Arika Resources (ASX:ARI) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Arika Resources 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. Arika Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was A$0.00 Mil. Arika Resources's average total debt for the quarter that ended in Dec. 2023 was A$0.03 Mil. Therefore, Arika Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Arika Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Arika Resources'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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Arika Resources Effective Interest Rate on Debt % Chart

Arika Resources Annual Data

Trend

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Effective Interest Rate on Debt %

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Arika Resources Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
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Competitive Comparison of Arika Resources's Effective Interest Rate on Debt %

For the Gold subindustry, Arika Resources'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.

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

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

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

Arika Resources Effective Interest Rate on Debt % Calculation

Arika Resources'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	/	( (0.007	+	0.03)	/ 2 )
=	-1 * 0	/	0.0185
=	0.00 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.007
=	0.007

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.03
=	0.03

Arika Resources'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	/	( (0.03	+	0)	/ 1 )
=	-1 * 0	/	0.03
=	0.00 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.03
=	0.03

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

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.

Arika Resources (ASX:ARI) Effective Interest Rate on Debt % Explanation

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

Arika Resources Effective Interest Rate on Debt % Related Terms

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Arika Resources Business Description

Industry

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Address

Unit B2, 20 Tarlton Crescent, Perth Airport, Perth, WA, AUS, 6105

Website

https://www.metalicity.com.au

Metalicity Ltd is an exploration and development company. The Group's principal activity as at the date of this report is mineral exploration and development of the Kookynie and Yundamindra Gold Projects . Its projects include Admiral Bay Zinc Project, Mt Surprise project, Yundamindra Gold Project, and Kookynie Gold Project. The Group has two geographic segments being Australia and Canada and operates in one industry being the Exploration of Minerals.