Canaf Investments (Canaf Investments) Effective Interest Rate on Debt % : 24.24% (As of Jan. 2024)

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What is Canaf Investments 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. Canaf Investments's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $0.01 Mil. Canaf Investments's average total debt for the quarter that ended in Jan. 2024 was $0.03 Mil. Therefore, Canaf Investments's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 24.24%.

Canaf Investments Effective Interest Rate on Debt % Historical Data

The historical data trend for Canaf Investments'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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Canaf Investments Effective Interest Rate on Debt % Chart

Canaf Investments Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Effective Interest Rate on Debt %

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31.65

8.33

50.42

24.39

Canaf Investments Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															16.84	17.98	30.00	32.43	24.24

Competitive Comparison of Canaf Investments's Effective Interest Rate on Debt %

For the Coking Coal subindustry, Canaf Investments'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.

Canaf Investments's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Canaf Investments's Effective Interest Rate on Debt % distribution charts can be found below:

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

Canaf Investments Effective Interest Rate on Debt % Calculation

Canaf Investments's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2022 )	+	Total Debt (A: Oct. 2023 ))	/ count )
=	-1 * -0.01	/	( (0.047	+	0.035)	/ 2 )
=	-1 * -0.01	/	0.041
=	24.39 %

where

	Total Debt (A: Oct. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.035	+	0.012
=	0.047

	Total Debt (A: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.021	+	0.014
=	0.035

Canaf Investments's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -0.008	/	( (0.035	+	0.031)	/ 2 )
=	-1 * -0.008	/	0.033
=	24.24 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.021	+	0.014
=	0.035

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.017	+	0.014
=	0.031

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

Canaf Investments (OTCPK:CAFZF) Effective Interest Rate on Debt % Explanation

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

Canaf Investments Effective Interest Rate on Debt % Related Terms

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Canaf Investments (Canaf Investments) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Canaf Investments Inc (OTCPK:CAFZF) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

CAF:Canada

Address

1111 Melville Street, Suite 1100, Vancouver, BC, CAN, V6E 3V6

Website

https://www.canafinvestments.com

Canaf Investments Inc is a Canadian company that owns and operates a coal processing plant in South Africa that processes coal and coal products into calcine, a coke substitute with high carbon content. The company, through its subsidiaries, produces calcined anthracite used in the manufacturing process of steel and manganese. The company operates in two reportable segments are Canada and South Africa, out of which the majority of revenue comes from South Africa.

Canaf Investments (Canaf Investments) Headlines

From GuruFocus

Canaf announces full repayment of term loan and award of B-BBEE rating

By GlobeNewswire GlobeNewswire • 01-21-2019