Canadian Metals (Canadian Metals) Effective Interest Rate on Debt % : 21.08% (As of Jan. 2024)

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What is Canadian Metals 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. Canadian Metals's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $0.16 Mil. Canadian Metals's average total debt for the quarter that ended in Jan. 2024 was $0.76 Mil. Therefore, Canadian Metals's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 21.08%.

Canadian Metals Effective Interest Rate on Debt % Historical Data

The historical data trend for Canadian Metals'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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Canadian Metals Effective Interest Rate on Debt % Chart

Canadian Metals Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Effective Interest Rate on Debt %

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30.77

30.27

29.83

19.67

19.40

Canadian Metals 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															20.17	19.46	18.98	19.77	21.08

Competitive Comparison of Canadian Metals's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Canadian Metals'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.

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

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

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

Canadian Metals Effective Interest Rate on Debt % Calculation

Canadian Metals's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jul. 2022 )	+	Total Debt (A: Jul. 2023 ))	/ count )
=	-1 * -0.149	/	( (0.784	+	0.752)	/ 2 )
=	-1 * -0.149	/	0.768
=	19.40 %

where

	Total Debt (A: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.605	+	0.179
=	0.784

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.593	+	0.159
=	0.752

Canadian Metals'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 * -0.16	/	( (0.745	+	0.773)	/ 2 )
=	-1 * -0.16	/	0.759
=	21.08 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.592	+	0.153
=	0.745

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.614	+	0.159
=	0.773

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.

Canadian Metals (OTCPK:CNMTD) Effective Interest Rate on Debt % Explanation

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

Canadian Metals Effective Interest Rate on Debt % Related Terms

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Canadian Metals (Canadian Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canadian Metals Inc (OTCPK:CNMTD) » Definitions » Effective Interest Rate on Debt %

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Address

1000 Sherbrooke Street West, Suite 2700, Montrea, QC, CAN, H3A3G4

Website

https://www.canadian-metals.com

Canadian Metals Inc is engaged in the acquisition, exploration, and evaluation of mineral properties in Quebec and New Brunswick. It is committed to the discovery and aggressive exploration of gold and base metal assets. Some of its properties include Lac La Chesnaye Property, Nicholas Deny's Project, Goldstrike Property, Oxford Property, Mountain Brook Property, and others.

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