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Rare Element Resources (Rare Element Resources) Effective Interest Rate on Debt % : 535.19% (As of Dec. 2023)


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What is Rare Element Resources 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. 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%.


Rare Element Resources Effective Interest Rate on Debt % Historical Data

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.

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Rare Element Resources Effective Interest Rate on Debt % Chart

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 Premium Member Only Premium Member Only - - 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 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 384.84 112.46 12.40 11.79 535.19

Competitive Comparison of Rare Element Resources's Effective Interest Rate on Debt %

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.


Rare Element Resources's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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 Effective Interest Rate on Debt % Calculation

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.


Rare Element Resources Effective Interest Rate on Debt % Related Terms

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Rare Element Resources (Rare Element Resources) Business Description

Traded in Other Exchanges
N/A
Address
P.O. Box 271049, Littleton, CO, USA, 80127
Rare Element Resources Ltd is a mineral resource company. It focuses on the exploration and development of rare-earth element deposits that carry a favorable distribution of critical rare earth. The company is advancing the development of the 100% owned Bear Lodge REE Project, located in northeast Wyoming.
Executives
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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