Kesselrun Resources (Kesselrun Resources) Effective Interest Rate on Debt % : 8.33% (As of Jan. 2024)

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What is Kesselrun Resources 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. Kesselrun Resources's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $0.01 Mil. Kesselrun Resources's average total debt for the quarter that ended in Jan. 2024 was $0.10 Mil. Therefore, Kesselrun Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 8.33%.

Kesselrun Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Kesselrun Resources'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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Kesselrun Resources Effective Interest Rate on Debt % Chart

Kesselrun Resources Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Effective Interest Rate on Debt %

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7.41

8.39

7.55

7.95

8.65

Kesselrun Resources 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															4.52	4.40	8.56	8.47	8.33

Competitive Comparison of Kesselrun Resources's Effective Interest Rate on Debt %

For the Gold subindustry, Kesselrun Resources'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.

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

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

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

Kesselrun Resources Effective Interest Rate on Debt % Calculation

Kesselrun Resources'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 * -0.008	/	( (0.09	+	0.095)	/ 2 )
=	-1 * -0.008	/	0.0925
=	8.65 %

where

	Total Debt (A: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.09
=	0.09

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.095
=	0.095

Kesselrun Resources'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 * -0.008	/	( (0.094	+	0.098)	/ 2 )
=	-1 * -0.008	/	0.096
=	8.33 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.094
=	0.094

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.098
=	0.098

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.

Kesselrun Resources (OTCPK:KSSRF) Effective Interest Rate on Debt % Explanation

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

Kesselrun Resources Effective Interest Rate on Debt % Related Terms

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Kesselrun Resources (Kesselrun Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kesselrun Resources Ltd (OTCPK:KSSRF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

CMG:Germany KES:Canada

Address

278 Bay Street, Suite 102, Thunder Bay, ON, CAN, P7B 1R8

Website

https://www.kesselrunresources.com

Kesselrun Resources Ltd is engaged in the acquisition, exploration, and development of mineral properties. Its principal focus is its Bluffpoint property located in Bluffpoint Lake Township, with portions extending into the townships of Lawrence Lake, Napanee Lake, and Barker Bay in the Kenora Mining Division of Northwestern Ontario. It also holds an interest in the Huronian Property, which is located in Moss Township, Thunder Bay Mining Division, Ontario. the Huronian property is wholly owned by the company and provides gold trends and other materials.

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