Corsa Coal (Corsa Coal) Effective Interest Rate on Debt % : 16.53% (As of Dec. 2023)

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What is Corsa Coal 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. Corsa Coal's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $4.4 Mil. Corsa Coal's average total debt for the quarter that ended in Dec. 2023 was $26.8 Mil. Therefore, Corsa Coal's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 16.53%.

Corsa Coal Effective Interest Rate on Debt % Historical Data

The historical data trend for Corsa Coal'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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Corsa Coal Effective Interest Rate on Debt % Chart

Corsa Coal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

14.16

6.10

7.69

9.76

19.62

Corsa Coal Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															11.70	17.20	18.20	18.09	16.53

Competitive Comparison of Corsa Coal's Effective Interest Rate on Debt %

For the Coking Coal subindustry, Corsa Coal'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.

Corsa Coal's Effective Interest Rate on Debt % Distribution in the Steel Industry

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

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

Corsa Coal Effective Interest Rate on Debt % Calculation

Corsa Coal's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -5.283	/	( (32.186	+	21.664)	/ 2 )
=	-1 * -5.283	/	26.925
=	19.62 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23.125	+	9.061
=	32.186

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.157	+	1.507
=	21.664

Corsa Coal's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -4.424	/	( (31.861	+	21.664)	/ 2 )
=	-1 * -4.424	/	26.7625
=	16.53 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	24.334	+	7.527
=	31.861

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	20.157	+	1.507
=	21.664

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Corsa Coal (OTCPK:CRSXF) Effective Interest Rate on Debt % Explanation

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

Corsa Coal Effective Interest Rate on Debt % Related Terms

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Corsa Coal (Corsa Coal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Corsa Coal Corp (OTCPK:CRSXF) » Definitions » Effective Interest Rate on Debt %

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CSO:Canada

Address

1576 Stoystown Road, PO Box 260, Friedens, PA, USA, 15541

Website

https://www.corsacoal.com

Corsa Coal Corp is a coal mining company focused on the production and sales of metallurgical coal, an essential ingredient in the production of steel. Its core business is producing and selling metallurgical coal to domestic and international steel and coke producers in the Atlantic and Pacific basin markets. Its segments are Northern Appalachia (NAPP) and the company's corporate office. NAPP is a distinct operating segment based on its metallurgical coal operations and location in the U.S. along the Northern Appalachia coal belt. The company's corporate office provides support and manages the mining investments.

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