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Shine Minerals (Shine Minerals) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)


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What is Shine 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. Shine Minerals's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. Shine Minerals's average total debt for the quarter that ended in Dec. 2023 was $0.06 Mil. Therefore, Shine Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.


Shine Minerals Effective Interest Rate on Debt % Historical Data

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

Shine Minerals Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
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Shine Minerals Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Shine Minerals's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Shine 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.


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

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

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



Shine Minerals Effective Interest Rate on Debt % Calculation

Shine Minerals's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2022 )+Total Debt  (A: Jun. 2023 ))/ count )
=-1  *  0/( (0+0.06)/ 1 )
=-1  *  0/0.06
=0.00 %

where

Shine Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  0/( (0.059+0.06)/ 2 )
=-1  *  0/0.0595
=0.00 %

where

* 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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Shine Minerals  (OTCPK:PAUFF) Effective Interest Rate on Debt % Explanation

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


Shine Minerals Effective Interest Rate on Debt % Related Terms

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Shine Minerals (Shine Minerals) Business Description

Traded in Other Exchanges
Address
1620 Dickson Avenue, Suite 750, Kelowna, BC, CAN, V1Y 9Y2
Shine Minerals Corp is engaged in the acquisition, exploration, evaluation, and development of mineral resource assets. Its asset includes the Watts Lake Zinc project located in Saskatchewan.

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