Metalore Resources (TSXV:MET) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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

Metalore Resources Effective Interest Rate on Debt % Historical Data

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

Metalore Resources Annual Data

Trend

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Effective Interest Rate on Debt %

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Metalore Resources Quarterly Data
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Competitive Comparison of Metalore Resources's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, Metalore 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.

Metalore Resources's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Metalore Resources's Effective Interest Rate on Debt % distribution charts can be found below:

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

Metalore Resources Effective Interest Rate on Debt % Calculation

Metalore 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 * -0.074	/	( (0	+	0)	/ 1 )
=	-1 * -0.074	/	0
=	N/A %

where

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

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

Metalore 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	+	0)	/ 1 )
=	-1 * -0.004	/	0
=	N/A %

where

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

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

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.

Metalore Resources (TSXV:MET) Effective Interest Rate on Debt % Explanation

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

Metalore Resources Effective Interest Rate on Debt % Related Terms

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Metalore Resources (TSXV:MET) Business Description

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MTLRF:USA

Address

124 Norfolk Street North, P.O. Box 422, Simcoe, ON, CAN, N3Y 3N8

Website

https://www.metaloreresources.ca

Metalore Resources Ltd is a Canada-based resource company focused on natural gas production and gold exploration. It owns and controls petroleum, natural gas, and mineral leases in Charlotteville, Walsingham, and Houghton townships in Norfolk County, Ontario. The company's properties for gold exploration include Paint LakeProperty and Brookbank Jv Properties. It generates the majority of revenue from the sale of natural gas.