Cadan Resources (Cadan Resources) Effective Interest Rate on Debt % : 12.93% (As of Sep. 2018)

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What is Cadan 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. Cadan Resources's annualized positive value of Interest Expense for the quarter that ended in Sep. 2018 was $1.79 Mil. Cadan Resources's average total debt for the quarter that ended in Sep. 2018 was $13.83 Mil. Therefore, Cadan Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2018 was 12.93%.

Cadan Resources Effective Interest Rate on Debt % Historical Data

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

Cadan Resources Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Effective Interest Rate on Debt %

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66.95

31.24

26.91

33.47

24.34

Cadan Resources Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															23.58	30.11	13.61	21.73	12.93

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

For the Gold subindustry, Cadan 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.

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

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

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

Cadan Resources Effective Interest Rate on Debt % Calculation

Cadan Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2017 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2016 )	+	Total Debt (A: Dec. 2017 ))	/ count )
=	-1 * -1.818	/	( (5.91	+	9.03)	/ 2 )
=	-1 * -1.818	/	7.47
=	24.34 %

where

	Total Debt (A: Dec. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5.91
=	5.91

	Total Debt (A: Dec. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.805	+	8.225
=	9.03

Cadan Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2018 )	+	Total Debt (Q: Sep. 2018 ))	/ count )
=	-1 * -1.788	/	( (13.176	+	14.484)	/ 2 )
=	-1 * -1.788	/	13.83
=	12.93 %

where

	Total Debt (Q: Jun. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.28	+	8.896
=	13.176

	Total Debt (Q: Sep. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	14.484
=	14.484

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. 2018) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Cadan Resources (OTCPK:CADAF) Effective Interest Rate on Debt % Explanation

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

Cadan Resources Effective Interest Rate on Debt % Related Terms

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Cadan Resources (Cadan Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cadan Resources Corp (OTCPK:CADAF) » Definitions » Effective Interest Rate on Debt %

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Address

666 Burrard Street, Suite 600, Vancouver, BC, CAN, V6C 3P6

Website

http://www.rizalresources.com

Rizal Resources Corp is engaged in the exploration of natural resource properties located in the Philippines. Its properties include T'Boli Gold Mine Project, Batoto Gold Project, and Comval Copper-Gold Project. It operates through resource property exploration segment. It is focused on the development, exploration and production activities at the T'Boli gold-silver mine. Its material mineral properties are the T'Boli gold-silver deposit, the Batoto-Tarale gold prospect, and the Comval copper-gold deposits. The Batoto Gold Project offers excellent discovery opportunities for gold and gold-copper that will complement the T'Boli gold mining operation.

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