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Etruscus Resources (Etruscus Resources) Effective Interest Rate on Debt % : 17.78% (As of Dec. 2023)


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What is Etruscus 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. Etruscus Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. Etruscus Resources's average total debt for the quarter that ended in Dec. 2023 was $0.02 Mil. Therefore, Etruscus Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 17.78%.

Etruscus Resources Effective Interest Rate on Debt % Historical Data

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

Etruscus Resources Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial - 6.67 8.16 8.70 17.65

Etruscus Resources Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 11.43 12.70 13.79 15.38 17.78

Competitive Comparison of Etruscus Resources's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Etruscus 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.

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

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

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


Etruscus Resources Effective Interest Rate on Debt % Calculation

Etruscus Resources'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  *  -0.003/( (0.004+0.03)/ 2 )
=-1  *  -0.003/0.017
=17.65 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.004
=0.004

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.018 + 0.012
=0.03

Etruscus 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: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -0.004/( (0.024+0.021)/ 2 )
=-1  *  -0.004/0.0225
=17.78 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.011 + 0.013
=0.024

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.007 + 0.014
=0.021

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

Etruscus Resources  (OTCPK:ETRUF) Effective Interest Rate on Debt % Explanation

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

Etruscus Resources Effective Interest Rate on Debt % Related Terms

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Etruscus Resources (Etruscus Resources) Business Description

Industry
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Traded in Other Exchanges
ERR:Germany ETR:Canada
Address
850 West Hastings Street, Suite 604, Vancouver, BC, CAN, V6C 1E1
Website
https://www.etruscusresources.com
Etruscus Resources Corp is engaged in identifying, evaluating, acquiring, and exploring mineral properties. The Rock and Roll Property covers approximately 21,955 hectares in the Iskut River Valley of Northwestern British Columbia, 150 Km north of the ocean port at Stewart. Its sugar property covers approximately 4,508 hectares to the east of the Stikine River Valley of Northwestern British Columbia, 165 km north of the ocean port at Stewart. The areas include metals like gold, silver, and copper.