What is MAX Resource 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. MAX Resource's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.04 Mil. MAX Resource's average total debt for the quarter that ended in Sep. 2023 was $0.27 Mil. Therefore, MAX Resource's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 13.14%.
MAX Resource Effective Interest Rate on Debt % Historical Data
The historical data trend for MAX Resource'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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MAX Resource Effective Interest Rate on Debt % Chart
Competitive Comparison of MAX Resource's Effective Interest Rate on Debt %
For the Other Precious Metals & Mining subindustry, MAX Resource'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.
MAX Resource's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, MAX Resource's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where MAX Resource's Effective Interest Rate on Debt % falls into.
MAX Resource Effective Interest Rate on Debt % Calculation
MAX Resource's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as
* 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 (Sep. 2023) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
MAX Resource (OTCPK:MXROF) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
MAX Resource Effective Interest Rate on Debt % Related Terms
Thank you for viewing the detailed overview of MAX Resource's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
MAX Resource Corp is a mineral exploration company advancing the newly discovered district-scale Cesar copper-silver project. Its Cesar project sits along with the Colombian portion of the largest producing copper belt (Andean belt), with infrastructure and the presence of global majors (Glencore and Chevron). The company holds a 100% interest in the RT Gold project in Peru. It has one operating segment which is the exploration of resource properties.
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