Electra Stone (Electra Stone) Effective Interest Rate on Debt % : 2.00% (As of Sep. 2017)

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What is Electra Stone 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. Electra Stone's annualized positive value of Interest Expense for the quarter that ended in Sep. 2017 was $0.01 Mil. Electra Stone's average total debt for the quarter that ended in Sep. 2017 was $0.40 Mil. Therefore, Electra Stone's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2017 was 2.00%.

Electra Stone Effective Interest Rate on Debt % Historical Data

The historical data trend for Electra Stone'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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Electra Stone Effective Interest Rate on Debt % Chart

Electra Stone Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Effective Interest Rate on Debt %

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2.57

15.28

15.56

Electra Stone Quarterly Data
	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.10	57.94	1.00	5.15	2.00

Competitive Comparison of Electra Stone's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Electra Stone'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.

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

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

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

Electra Stone Effective Interest Rate on Debt % Calculation

Electra Stone's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2016 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2015 )	+	Total Debt (A: Dec. 2016 ))	/ count )
=	-1 * -0.094	/	( (0.804	+	0.404)	/ 2 )
=	-1 * -0.094	/	0.604
=	15.56 %

where

	Total Debt (A: Dec. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.692	+	0.112
=	0.804

	Total Debt (A: Dec. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.367	+	0.037
=	0.404

Electra Stone's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2017 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2017 )	+	Total Debt (Q: Sep. 2017 ))	/ count )
=	-1 * -0.008	/	( (0.384	+	0.416)	/ 2 )
=	-1 * -0.008	/	0.4
=	2.00 %

where

	Total Debt (Q: Jun. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.384
=	0.384

	Total Debt (Q: Sep. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.416
=	0.416

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 four times the quarterly (Sep. 2017) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Electra Stone (OTCPK:ELCGF) Effective Interest Rate on Debt % Explanation

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

Electra Stone Effective Interest Rate on Debt % Related Terms

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Electra Stone (Electra Stone) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Electra Stone Ltd (OTCPK:ELCGF) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

409 Granville Street, Suite 1000, Vancouver, BC, CAN, V6C 1T2

Website

http://www.electrastone.com

Electra Stone Ltd is junior mining company based in Canada. It specializes in the development and exploration of industrial minerals and dimensional stone. The company is in the process of mining the Apple Bay aluminum silicate quarry located on Vancouver Island near Port Hardy, British Columbia. Electra operates through two segments being the Mining and Exploration of industrial mineral properties.

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