate on Debt %

For the Coking Coal subindustry, Bens Creek Group'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.

Bens Creek Group's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Bens Creek Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Bens Creek Group's Effective Interest Rate on Debt % falls into.

Bens Creek Group Effective Interest Rate on Debt % Calculation

Bens Creek Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -3.208	/	( (11.605	+	20.889)	/ 2 )
=	-1 * -3.208	/	16.247
=	19.75 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.738	+	5.867
=	11.605

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.699	+	14.19
=	20.889

Bens Creek Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * -4.514	/	( (20.889	+	30.032)	/ 2 )
=	-1 * -4.514	/	25.4605
=	17.73 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.699	+	14.19
=	20.889

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	26.735	+	3.297
=	30.032

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

Bens Creek Group (STU:6RX) Effective Interest Rate on Debt % Explanation

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

Bens Creek Group Effective Interest Rate on Debt % Related Terms

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Bens Creek Group (STU:6RX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bens Creek Group PLC (STU:6RX) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

BENCF:USA BEN:UK

Address

15 Stratton Street, London, GBR, W1J 8LQ

Website

https://www.benscreek.com

Bens Creek Group PLC owns and operates metallurgical coal mines in North America. Its main country of operation is the United States of America. The company is engaged in Ben's creek mining project situated in the southern part of the state of West Virginia and the eastern edge of the Commonwealth of Kentucky. The company has two geographical segment, the United Kingdom and the United States of America ("USA"). Activities in the UK are mainly administrative in nature whilst the activities in the USA relate to coal production and sale of coal. Geographically the company derives the majority of its revenue from USA.

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