Sun Summit Minerals (Sun Summit Minerals) Effective Interest Rate on Debt % : 0.00% (As of Feb. 2024)

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

Sun Summit Minerals Effective Interest Rate on Debt % Historical Data

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

Sun Summit Minerals Annual Data

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Effective Interest Rate on Debt %

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

For the Other Industrial Metals & Mining subindustry, Sun Summit 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.

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

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

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

Sun Summit Minerals Effective Interest Rate on Debt % Calculation

Sun Summit Minerals's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

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

where

	Total Debt (A: Nov. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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

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

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

where

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

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

Sun Summit Minerals (OTCPK:SMREF) Effective Interest Rate on Debt % Explanation

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

Sun Summit Minerals Effective Interest Rate on Debt % Related Terms

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Sun Summit Minerals (Sun Summit Minerals) Business Description

Industry

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

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SMN:Canada

Address

889 West Pender Street, c/o Suite 800, Vancouver, BC, CAN, V6C 3B2

Website

https://www.sunsummitminerals.com

Sun Summit Minerals Corp is a Canadian mineral exploration company. The company is focused on developing a resource at the flagship Buck Project located in central British Columbia. Its projects include Chunibas Project, 1068 Project, and Other Projects. The company conducts its operations in Canada and Mexico.

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