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Sanatana Resources (Sanatana Resources) Effective Interest Rate on Debt % : 15.74% (As of Dec. 2023)


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What is Sanatana 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. Sanatana Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.09 Mil. Sanatana Resources's average total debt for the quarter that ended in Dec. 2023 was $0.56 Mil. Therefore, Sanatana Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 15.74%.


Sanatana Resources Effective Interest Rate on Debt % Historical Data

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

Sanatana Resources Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Effective Interest Rate on Debt %
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Sanatana 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 - - 3.00 17.81 15.74

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

For the Gold subindustry, Sanatana 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.


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

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

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



Sanatana Resources Effective Interest Rate on Debt % Calculation

Sanatana Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2022 )+Total Debt  (A: Mar. 2023 ))/ count )
=-1  *  0/( (0+0)/ 1 )
=-1  *  0/0
=N/A %

where

Sanatana 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  *  -0.088/( (0.545+0.573)/ 2 )
=-1  *  -0.088/0.559
=15.74 %

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Sanatana Resources  (OTCPK:SADMF) Effective Interest Rate on Debt % Explanation

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


Sanatana Resources Effective Interest Rate on Debt % Related Terms

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Sanatana Resources (Sanatana Resources) Business Description

Traded in Other Exchanges
Address
925 West Georgia Street, Suite 1910, Vancouver, BC, CAN, V6C 3L2
Sanatana Resources Inc is a Canada based exploration stage company. Its business activities include the acquisition, exploration, and development of mineral properties. The properties of the company include Oweegee Dome Project, Gold Rush Project, and Santoy Property.

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