MRIRF (Route 109 Resources) Effective Interest Rate on Debt %: 13.56% (As of Feb. 2026)

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What is Route 109 Resources Effective Interest Rate on Debt %?

Route 109 Resources MRIRF Effective Interest Rate on Debt % is 13.56% as of Feb. 2026. The stock has 1 warning sign investors should review.

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. Route 109 Resources's annualized positive value of Interest Expense for the quarter that ended in Feb. 2026 was $0.02 Mil. Route 109 Resources's average total debt for the quarter that ended in Feb. 2026 was $0.15 Mil. Therefore, Route 109 Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2026 was 13.56%.

Route 109 Resources  (OTCPK:MRIRF) Effective Interest Rate on Debt % Explanation

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

Route 109 Resources Effective Interest Rate on Debt % Related Terms

Route 109 Resources Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Route 109 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.

Route 109 Resources Effective Interest Rate on Debt % Chart

Route 109 Resources Annual Data
Trend Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 3.17 14.23

Route 109 Resources Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.45 14.98 14.34 14.08 13.56

MRIRF vs NEM, AU: Effective Interest Rate on Debt % Comparison

For the Gold subindustry, Route 109 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.

Route 109 Resources Effective Interest Rate on Debt % vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Route 109 Resources's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Route 109 Resources's Effective Interest Rate on Debt % falls into.


Route 109 Resources Effective Interest Rate on Debt % Calculation

Route 109 Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2025 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Aug. 2024 )+Total Debt  (A: Aug. 2025 ))/ count )
=-1  *  -0.019/( (0.126+0.141)/ 2 )
=-1  *  -0.019/0.1335
=14.23 %

where

Total Debt  (A: Aug. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.126 + 0
=0.126

Total Debt  (A: Aug. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.141
=0.141

Route 109 Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2026 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Nov. 2025 )+Total Debt  (Q: Feb. 2026 ))/ count )
=-1  *  -0.02/( (0.143+0.152)/ 2 )
=-1  *  -0.02/0.1475
=13.56 %

where

Total Debt  (Q: Nov. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.143
=0.143

Total Debt  (Q: Feb. 2026 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.152
=0.152

* 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.

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 (Feb. 2026) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 13.56% mean?
Route 109 Resources (MRIRF) has a Effective Interest Rate on Debt % of 13.56% as of Feb. 2026. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Route 109 Resources and its competitors.
Is Route 109 Resources' Effective Interest Rate on Debt % too high?
Route 109 Resources' current Effective Interest Rate on Debt % is 13.56%.
How does Route 109 Resources' Effective Interest Rate on Debt % compare to NEM and AU?
Route 109 Resources' Effective Interest Rate on Debt % of 13.56% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Metals & Mining company?
A good Effective Interest Rate on Debt % depends on the Metals & Mining industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Route 109 Resources and its competitors. Route 109 Resources's current Effective Interest Rate on Debt % is 13.56%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Route 109 Resources stock overvalued right now?
Route 109 Resources (MRIRF) has a current Effective Interest Rate on Debt % of 13.56%. The current Effective Interest Rate on Debt % is 13.56%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Route 109 Resources (MRIRF), the current Effective Interest Rate on Debt % is 13.56% as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Route 109 Resources Business Description

Other Exchanges 8M0:GermanyRTE:Canada
Address 1185 W. Georgia Street, Suite 1400, Vancouver, BC, CAN, V6E 4E6
Route 109 Resources Inc is a junior Canadian mining exploration company with the primary objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdictions of Quebec, Canada. The company operates in one reportable operating segment, being exploration and evaluation of mineral properties in Canada.