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RIINF (Canadian Critical Minerals) Effective Interest Rate on Debt % : 190.91% (As of Aug. 2024)


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What is Canadian Critical 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. Canadian Critical Minerals's annualized positive value of Interest Expense for the quarter that ended in Aug. 2024 was $0.08 Mil. Canadian Critical Minerals's average total debt for the quarter that ended in Aug. 2024 was $0.04 Mil. Therefore, Canadian Critical Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 was 190.91%.


Canadian Critical Minerals Effective Interest Rate on Debt % Historical Data

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

Canadian Critical Minerals Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.88 50.00 66.57 36.53 51.00

Canadian Critical Minerals Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
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 23.70 79.93 566.67 563.64 190.91

Competitive Comparison of Canadian Critical Minerals's Effective Interest Rate on Debt %

For the Other Precious Metals & Mining subindustry, Canadian Critical 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.


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

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

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



Canadian Critical Minerals Effective Interest Rate on Debt % Calculation

Canadian Critical Minerals's annualized Effective Interest Rate on Debt % for the fiscal year that ended in May. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: May. 2023 )+Total Debt  (A: May. 2024 ))/ count )
=-1  *  -0.293/( (1.105+0.044)/ 2 )
=-1  *  -0.293/0.5745
=51.00 %

where

Canadian Critical Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: May. 2024 )+Total Debt  (Q: Aug. 2024 ))/ count )
=-1  *  -0.084/( (0.044+0.044)/ 2 )
=-1  *  -0.084/0.044
=190.91 %

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


Canadian Critical Minerals  (OTCPK:RIINF) Effective Interest Rate on Debt % Explanation

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


Canadian Critical Minerals Effective Interest Rate on Debt % Related Terms

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Canadian Critical Minerals Business Description

Traded in Other Exchanges
Address
16th Street NW, Suite 2520, Calgary, AB, CAN, T2M 3R2
Canadian Critical Minerals Inc is a mining company focused on two near-term copper production assets in Canada. The company's main asset is the 100% owned Bull River Mine project near Cranbrook, British Columbia which has a mineral resource containing copper, gold, and silver. The group's 100% owned Thierry Mine project has a mineral resource containing copper, nickel, palladium, platinum, gold, and silver.

Canadian Critical Minerals Headlines