CONXF (Nickel 28 Capital) Effective Interest Rate on Debt % : 5.03% (As of Jul. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Nickel 28 Capital 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. Nickel 28 Capital's annualized positive value of Interest Expense for the quarter that ended in Jul. 2024 was $2.26 Mil. Nickel 28 Capital's average total debt for the quarter that ended in Jul. 2024 was $44.98 Mil. Therefore, Nickel 28 Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2024 was 5.03%.

Nickel 28 Capital Effective Interest Rate on Debt % Historical Data

The historical data trend for Nickel 28 Capital'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.

* Premium members only.

Nickel 28 Capital Effective Interest Rate on Debt % Chart

Nickel 28 Capital Annual Data

Trend

Dec19

Dec20

Jan22

Jan23

Jan24

Effective Interest Rate on Debt %

4.65

4.79

5.74

5.31

Nickel 28 Capital Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial														5.04	4.61	5.33	5.03	5.03

Competitive Comparison of Nickel 28 Capital's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Nickel 28 Capital'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.

Nickel 28 Capital's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Nickel 28 Capital's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Nickel 28 Capital's Effective Interest Rate on Debt % falls into.

Nickel 28 Capital Effective Interest Rate on Debt % Calculation

Nickel 28 Capital's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2023 )	+	Total Debt (A: Jan. 2024 ))	/ count )
=	-1 * -2.658	/	( (55.899	+	44.147)	/ 2 )
=	-1 * -2.658	/	50.023
=	5.31 %

where

	Total Debt (A: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	34.577	+	21.322
=	55.899

	Total Debt (A: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35.115	+	9.032
=	44.147

Nickel 28 Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Apr. 2024 )	+	Total Debt (Q: Jul. 2024 ))	/ count )
=	-1 * -2.264	/	( (44.699	+	45.257)	/ 2 )
=	-1 * -2.264	/	44.978
=	5.03 %

where

	Total Debt (Q: Apr. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	35.669	+	9.03
=	44.699

	Total Debt (Q: Jul. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	36.227	+	9.03
=	45.257

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

Nickel 28 Capital (OTCPK:CONXF) Effective Interest Rate on Debt % Explanation

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

Nickel 28 Capital Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Nickel 28 Capital's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Nickel 28 Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel 28 Capital Corp (OTCPK:CONXF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

3JC:Germany NKL:Canada

Address

666 Burrard Street, Suite 1700, Toronto, ON, CAN, V6C 2X8

Website

https://www.nickel28.com

Nickel 28 Capital Corp is a nickel-cobalt producer in Canada. Nickel-cobalt production comes from its joint-venture interest in the Ramu Nickel-Cobalt Operation located in Papua New Guinea provides it with significant attributable nickel and cobalt production thereby offering shareholders direct exposure to two metals that are critical to the adoption of electric vehicles. In addition, It manages a portfolio of around 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia, and Papua New Guinea.