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NRHI (Natural Resource Holdings) Effective Interest Rate on Debt % : 5.26% (As of Oct. 2024)


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What is Natural Resource Holdings 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. Natural Resource Holdings's annualized positive value of Interest Expense for the quarter that ended in Oct. 2024 was $0.01 Mil. Natural Resource Holdings's average total debt for the quarter that ended in Oct. 2024 was $0.15 Mil. Therefore, Natural Resource Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2024 was 5.26%.


Natural Resource Holdings Effective Interest Rate on Debt % Historical Data

The historical data trend for Natural Resource Holdings'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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Natural Resource Holdings Effective Interest Rate on Debt % Chart

Natural Resource Holdings Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 2.90 1.00 77.48 4.05 3.94

Natural Resource Holdings Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 5.06 3.90 6.18 5.69 5.26

Competitive Comparison of Natural Resource Holdings's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Natural Resource Holdings'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.


Natural Resource Holdings's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Natural Resource Holdings's Effective Interest Rate on Debt % falls into.



Natural Resource Holdings Effective Interest Rate on Debt % Calculation

Natural Resource Holdings's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Apr. 2023 )+Total Debt  (A: Apr. 2024 ))/ count )
=-1  *  -0.007/( (0.223+0.132)/ 2 )
=-1  *  -0.007/0.1775
=3.94 %

where

Natural Resource Holdings's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jul. 2024 )+Total Debt  (Q: Oct. 2024 ))/ count )
=-1  *  -0.008/( (0.149+0.155)/ 2 )
=-1  *  -0.008/0.152
=5.26 %

where

Total Debt  (Q: Jul. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.142 + 0.007
=0.149

Total Debt  (Q: Oct. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.148 + 0.007
=0.155

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


Natural Resource Holdings  (OTCPK:NRHI) Effective Interest Rate on Debt % Explanation

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


Natural Resource Holdings Effective Interest Rate on Debt % Related Terms

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Natural Resource Holdings Business Description

Traded in Other Exchanges
N/A
Address
9980 South 300 West, Suite 200, Sandy, UT, USA, 84070
Natural Resource Holdings Inc is currently focusing on the mining business.

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