OKMN (Okmin Resources) Effective Interest Rate on Debt %: 100.00% (As of Mar. 2026)

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What is Okmin Resources Effective Interest Rate on Debt %?

Okmin Resources OKMN Effective Interest Rate on Debt % is 100.00% as of Mar. 2026. The stock has 2 warning signs 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. Okmin Resources's annualized positive value of Interest Expense for the quarter that ended in Mar. 2026 was $0.02 Mil. Okmin Resources's average total debt for the quarter that ended in Mar. 2026 was $0.02 Mil. Therefore, Okmin Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2026 was 100.00%.

Okmin Resources  (OTCPK:OKMN) Effective Interest Rate on Debt % Explanation

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

Okmin Resources Effective Interest Rate on Debt % Related Terms

Okmin Resources Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Okmin 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.

Okmin Resources Effective Interest Rate on Debt % Chart

Okmin Resources Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25
Effective Interest Rate on Debt %
0.00 0.00 10.26 10.43 11.89

Okmin Resources Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 11.43 17.91 15.27 200.00 100.00

OKMN vs HGTXU, MTR, PGNYF: Effective Interest Rate on Debt % Comparison

For the Oil & Gas E&P subindustry, Okmin 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.

Okmin Resources Effective Interest Rate on Debt % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Okmin Resources's Effective Interest Rate on Debt % distribution charts can be found below:

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


Okmin Resources Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2024 )+Total Debt  (A: Jun. 2025 ))/ count )
=-1  *  -0.017/( (0.155+0.131)/ 2 )
=-1  *  -0.017/0.143
=11.89 %

where

Total Debt  (A: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.155
=0.155

Total Debt  (A: Jun. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.131
=0.131

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2025 )+Total Debt  (Q: Mar. 2026 ))/ count )
=-1  *  -0.02/( (0.01+0.03)/ 2 )
=-1  *  -0.02/0.02
=100.00 %

where

Total Debt  (Q: Dec. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.01
=0.01

Total Debt  (Q: Mar. 2026 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.03
=0.03

* 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 (Mar. 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 100.00% mean?
Okmin Resources (OKMN) has a Effective Interest Rate on Debt % of 100.00% as of Mar. 2026. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Okmin Resources and its competitors.
Is Okmin Resources' Effective Interest Rate on Debt % too high?
Okmin Resources' current Effective Interest Rate on Debt % is 100.00%.
How does Okmin Resources' Effective Interest Rate on Debt % compare to HGTXU and MTR?
Okmin Resources' Effective Interest Rate on Debt % of 100.00% can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Effective Interest Rate on Debt % depends on the Oil & Gas 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 Okmin Resources and its competitors. Okmin Resources's current Effective Interest Rate on Debt % is 100.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Okmin Resources stock overvalued right now?
Okmin Resources (OKMN) has a current Effective Interest Rate on Debt % of 100.00%. The current Effective Interest Rate on Debt % is 100.00%. 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 Okmin Resources (OKMN), the current Effective Interest Rate on Debt % is 100.00% as of Mar. 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.

Okmin Resources Business Description

Industry EnergyOil & Gas
Address 16501 Ventura Boulevard, Suite 400, Encino, Los Angeles, CA, USA, 91436
Okmin Resources Inc is a natural resource exploration stage company that seeks to acquire, explore, and develop natural resource assets. It engages in the business of the acquisition, exploration, and development of mineral rights and natural resource assets. The company's projects are located in Oklahoma and Kansas. Its projects comprise the Vitt Project in Kansas, the West Sheppard Pool Field in Northeast Oklahoma, and Pushmataha in Southeast Oklahoma.