MCKRF (Jade Leader) Effective Interest Rate on Debt % : 10.26% (As of Jun. 2024)

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What is Jade Leader 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. Jade Leader's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $0.00 Mil. Jade Leader's average total debt for the quarter that ended in Jun. 2024 was $0.04 Mil. Therefore, Jade Leader's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 10.26%.

Jade Leader Effective Interest Rate on Debt % Historical Data

The historical data trend for Jade Leader'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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Jade Leader Effective Interest Rate on Debt % Chart

Jade Leader Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Effective Interest Rate on Debt %

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3.57

Jade Leader 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															7.02	7.08	7.55	8.60	10.26

Competitive Comparison of Jade Leader's Effective Interest Rate on Debt %

For the Other Precious Metals & Mining subindustry, Jade Leader'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.

Jade Leader's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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

Jade Leader Effective Interest Rate on Debt % Calculation

Jade Leader's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2022 )	+	Total Debt (A: Sep. 2023 ))	/ count )
=	-1 * -0.002	/	( (0	+	0.056)	/ 1 )
=	-1 * -0.002	/	0.056
=	3.57 %

where

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

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.028	+	0.028
=	0.056

Jade Leader'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 * -0.004	/	( (0.043	+	0.035)	/ 2 )
=	-1 * -0.004	/	0.039
=	10.26 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.01	+	0.033
=	0.043

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.003	+	0.032
=	0.035

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.

Jade Leader (OTCPK:MCKRF) Effective Interest Rate on Debt % Explanation

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

Jade Leader Effective Interest Rate on Debt % Related Terms

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Jade Leader Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jade Leader Corp (OTCPK:MCKRF) » Definitions » Effective Interest Rate on Debt %

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JADE:Canada

Address

808 - 4th Avenue Southwest, Suite 815, Calgary, AB, CAN, T2P 3E8

Website

https://www.jadeleader.ca

Jade Leader Corp is engaged in the business of mineral exploration and development in Canada and the USA. The company operates through its projects which include DJ jade project, Keithly Mountain, Tell Project, and Wyoming Jade Fields.