Laramide Resources (LTS:0V3P) Effective Interest Rate on Debt % : 17.68% (As of Mar. 2024)

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What is Laramide 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. Laramide Resources's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$0.78 Mil. Laramide Resources's average total debt for the quarter that ended in Mar. 2024 was C$4.41 Mil. Therefore, Laramide Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 17.68%.

Laramide Resources Effective Interest Rate on Debt % Historical Data

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

Laramide Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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18.40

17.57

18.71

17.69

15.80

Laramide Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															20.34	17.56	18.51	18.61	17.68

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

For the Uranium subindustry, Laramide 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.

Laramide Resources's Effective Interest Rate on Debt % Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Laramide Resources's Effective Interest Rate on Debt % distribution charts can be found below:

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

Laramide Resources Effective Interest Rate on Debt % Calculation

Laramide Resources'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 * -0.817	/	( (6.014	+	4.329)	/ 2 )
=	-1 * -0.817	/	5.1715
=	15.80 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	6.014
=	6.014

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.173	+	0.156
=	4.329

Laramide Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.78	/	( (4.329	+	4.493)	/ 2 )
=	-1 * -0.78	/	4.411
=	17.68 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.173	+	0.156
=	4.329

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.063	+	4.43
=	4.493

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

Laramide Resources (LTS:0V3P) Effective Interest Rate on Debt % Explanation

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

Laramide Resources Effective Interest Rate on Debt % Related Terms

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Laramide Resources (LTS:0V3P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Laramide Resources Ltd (LTS:0V3P) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

LMRXF:USA L4R:Germany LAM:Canada LAM:Australia

Address

130 King Street West, The Exchange Tower, Suite 3680, Box 99, Toronto, ON, CAN, M5X 1B1

Website

https://www.laramide.com

Laramide Resources Ltd is a Canadian company engaged in the exploration and development of high-quality uranium assets based in Australia and the United States. The company's project includes Churchrock and ISR, New Mexico; La Sal, Utah; La Jara Mesa; Westmoreland, Australia, and Murphy Project.

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