AXREF (Amarc Resources) Effective Interest Rate on Debt % : 11.00% (As of Sep. 2024)

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What is Amarc 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. Amarc Resources's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $0.07 Mil. Amarc Resources's average total debt for the quarter that ended in Sep. 2024 was $0.65 Mil. Therefore, Amarc Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 11.00%.

Amarc Resources Effective Interest Rate on Debt % Historical Data

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

Amarc Resources Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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12.15

17.00

16.84

18.07

14.15

Amarc Resources Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															14.69	14.11	-	12.11	11.00

Competitive Comparison of Amarc Resources's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Amarc 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.

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

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

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

Amarc Resources Effective Interest Rate on Debt % Calculation

Amarc Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2023 )	+	Total Debt (A: Mar. 2024 ))	/ count )
=	-1 * -0.081	/	( (0.527	+	0.618)	/ 2 )
=	-1 * -0.081	/	0.5725
=	14.15 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.512	+	0.015
=	0.527

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.601	+	0.017
=	0.618

Amarc Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -0.072	/	( (0.637	+	0.672)	/ 2 )
=	-1 * -0.072	/	0.6545
=	11.00 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.619	+	0.018
=	0.637

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.654	+	0.018
=	0.672

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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Amarc Resources (OTCPK:AXREF) Effective Interest Rate on Debt % Explanation

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

Amarc Resources Effective Interest Rate on Debt % Related Terms

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Amarc Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Amarc Resources Ltd (OTCPK:AXREF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

AHR:Canada

Address

1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1

Website

https://www.amarcresources.com

Amarc Resources Ltd is a mineral exploration and development company. It is engaged in the acquisition, exploration, and development of mineral properties mainly in British Columbia, Canada, which is also their reportable segment. Its project holdings comprise the IKE Project located in south-central British Columbia, the JOY Project, located in north-central British Columbia, and DUKE Project located in central British Columbia. It has a single reportable segment which is the acquisition, exploration and development of mineral properties.

Executives

Sun Valley Gold Llc	10 percent owner	620 SUN VALLEY ROAD, P.O. BOX 2759, SUN VALLEY ID 83353
Sun Valley Gold Master Fund, Ltd	10 percent owner	INTERNATIONAL MANAGEMENT SERVICES LTD, 3RD FLR, HARBOUR CTRE, N CHURCH ST BOX61, GRAND CAYMAN E9 KY1-1102
Palmedo Holdings Lllp	10 percent owner	620 SUN VALLEY ROAD, BOX 2759, SUN VALLEY ID 83353
Peter F. Palmedo	10 percent owner	620 SUN VALLEY ROAD, BOX 2759, SUN VALLEY ID 83353