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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. Rare Element Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $1.16 Mil. Rare Element Resources's average total debt for the quarter that ended in Dec. 2023 was $0.22 Mil. Therefore, Rare Element Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 535.19%.
The historical data trend for Rare Element 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.
Rare Element Resources Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | - | - | 36.87 | 96.56 | 126.06 |
Rare Element Resources Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Effective Interest Rate on Debt % | Get a 7-Day Free Trial | 384.84 | 112.46 | 12.40 | 11.79 | 535.19 |
For the Other Industrial Metals & Mining subindustry, Rare Element 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.
For the Metals & Mining industry and Basic Materials sector, Rare Element Resources's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Rare Element Resources's Effective Interest Rate on Debt % falls into.
Rare Element Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as
Effective Interest Rate on Debt % | ||||||
= | -1 * Interest Expense | / | ( (Total Debt (A: Dec. 2022 ) | + | Total Debt (A: Dec. 2023 )) | / count ) |
= | -1 * -0.312 | / | ( (0.292 | + | 0.203) | / 2 ) |
= | -1 * -0.312 | / | 0.2475 | |||
= | 126.06 % |
where
Total Debt (A: Dec. 2022 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 0.168 | + | 0.124 |
= | 0.292 |
Total Debt (A: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 0.092 | + | 0.111 |
= | 0.203 |
Rare Element Resources'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 * -1.156 | / | ( (0.229 | + | 0.203) | / 2 ) |
= | -1 * -1.156 | / | 0.216 | |||
= | 535.19 % |
where
Total Debt (Q: Sep. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 0.101 | + | 0.128 |
= | 0.229 |
Total Debt (Q: Dec. 2023 ) | |||
= | Long-Term Debt & Capital Lease Obligation | + | Short-Term Debt & Capital Lease Obligation |
= | 0.092 | + | 0.111 |
= | 0.203 |
* 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.
Rare Element Resources (OTCPK:REEMF) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Thank you for viewing the detailed overview of Rare Element Resources's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Paul Joseph Hickey | director | 803 MYLAR PARK DRIVE, CHEYENNE WY 82009 |
Brent Berg | officer: President and CEO | 9384 EAST DIANNA DRIVE, GOLD CANYON AZ 85118 |
Nicole J. Champine | director | 7800 EAST DORADO PLACE, GREENWOOD VILLAGE CO 80111 |
Wayne Rich | officer: Chief Financial Officer | 600 SEVENTEENTH STREET, SUITE 2800 SOUTH, DENVER CO 80202 |
Lowell A Shonk | director | 225 UNION BLVD, SUITE 250, LAKEWOOD CO 80228 |
Randall John Scott | officer: President and CEO | C/O RARE ELEMENT RESOURCES LTD., 225 UNION BLVD SUITE 250, LAKEWOOD CO 80228 |
Paul John Schlauch | director | C/O RARE ELEMENT RESOURCES LTD., 225 UNION BLVD SUITE 250, LAKEWOOD CO 80228 |
Gerald W Grandey | director | 225 UNION BLVD, SUITE 250, LAKEWOOD CO 80228 |
Barton S Brundage | director | 11700 PINE CANYON POINT, PARKER CO 80138 |
Kenneth J. Mushinski | director | 3550 GENERAL ATOMICS COURT, SAN DIEGO CA 92121 |
David I Roberts | director | 3550 GENERAL ATOMICS COURT, SAN DIEGO CA 92121 |
General Atomic Technologies Corp | 10 percent owner | |
Tenaya Corp | 10 percent owner | 3550 GENERAL ATOMICS COURT, SAN DIEGO CA 92121 |
Ynchron | 10 percent owner | 3550 GENERAL ATOMICS COURT, SAN DIEGO CA 92121 |
Norman William Burmeister | director | C/O RARE ELEMENT RESOURCES LTD., 255 UNION BLVD SUITE 250, LAKEWOOD CO 80228 |
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