RYMM (Royal Mines & Minerals) Effective Interest Rate on Debt %: 9.83% (As of Jul. 2017)

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What is Royal Mines & Minerals Effective Interest Rate on Debt %?

Royal Mines & Minerals RYMM -99.50% Effective Interest Rate on Debt % is 9.83% as of Jul. 2017.

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. Royal Mines & Minerals's annualized positive value of Interest Expense for the quarter that ended in Jul. 2017 was $0.16 Mil. Royal Mines & Minerals's average total debt for the quarter that ended in Jul. 2017 was $1.63 Mil. Therefore, Royal Mines & Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2017 was 9.83%.


Royal Mines & Minerals  (OTCPK:RYMM) Effective Interest Rate on Debt % Explanation

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


Royal Mines & Minerals Effective Interest Rate on Debt % Related Terms


Royal Mines & Minerals Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Royal Mines & 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.

Royal Mines & Minerals Effective Interest Rate on Debt % Chart

Royal Mines & Minerals Annual Data
Trend Apr08 Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Apr16 Apr17
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.84 9.25 9.19 9.85 9.92

Royal Mines & Minerals Quarterly Data
Oct12 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17
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 9.93 10.09 10.07 9.64 9.83

Royal Mines & Minerals Effective Interest Rate on Debt % Competitor Comparison

For the Other Precious Metals & Mining subindustry, Royal Mines & 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.


Royal Mines & Minerals Effective Interest Rate on Debt % vs Metals & Mining Industry

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

* The bar in red indicates where Royal Mines & Minerals's Effective Interest Rate on Debt % falls into.



Royal Mines & Minerals Effective Interest Rate on Debt % Calculation

Royal Mines & Minerals's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2017 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Apr. 2016 )+Total Debt  (A: Apr. 2017 ))/ count )
=-1  *  -0.137/( (1.176+1.585)/ 2 )
=-1  *  -0.137/1.3805
=9.92 %

where

Total Debt  (A: Apr. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.149 + 0.436
=1.585

Royal Mines & Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Jul. 2017 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Apr. 2017 )+Total Debt  (Q: Jul. 2017 ))/ count )
=-1  *  -0.16/( (1.585+1.671)/ 2 )
=-1  *  -0.16/1.628
=9.83 %

where

Total Debt  (Q: Apr. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.149 + 0.436
=1.585

Total Debt  (Q: Jul. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.149 + 0.522
=1.671

* 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 (Jul. 2017) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 9.83% mean?
Royal Mines & Minerals (RYMM) has a Effective Interest Rate on Debt % of 9.83% as of Jul. 2017. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Royal Mines & Minerals and its competitors.
Is Royal Mines & Minerals' Effective Interest Rate on Debt % too high?
Royal Mines & Minerals' current Effective Interest Rate on Debt % is 9.83%.
How does Royal Mines & Minerals' Effective Interest Rate on Debt % compare to competitors?
Royal Mines & Minerals' Effective Interest Rate on Debt % of 9.83% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Metals & Mining company?
A good Effective Interest Rate on Debt % depends on the Metals & Mining industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Royal Mines & Minerals and its competitors. Royal Mines & Minerals's current Effective Interest Rate on Debt % is 9.83%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royal Mines & Minerals stock overvalued right now?
Royal Mines & Minerals (RYMM) has a current Effective Interest Rate on Debt % of 9.83%. The current Effective Interest Rate on Debt % is 9.83%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Royal Mines & Minerals (RYMM), the current Effective Interest Rate on Debt % is 9.83% as of Jul. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Royal Mines & Minerals Business Description

Address 1080 Wigwam Parkway, Henderson, NV, USA, 89072
Royal Mines & Minerals Corp is involved in the business of the development of mining technologies for the extraction of precious metals. Its main objectives are to extract and refine precious metals from coal ash, ores, and other leachable assets, use its proprietary processes to create assets and joint venture, acquire and develop mining projects in North America.