MGX Minerals (MGX Minerals) Effective Interest Rate on Debt % : 0.07% (As of Apr. 2021)

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What is MGX 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. MGX Minerals's annualized positive value of Interest Expense for the quarter that ended in Apr. 2021 was $0.00 Mil. MGX Minerals's average total debt for the quarter that ended in Apr. 2021 was $5.39 Mil. Therefore, MGX Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2021 was 0.07%.

MGX Minerals Effective Interest Rate on Debt % Historical Data

The historical data trend for MGX 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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MGX Minerals Effective Interest Rate on Debt % Chart

MGX Minerals Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Effective Interest Rate on Debt %

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8.70

1.39

21.49

9.02

MGX Minerals Quarterly Data
	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															18.97	4.55	0.15	0.30	0.07

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

For the Other Industrial Metals & Mining subindustry, MGX 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.

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

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

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

MGX Minerals Effective Interest Rate on Debt % Calculation

MGX Minerals's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jul. 2019 )	+	Total Debt (A: Jul. 2020 ))	/ count )
=	-1 * -0.143	/	( (0.458	+	2.711)	/ 2 )
=	-1 * -0.143	/	1.5845
=	9.02 %

where

	Total Debt (A: Jul. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.021	+	0.437
=	0.458

	Total Debt (A: Jul. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.231	+	0.48
=	2.711

MGX Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jan. 2021 )	+	Total Debt (Q: Apr. 2021 ))	/ count )
=	-1 * -0.004	/	( (2.646	+	8.14)	/ 2 )
=	-1 * -0.004	/	5.393
=	0.07 %

where

	Total Debt (Q: Jan. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.127	+	0.519
=	2.646

	Total Debt (Q: Apr. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.163	+	5.977
=	8.14

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

MGX Minerals (OTCPK:MGXMF) Effective Interest Rate on Debt % Explanation

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

MGX Minerals Effective Interest Rate on Debt % Related Terms

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MGX Minerals (MGX Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MGX Minerals Inc (OTCPK:MGXMF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

XCNQ:STGX TSXV:SILV TSXV:LMS TSXV:PX TSXV:ABZ TSXV:EGM TSXV:GTC TSXV:FUSE TSXV:SYG TSXV:IZN

Traded in Other Exchanges

N/A

Address

1080 Howe Street, Suite 303, Vancouver, BC, CAN, V6C 2T1

Website

http://www.mgxminerals.com

MGX Minerals Inc is an exploration stage company engaged in the process of exploring its mineral properties in Canada. The company is a developer of lithium, magnesium and silicon projects. Its projects comprise Driftwood Creek project; Fran Gold project; Tillicum Gold project; Canada Lithium project; and Silica Projects.