Brixton Metals (TSXV:BBB) Effective Interest Rate on Debt % : 18.05% (As of Jun. 2024)

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What is Brixton Metals 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. Brixton Metals's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was C$0.01 Mil. Brixton Metals's average total debt for the quarter that ended in Jun. 2024 was C$0.07 Mil. Therefore, Brixton Metals's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 18.05%.

Brixton Metals Effective Interest Rate on Debt % Historical Data

The historical data trend for Brixton Metals'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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Brixton Metals Effective Interest Rate on Debt % Chart

Brixton Metals Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Effective Interest Rate on Debt %

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17.05

18.05

13.56

15.18

Brixton Metals Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															14.81	16.41	22.86	15.48	18.05

Competitive Comparison of Brixton Metals's Effective Interest Rate on Debt %

For the Other Precious Metals & Mining subindustry, Brixton Metals'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.

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

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

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

Brixton Metals Effective Interest Rate on Debt % Calculation

Brixton Metals's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2022 )	+	Total Debt (A: Sep. 2023 ))	/ count )
=	-1 * -0.017	/	( (0.132	+	0.092)	/ 2 )
=	-1 * -0.017	/	0.112
=	15.18 %

where

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.093	+	0.039
=	0.132

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.049	+	0.043
=	0.092

Brixton Metals's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -0.012	/	( (0.072	+	0.061)	/ 2 )
=	-1 * -0.012	/	0.0665
=	18.05 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.026	+	0.046
=	0.072

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.013	+	0.048
=	0.061

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

Brixton Metals (TSXV:BBB) Effective Interest Rate on Debt % Explanation

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

Brixton Metals Effective Interest Rate on Debt % Related Terms

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Brixton Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Brixton Metals Corp (TSXV:BBB) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

BBBXF:USA 8BX1:Germany

Address

409 Granville Street, Suite 551, Vancouver, BC, CAN, V6C 1T2

Website

https://www.brixtonmetals.com

Brixton Metals Corp is a Canadian exploration and development company. It focuses on the acquisition, exploration, and development of mineral properties. operates in one segment the acquisition, exploration, and evaluation of resource assets located in British Columbia and Ontario, Canada, and Montana, USA. The company owns four projects in Canada and the USA, the Thorn gold-silver project, the Hog Heaven silver-gold project, the Langis-Hudson Bay silver-cobalt project, and the Atlin Goldfields project.

Executives

Christina Anstey	Senior Officer
Gary Robert Thompson	Director or Senior Officer of 10% Security Holder
2176423 Ontario Ltd.	10% Security Holder
Eric Sprott	10% Security Holder
Randall Thompson	Director

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