Balto Resources (TSXV:BAL.H) Effective Interest Rate on Debt % : 56.63% (As of Dec. 2023)

View and export this data going back to 1982. Start your Free Trial

What is Balto 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. Balto Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$0.41 Mil. Balto Resources's average total debt for the quarter that ended in Dec. 2023 was C$0.73 Mil. Therefore, Balto Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 56.63%.

Balto Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Balto 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.

* Premium members only.

Balto Resources Effective Interest Rate on Debt % Chart

Balto Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

32.29

31.24

32.92

40.81

48.55

Balto 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															48.38	50.46	52.51	54.85	56.63

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

For the Other Industrial Metals & Mining subindustry, Balto 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.

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

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

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

Balto Resources Effective Interest Rate on Debt % Calculation

Balto 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 * -0.335	/	( (0.664	+	0.716)	/ 2 )
=	-1 * -0.335	/	0.69
=	48.55 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.664
=	0.664

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.716
=	0.716

Balto 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 * -0.412	/	( (0.728	+	0.727)	/ 2 )
=	-1 * -0.412	/	0.7275
=	56.63 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.728
=	0.728

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.727
=	0.727

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.

Balto Resources (TSXV:BAL.H) Effective Interest Rate on Debt % Explanation

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

Balto Resources Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Balto Resources's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Balto Resources (TSXV:BAL.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Balto Resources Ltd (TSXV:BAL.H) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

850 West Hastings Street, Suite 600, Vancouver, BC, CAN, V6C 1E1

Website

Balto Resources Ltd operates as a resource property development company. It engages in the process of exploration and evaluating its mineral property. The company holds the majority of the working interest in the SED Mineral claims that cover an area of more than 500 hectares located in the Kamloops Mining Division, British Columbia.

Balto Resources (TSXV:BAL.H) Headlines

No Headlines