Hispania Resources (TSXV:ESPN) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2023)

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What is Hispania 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. Hispania Resources's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was C$0.00 Mil. Hispania Resources's average total debt for the quarter that ended in Sep. 2023 was C$0.01 Mil. Therefore, Hispania Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 0.00%.

Hispania Resources Effective Interest Rate on Debt % Historical Data

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

Hispania Resources Annual Data

Trend

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

Hispania Resources Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
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Competitive Comparison of Hispania Resources's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Hispania 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.

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

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

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

Hispania Resources Effective Interest Rate on Debt % Calculation

Hispania 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	/	( (0.049	+	0.056)	/ 2 )
=	-1 * 0	/	0.0525
=	0.00 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.049	+	0
=	0.049

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.056
=	0.056

Hispania 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	/	( (0.01	+	0.01)	/ 2 )
=	-1 * 0	/	0.01
=	0.00 %

where

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.01
=	0.01

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.01
=	0.01

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.

Hispania Resources (TSXV:ESPN) Effective Interest Rate on Debt % Explanation

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

Hispania Resources Effective Interest Rate on Debt % Related Terms

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Hispania Resources (TSXV:ESPN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hispania Resources Inc (TSXV:ESPN) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Toronto Street, Suite 602, Toronto, ON, CAN, M5C 2E3

Website

http://www.hispaniaresources.com

Hispania Resources Inc is an exploration and development company. This Company is focused on the acquisition, exploration, and development of mining properties in Spain. This company is engaged in developing the long-term mining potential of its core asset, the Zinc, Copper enriched Puebla de la Reina (PBR) property in the low-risk and historic mining district of Extremadura in Southwest Spain.

Executives

Norman Brewster

Director

Hispania Resources (TSXV:ESPN) Headlines

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