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RMESF (Red Metal Resources) Effective Interest Rate on Debt % : 7.61% (As of Apr. 2024)


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What is Red Metal 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. Red Metal Resources's annualized positive value of Interest Expense for the quarter that ended in Apr. 2024 was $0.15 Mil. Red Metal Resources's average total debt for the quarter that ended in Apr. 2024 was $1.94 Mil. Therefore, Red Metal Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2024 was 7.61%.


Red Metal Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Red Metal 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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Red Metal Resources Effective Interest Rate on Debt % Chart

Red Metal Resources Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.83 8.92 7.93 8.42 8.00

Red Metal Resources Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 7.93 8.24 7.94 8.15 7.61

Competitive Comparison of Red Metal Resources's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Red Metal 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.


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

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

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



Red Metal Resources Effective Interest Rate on Debt % Calculation

Red Metal Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jan. 2023 )+Total Debt  (A: Jan. 2024 ))/ count )
=-1  *  -0.142/( (1.641+1.909)/ 2 )
=-1  *  -0.142/1.775
=8.00 %

where

Red Metal Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jan. 2024 )+Total Debt  (Q: Apr. 2024 ))/ count )
=-1  *  -0.148/( (1.909+1.98)/ 2 )
=-1  *  -0.148/1.9445
=7.61 %

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


Red Metal Resources  (OTCPK:RMESF) Effective Interest Rate on Debt % Explanation

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


Red Metal Resources Effective Interest Rate on Debt % Related Terms

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Red Metal Resources Business Description

Traded in Other Exchanges
Address
1130 West Pender Street, Suite 820, Vancouver, BC, CAN, V6E 4A4
Red Metal Resources Ltd is involved in acquiring and exploring mineral properties in Chile. The company's interest in exploration and evaluation assets consisted of three active copper-gold projects on two properties, namely the Farellon and Perth Projects both located on the Carrizal Property, and the Mateo Project located on the Mateo Property.
Executives
Richard Jeffs 10 percent owner FLAT 7, 6 ENNISMORE GARDENS, LONDON X0 SW7 1NL
Caitlin Jeffs director 195 PARK AVENUE, THUNDER BAY A6 P7B 1B9
Jeffrey Cocks director 118 8TH AVE. NW, CALGARY A0 T2M 0A4
Michael Thompson director 195 PARK AVENUE, THUNDER BAY A6 P7B 1B9
Mcfarlane Cody Michael director PUNTA NOGALES 1324, HOUSE 19, SANTIAGO F3 000000
Joao Dacosta officer: Chief Financial Officer #810 - 789 WEST PENDER STREET, VANCOUVER A1 V6C 1H2
Susan Jeffs 10 percent owner 4 MONTPELIER STREET, SUITE 521, LONDON X0 SW7 1EE
Robert Andjelic 10 percent owner P.O. BOX 69, MILLARVILLE A0 1KO
Laboa Holdings Inc. 10 percent owner SUITE 1-A, #5, CALLE EUSEBIO A. MORALES, EL CANGREJO, PANAMA CITY R1 00000
Kevin Mitchell 10 percent owner ALONSO DE ERCILLA #733, VALLENAR F3 00000
Cicco John Di director, 10 percent owner, officer: CEO, President, and CFO 10168 LAWSON DRIVE, RICHMOND A1 V7E 5M3

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