GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Optegra Ventures Inc (TSXV:OPTG) » Definitions » Effective Interest Rate on Debt %

Optegra Ventures (TSXV:OPTG) Effective Interest Rate on Debt % : 34.04% (As of Mar. 2024)


View and export this data going back to 2017. Start your Free Trial

What is Optegra Ventures 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. Optegra Ventures's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$0.04 Mil. Optegra Ventures's average total debt for the quarter that ended in Mar. 2024 was C$0.12 Mil. Therefore, Optegra Ventures's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 34.04%.


Optegra Ventures Effective Interest Rate on Debt % Historical Data

The historical data trend for Optegra Ventures'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.

* Premium members only.

Optegra Ventures Effective Interest Rate on Debt % Chart

Optegra Ventures Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 6.19 2.65 - - -

Optegra Ventures Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 21.62 34.04

Competitive Comparison of Optegra Ventures's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Optegra Ventures'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.


Optegra Ventures's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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



Optegra Ventures Effective Interest Rate on Debt % Calculation

Optegra Ventures's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2022 )+Total Debt  (A: Sep. 2023 ))/ count )
=-1  *  0/( (0+0)/ 1 )
=-1  *  0/0
=N/A %

where

Optegra Ventures's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -0.04/( (0.111+0.124)/ 2 )
=-1  *  -0.04/0.1175
=34.04 %

where

* 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 four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Optegra Ventures  (TSXV:OPTG) Effective Interest Rate on Debt % Explanation

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


Optegra Ventures Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Optegra Ventures's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Optegra Ventures (TSXV:OPTG) Business Description

Traded in Other Exchanges
Address
3002 - 1211 Melville Street, Vancouver, BC, CAN, V6E 0A7
Optegra Ventures Inc Formerly Essex Minerals Inc is a Canada-based company engaged in exploration and evaluation business in two geographical areas, Canada and Australia.

Optegra Ventures (TSXV:OPTG) Headlines

No Headlines