Vanadiumcorp Resource (TSXV:VRB) Effective Interest Rate on Debt % : 0.60% (As of Jan. 2025)

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What is Vanadiumcorp 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. Vanadiumcorp Resource's annualized positive value of Interest Expense for the quarter that ended in Jan. 2025 was C$0.00 Mil. Vanadiumcorp Resource's average total debt for the quarter that ended in Jan. 2025 was C$0.66 Mil. Therefore, Vanadiumcorp Resource's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2025 was 0.60%.

Vanadiumcorp Resource Effective Interest Rate on Debt % Historical Data

The historical data trend for Vanadiumcorp 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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Vanadiumcorp Resource Effective Interest Rate on Debt % Chart

Vanadiumcorp Resource Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Effective Interest Rate on Debt %

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9.09

11.11

15.14

5.34

1.94

Vanadiumcorp Resource Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															11.12	12.19	17.47	-35.85	0.60

Competitive Comparison of Vanadiumcorp Resource's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Vanadiumcorp 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.

Vanadiumcorp Resource's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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

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Vanadiumcorp Resource Effective Interest Rate on Debt % Calculation

Vanadiumcorp Resource's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2023 )	+	Total Debt (A: Oct. 2024 ))	/ count )
=	-1 * -0.014	/	( (0.772	+	0.67)	/ 2 )
=	-1 * -0.014	/	0.721
=	1.94 %

where

	Total Debt (A: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.618	+	0.154
=	0.772

	Total Debt (A: Oct. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.462	+	0.208
=	0.67

Vanadiumcorp Resource's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2024 )	+	Total Debt (Q: Jan. 2025 ))	/ count )
=	-1 * -0.004	/	( (0.67	+	0.655)	/ 2 )
=	-1 * -0.004	/	0.6625
=	0.60 %

where

	Total Debt (Q: Oct. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.462	+	0.208
=	0.67

	Total Debt (Q: Jan. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.462	+	0.193
=	0.655

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 (Jan. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Vanadiumcorp Resource (TSXV:VRB) Effective Interest Rate on Debt % Explanation

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

Vanadiumcorp Resource Effective Interest Rate on Debt % Related Terms

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Vanadiumcorp Resource Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vanadiumcorp Resource Inc (TSXV:VRB) » Definitions » Effective Interest Rate on Debt %

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VRBFF:USA NWN:Germany

Address

1166 Alberni Street, Suite 1201, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.vanadiumcorp.com

Vanadiumcorp Resource Inc is engaged in the exploration and development of mineral properties in Canada. It is also involved in the development of vanadium redox flow battery technology in Germany. The company's primary focus is on the Lac Dore and Iron-T Properties in Quebec which is prospective for vanadium, titanium, and iron.

Executives

Ian Andrew Mallory	Director
Mario Drolet	Director
John Hewlett	Director

Vanadiumcorp Resource Headlines

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