GNSMF (Morocco Strategic Minerals) Effective Interest Rate on Debt % : 6.56% (As of Jan. 2025)

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What is Morocco Strategic Minerals 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. Morocco Strategic Minerals's annualized positive value of Interest Expense for the quarter that ended in Jan. 2025 was $0.00 Mil. Morocco Strategic Minerals's average total debt for the quarter that ended in Jan. 2025 was $0.06 Mil. Therefore, Morocco Strategic Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2025 was 6.56%.

Morocco Strategic Minerals Effective Interest Rate on Debt % Historical Data

The historical data trend for Morocco Strategic Minerals'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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Morocco Strategic Minerals Effective Interest Rate on Debt % Chart

Morocco Strategic Minerals Annual Data

Trend

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Effective Interest Rate on Debt %

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18.75

28.57

11.54

Morocco Strategic Minerals Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	6.25	6.56

Competitive Comparison of Morocco Strategic Minerals's Effective Interest Rate on Debt %

For the Gold subindustry, Morocco Strategic Minerals'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.

Morocco Strategic Minerals's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Morocco Strategic Minerals's Effective Interest Rate on Debt % falls into.

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Morocco Strategic Minerals Effective Interest Rate on Debt % Calculation

Morocco Strategic Minerals's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jul. 2023 )	+	Total Debt (A: Jul. 2024 ))	/ count )
=	-1 * -0.003	/	( (0	+	0)	/ 1 )
=	-1 * -0.003	/	0
=	N/A %

where

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

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

Morocco Strategic Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2024 )	+	Total Debt (Q: Jan. 2025 ))	/ count )
=	-1 * -0.004	/	( (0.064	+	0.058)	/ 2 )
=	-1 * -0.004	/	0.061
=	6.56 %

where

	Total Debt (Q: Oct. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.055	+	0.009
=	0.064

	Total Debt (Q: Jan. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.049	+	0.009
=	0.058

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. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Morocco Strategic Minerals (OTCPK:GNSMF) Effective Interest Rate on Debt % Explanation

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

Morocco Strategic Minerals Effective Interest Rate on Debt % Related Terms

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Morocco Strategic Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Morocco Strategic Minerals Corp (OTCPK:GNSMF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

0FU0:Germany MCC:Canada

Address

68 Av. de la Gare, Suite 205, Saint-Sauveur, Montreal, QC, CAN, J0R 1R0

Website

https://www.geniusmetals.com

Morocco Strategic Minerals Corp, formerly Genius Metals Inc is engaged in the acquisition and exploration of gold and other mineral properties. The company operates through various projects including Sakami; Iserhoff; Meaghers; Nova Scotia; Dissimieux; and others. The company generates more revenue from gold projects.