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Canadian North Resources (TSXV:CNRI) Effective Interest Rate on Debt %

: 11.23% (As of Sep. 2023)
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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. Canadian North Resources's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was C$0.24 Mil. Canadian North Resources's average total debt for the quarter that ended in Sep. 2023 was C$2.14 Mil. Therefore, Canadian North Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 11.23%.


Canadian North Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Canadian North 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.

* Premium members only.

Canadian North Resources Annual Data
Trend Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
- - -

Canadian North Resources Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Effective Interest Rate on Debt % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 15.62 11.23

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Canadian North 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.


Canadian North Resources Effective Interest Rate on Debt % Distribution

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

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



Canadian North Resources Effective Interest Rate on Debt % Calculation

Canadian North Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  0/( (0+0)/ 1 )
=-1  *  0/0
=N/A %

where

Canadian North Resources'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: Jun. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -0.24/( (2.126+2.148)/ 2 )
=-1  *  -0.24/2.137
=11.23 %

where

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.326 + 0.8
=2.126

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.214 + 0.934
=2.148

* 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.


Canadian North Resources  (TSXV:CNRI) Effective Interest Rate on Debt % Explanation

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


Canadian North Resources Effective Interest Rate on Debt % Related Terms

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Canadian North Resources (TSXV:CNRI) Business Description

Traded in Other Exchanges
Address
299 Courtneypark Dr. E, 3rd Floor, Mississauga, ON, CAN
Canadian North Resources Inc is a Canadian mining exploration and development company that owns an interest in the Ferguson Lake mining property in the Kivalliq Region of Nunavut, Canada.

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