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Cantex Mine Development (TSXV:CD) Effective Interest Rate on Debt % : 0.00% (As of Jan. 2025)


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What is Cantex Mine Development 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. Cantex Mine Development's annualized positive value of Interest Expense for the quarter that ended in Jan. 2025 was C$0.00 Mil. Cantex Mine Development's average total debt for the quarter that ended in Jan. 2025 was C$0.18 Mil. Therefore, Cantex Mine Development's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2025 was 0.00%.


Cantex Mine Development Effective Interest Rate on Debt % Historical Data

The historical data trend for Cantex Mine Development'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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Cantex Mine Development Effective Interest Rate on Debt % Chart

Cantex Mine Development Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Effective Interest Rate on Debt %
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Cantex Mine Development Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
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Competitive Comparison of Cantex Mine Development's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Cantex Mine Development'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.


Cantex Mine Development's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Cantex Mine Development's Effective Interest Rate on Debt % falls into.


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Cantex Mine Development Effective Interest Rate on Debt % Calculation

Cantex Mine Development's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jul. 2023 )+Total Debt  (A: Jul. 2024 ))/ count )
=-1  *  0/( (0.154+0.289)/ 2 )
=-1  *  0/0.2215
=0.00 %

where

Total Debt  (A: Jul. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.114 + 0.175
=0.289

Cantex Mine Development's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2025 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Oct. 2024 )+Total Debt  (Q: Jan. 2025 ))/ count )
=-1  *  0/( (0.181+0.186)/ 2 )
=-1  *  0/0.1835
=0.00 %

where

Total Debt  (Q: Oct. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.114 + 0.067
=0.181

Total Debt  (Q: Jan. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.114 + 0.072
=0.186

* 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 (Jan. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Cantex Mine Development  (TSXV:CD) Effective Interest Rate on Debt % Explanation

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


Cantex Mine Development Effective Interest Rate on Debt % Related Terms

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Cantex Mine Development Business Description

Traded in Other Exchanges
Address
203-1634 Harvey Avenue, Kelowna, BC, CAN, V1Y 6G2
Cantex Mine Development Corp is a Canada-based exploration-stage company. The principal activities of the company include the acquisition and exploration of mineral properties for commercial mineral deposits. The company holds an interest in several properties in Yemen including Al Hariqah. Its exploration and mineral properties in Nevada. The company holds an interest in a few claim blocks located in Yukon. The company operates through a single segment Mineral Exploration. Geographically it operates in Canada, Yemen, and the United States of America, and the majority of its revenue is generated from Canada.
Executives
Vernon Frolick Director
Charles Edgar Fipke Director, Senior Officer
Chad Stanley Ulansky Director, Senior Officer
Dundee Corporation 10% Security Holder
Robert Douglas Cudney 10% Security Holder
Jennifer Lee Irons Senior Officer
Keiven Bauer Senior Officer