Highland Copper Co (FRA:C3H1) Effective Interest Rate on Debt % : 13.04% (As of Jun. 2024)

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What is Highland Copper Co 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. Highland Copper Co's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was €0.24 Mil. Highland Copper Co's average total debt for the quarter that ended in Jun. 2024 was €1.87 Mil. Therefore, Highland Copper Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 13.04%.

Highland Copper Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Highland Copper Co'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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Highland Copper Co Effective Interest Rate on Debt % Chart

Highland Copper Co Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Effective Interest Rate on Debt %

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12.11

8.63

1.53

2.76

Highland Copper Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	-	13.04

Competitive Comparison of Highland Copper Co's Effective Interest Rate on Debt %

For the Copper subindustry, Highland Copper Co'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.

Highland Copper Co's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Highland Copper Co's Effective Interest Rate on Debt % falls into.

Highland Copper Co Effective Interest Rate on Debt % Calculation

Highland Copper Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2023 )	+	Total Debt (A: Jun. 2024 ))	/ count )
=	-1 * -0.061	/	( (0	+	2.214)	/ 1 )
=	-1 * -0.061	/	2.214
=	2.76 %

where

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.214	+	0
=	2.214

Highland Copper Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -0.244	/	( (1.529	+	2.214)	/ 2 )
=	-1 * -0.244	/	1.8715
=	13.04 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.529	+	0
=	1.529

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.214	+	0
=	2.214

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

Highland Copper Co (FRA:C3H1) Effective Interest Rate on Debt % Explanation

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

Highland Copper Co Effective Interest Rate on Debt % Related Terms

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Highland Copper Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Highland Copper Co Inc (FRA:C3H1) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

HDRSF:USA C3H1:Germany HI:Canada

Address

1055 West Georgia Street West, Suite 1500, Vancouver, BC, CAN, V6E 4N7

Website

https://www.highlandcopper.com

Highland Copper Co Inc is a mineral exploration company principally engaged in the acquisition, exploration, and development of mineral properties. It is a copper development company, focused on sediment-hosted copper projects in the Copper Range District of the Upper Peninsula of Michigan, USA. The projects of the company are the Copperwood project, White pine north project, UPX Property, and Keweenaw project.

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