SICNF (Sokoman Minerals) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2024)

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What is Sokoman 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. Sokoman Minerals's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $0.00 Mil. Sokoman Minerals's average total debt for the quarter that ended in Sep. 2024 was $0.00 Mil. Therefore, Sokoman Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was N/A%.

Sokoman Minerals Effective Interest Rate on Debt % Historical Data

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

Sokoman Minerals Annual Data

Trend

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Effective Interest Rate on Debt %

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Sokoman Minerals Quarterly Data
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Competitive Comparison of Sokoman Minerals's Effective Interest Rate on Debt %

For the Gold subindustry, Sokoman 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.

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

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

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

Sokoman Minerals Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2023 )	+	Total Debt (A: Jun. 2024 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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

Sokoman Minerals (OTCPK:SICNF) Effective Interest Rate on Debt % Explanation

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

Sokoman Minerals Effective Interest Rate on Debt % Related Terms

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Sokoman Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sokoman Minerals Corp (OTCPK:SICNF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

3PJ1:Germany 3PJ1:Germany SIC:Canada

Address

82 Richmond Street East, The Canadian Venture Building, Toronto, ON, CAN, M5C 1P1

Website

https://www.sokomanmineralscorp.com

Sokoman Minerals Corp is a discovery-oriented company with projects in the province of Newfoundland and Labrador, Canada. The company's primary focus is its portfolio of gold projects: flagship, advanced-stage Moosehead, Crippleback Lake, and East Alder, Unity Resource, Fleur de Lys, Benton Joint Venture, and other projects.