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Range Impact (Range Impact) Effective Interest Rate on Debt % : 6.86% (As of Mar. 2024)


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What is Range Impact 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. Range Impact's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.70 Mil. Range Impact's average total debt for the quarter that ended in Mar. 2024 was $10.21 Mil. Therefore, Range Impact's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.86%.


Range Impact Effective Interest Rate on Debt % Historical Data

The historical data trend for Range Impact'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.

* Premium members only.

Range Impact Effective Interest Rate on Debt % Chart

Range Impact Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 1.60 6.54

Range Impact Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 3.53 4.88 6.73 10.12 6.86

Competitive Comparison of Range Impact's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Range Impact'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.


Range Impact's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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



Range Impact Effective Interest Rate on Debt % Calculation

Range Impact'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  *  -0.506/( (5.057+10.406)/ 2 )
=-1  *  -0.506/7.7315
=6.54 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.738 + 1.319
=5.057

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.25 + 5.156
=10.406

Range Impact's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -0.7/( (10.406+10.01)/ 2 )
=-1  *  -0.7/10.208
=6.86 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.25 + 5.156
=10.406

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.096 + 4.914
=10.01

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


Range Impact  (OTCPK:RNGE) Effective Interest Rate on Debt % Explanation

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


Range Impact Effective Interest Rate on Debt % Related Terms

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Range Impact (Range Impact) Business Description

Traded in Other Exchanges
N/A
Address
200 Park Avenue, Suite 400, Cleveland, OH, USA, 44122
Range Impact Inc is dedicated to improving the health and wellness of people and the planet through a novel and innovative approach to impact investing. Range Impact owns and operates several complementary operating businesses focused on developing long-term solutions to environmental, social, and health challenges, with a particular focus on acquiring, reclaiming and repurposing mine sites and other undervalued land in economically disadvantaged communities throughout Appalachia. Range Impact takes an opportunistic approach to impact investing by leveraging its competitive advantages and looking at solving old problems in new ways.
Executives
Edward F Feighan director 10055 SWEET VALLEY DRIVE, CLEVELAND OH 44125
Michael R. Cavanaugh director 18545 PARKLAND DRIVE, SHAKER HEIGHTS OH 44122
Joseph E. Loconti 10 percent owner 6140 PARKLAND BLVD., MAYFIELD HEIGHTS OH 44124
Indemnity National Insurance Co 10 percent owner 238 BEDFORD WAY, FRANKLIN TN 37064
Brandon Joel Zipp officer: Chief Science Officer 2439 EVERLEY CIRCLE, ROSEVILLE CA 95747
Richard Mckilligan officer: CFO, Secretary and Counsel 10990 WILSHIRE BOULEVARD, STE 1410, LOS ANGELES CA 90024
Richard F Celeste director C/O GLIMCHER REALTY TRUST, 180 EAST BROAD STREET, COLUMBUS OH 43215
Maida Anthony E Iii director 157 TECHNOLOGY DR, IRVINE CA 92618
Robert T. Brooke officer: VP of Business Devevlopment 1601 N. SEPULVEDA BLVD., #632, MANHATTAN BEACH CA 90266
Avtar S Dhillon director, 10 percent owner, officer: President,CEO,CFO,Sec and Tres C/O GENETRONICS INC, 11199 SORRENTO VALLEY ROAD, SAN DIEGO CA 92121
Tao Chen director, 10 percent owner, officer: President SUITE 403, 2-46 DEZHENNAN ROAD, GUANGZHOU CITY, GUANGDONG PROV F4 111111111