Silver Scott Mines (Silver Scott Mines) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2023)

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

Silver Scott Mines Effective Interest Rate on Debt % Historical Data

The historical data trend for Silver Scott Mines'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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Silver Scott Mines Effective Interest Rate on Debt % Chart

Silver Scott Mines Annual Data

Trend

Effective Interest Rate on Debt %

Silver Scott Mines Semi-Annual Data
	Sep22	Sep23
Effective Interest Rate on Debt %	-	-

Competitive Comparison of Silver Scott Mines's Effective Interest Rate on Debt %

For the Other Precious Metals & Mining subindustry, Silver Scott Mines'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.

Silver Scott Mines's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Silver Scott Mines's Effective Interest Rate on Debt % falls into.

Silver Scott Mines Effective Interest Rate on Debt % Calculation

Silver Scott Mines's annualized Effective Interest Rate on Debt % for the fiscal year that ended in . 20 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: . 20 )	+	Total Debt (A: . 20 ))	/ count )
=	-1 *	/	( (	+	)	/ )
=	-1 *	/
=	%

where

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

Silver Scott Mines'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: Sep. 2022 )	+	Total Debt (Q: Sep. 2023 ))	/ count )
=	-1 * 0	/	( (0	+	0.032)	/ 1 )
=	-1 * 0	/	0.032
=	0.00 %

where

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.032
=	0.032

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

Silver Scott Mines (OTCPK:SILS) Effective Interest Rate on Debt % Explanation

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

Silver Scott Mines Effective Interest Rate on Debt % Related Terms

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Silver Scott Mines (Silver Scott Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Silver Scott Mines Inc (OTCPK:SILS) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

8296 Portofino Drive, Unit 205, Championsgate, FL, USA, 33896

Website

http://www.silverscottmines.com

Silver Scott Mines Inc is a holding company owning assets in the digital currency, DeFI, blockchain, and Web3.0 verticals. It uses a subscription based model to offer online cryptocurrency education and mentoring services through its Dr. Crypto Pro membership program.

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