Horizon Minerals (Horizon Minerals) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2017)

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What is Horizon Minerals 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. Horizon Minerals's annualized positive value of Interest Expense for the quarter that ended in Mar. 2017 was $0.00 Mil. Horizon Minerals's average total debt for the quarter that ended in Mar. 2017 was $0.07 Mil. Therefore, Horizon Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2017 was 0.00%.

Horizon Minerals Effective Interest Rate on Debt % Historical Data

The historical data trend for Horizon Minerals'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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Horizon Minerals Effective Interest Rate on Debt % Chart

Horizon Minerals Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Effective Interest Rate on Debt %

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Horizon Minerals Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
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Competitive Comparison of Horizon Minerals's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Horizon Minerals'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.

Horizon Minerals's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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

Horizon Minerals Effective Interest Rate on Debt % Calculation

Horizon Minerals'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	/	( (0	+	0.04)	/ 1 )
=	-1 * 0	/	0.04
=	0.00 %

where

	Total Debt (A: Dec. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.04
=	0.04

Horizon Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2017 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2016 )	+	Total Debt (Q: Mar. 2017 ))	/ count )
=	-1 * 0	/	( (0.04	+	0.091)	/ 2 )
=	-1 * 0	/	0.0655
=	0.00 %

where

	Total Debt (Q: Dec. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.04
=	0.04

	Total Debt (Q: Mar. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.091
=	0.091

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

Horizon Minerals (OTCPK:HZNM) Effective Interest Rate on Debt % Explanation

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

Horizon Minerals Effective Interest Rate on Debt % Related Terms

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Horizon Minerals (Horizon Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Horizon Minerals Corp (OTCPK:HZNM) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

9101 West Sahara Avenue, Suite 105 - 197, Las Vegas, NV, USA, 89117

Website

http://www.horizonmineralscorp.com

Horizon Minerals Corp is a US-based exploration stage company. It owns domestic lithium assets and is currently evaluating additional lithium opportunities in Nevada and California. The company has acquired several claims in the Great Basin and is ongoingly looking for additional lithium asset acquisitions.

Horizon Minerals (Horizon Minerals) Headlines

From GuruFocus

Germany, Hillary and Horizon Minerals

By $$$ Christopher Malcolm • 10-13-2016