Esrey Resources (Esrey Resources) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2021)

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What is Esrey 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. Esrey Resources's annualized positive value of Interest Expense for the quarter that ended in Jun. 2021 was $0.00 Mil. Esrey Resources's average total debt for the quarter that ended in Jun. 2021 was $0.18 Mil. Therefore, Esrey Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 was 0.00%.

Esrey Resources Effective Interest Rate on Debt % Historical Data

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

Esrey Resources Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Effective Interest Rate on Debt %

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7.89

Esrey Resources Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-8.99	-	-	-

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

For the Other Industrial Metals & Mining subindustry, Esrey 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.

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

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

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

Esrey Resources Effective Interest Rate on Debt % Calculation

Esrey Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2019 )	+	Total Debt (A: Sep. 2020 ))	/ count )
=	-1 * -0.014	/	( (0.177	+	0.178)	/ 2 )
=	-1 * -0.014	/	0.1775
=	7.89 %

where

	Total Debt (A: Sep. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.177
=	0.177

	Total Debt (A: Sep. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.178
=	0.178

Esrey Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2021 )	+	Total Debt (Q: Jun. 2021 ))	/ count )
=	-1 * 0	/	( (0.177	+	0.179)	/ 2 )
=	-1 * 0	/	0.178
=	0.00 %

where

	Total Debt (Q: Mar. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.177
=	0.177

	Total Debt (Q: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.179
=	0.179

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. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Esrey Resources (OTCPK:LNGYF) Effective Interest Rate on Debt % Explanation

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

Esrey Resources Effective Interest Rate on Debt % Related Terms

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Esrey Resources (Esrey Resources) Business Description

Industry

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

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Address

1075 West Georgia Street, Suite 1010, Vancouver, BC, CAN, V6E 3C9

Website

https://www.esreyresources.com

Esrey Resources Ltd is a Canada based company focused on the extraction of zinc, lead and other metals from these waste materials in a hydrometallurgical process. Its hydrometallurgical pilot plant, located in Macedonia, is capable to develop hydrometallurgical processing approximately 100 tonnes of feed per annum.

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