Comet Industries (TSXV:CMU) Effective Interest Rate on Debt %: 8.37% (As of Apr. 2026)

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TSXV:CMU Comet Industries Ltd TSXV:CMU
25 GF Score
Price C$5.50
! 2 Warning Signs
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What is Comet Industries Effective Interest Rate on Debt %?

Comet Industries TSXV:CMU 25 Effective Interest Rate on Debt % is 8.37% as of Apr. 2026. GuruFocus rates TSXV:CMU with a GF Score™ of 25/100. The stock has 2 warning signs investors should review.

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. Comet Industries's annualized positive value of Interest Expense for the quarter that ended in Apr. 2026 was C$0.15 Mil. Comet Industries's average total debt for the quarter that ended in Apr. 2026 was C$1.77 Mil. Therefore, Comet Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2026 was 8.37%.


Comet Industries  (TSXV:CMU) Effective Interest Rate on Debt % Explanation

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


Comet Industries Effective Interest Rate on Debt % Related Terms


Comet Industries Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Comet Industries'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.

Comet Industries Effective Interest Rate on Debt % Chart

Comet Industries Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.76 4.07 2.38 48.84 0.19

Comet Industries Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.52 91.14 10.81 0.39 8.37

TSXV:CMU vs CBRE, BEKE, JLL: Effective Interest Rate on Debt % Comparison

For the Real Estate Services subindustry, Comet Industries'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.


Comet Industries Effective Interest Rate on Debt % vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Comet Industries's Effective Interest Rate on Debt % distribution charts can be found below:

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


TSXV:CMU
25GF Score
Comet Industries Ltd TSXV:CMU
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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Comet Industries Effective Interest Rate on Debt % Calculation

Comet Industries's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2026 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jan. 2025 )+Total Debt  (A: Jan. 2026 ))/ count )
=-1  *  -0.002/( (0.043+2.026)/ 2 )
=-1  *  -0.002/1.0345
=0.19 %

where

Total Debt  (A: Jan. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.033 + 0.01
=0.043

Total Debt  (A: Jan. 2026 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.021 + 2.005
=2.026

Comet Industries's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2026 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jan. 2026 )+Total Debt  (Q: Apr. 2026 ))/ count )
=-1  *  -0.148/( (2.026+1.509)/ 2 )
=-1  *  -0.148/1.7675
=8.37 %

where

Total Debt  (Q: Jan. 2026 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.021 + 2.005
=2.026

Total Debt  (Q: Apr. 2026 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.021 + 1.488
=1.509

* 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 (Apr. 2026) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 8.37% mean?
Comet Industries (TSXV:CMU) has a Effective Interest Rate on Debt % of 8.37% as of Apr. 2026. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Comet Industries and its competitors.
Is Comet Industries' Effective Interest Rate on Debt % too high?
Comet Industries' current Effective Interest Rate on Debt % is 8.37%. Overall, Comet Industries has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Comet Industries' Effective Interest Rate on Debt % compare to CBRE and BEKE?
Comet Industries' Effective Interest Rate on Debt % of 8.37% can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Real Estate company?
A good Effective Interest Rate on Debt % depends on the Real Estate industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Comet Industries and its competitors. Comet Industries's current Effective Interest Rate on Debt % is 8.37%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comet Industries stock overvalued right now?
Comet Industries (TSXV:CMU) has a current Effective Interest Rate on Debt % of 8.37%. The current Effective Interest Rate on Debt % is 8.37%. Comet Industries' overall GF Score™ is 25/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Comet Industries (TSXV:CMU), the current Effective Interest Rate on Debt % is 8.37% as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Comet Industries Business Description

Address 1177 West Hastings Street, Suite 1710, Vancouver, BC, CAN, V6E 2L3
Comet Industries Ltd is an exploration-stage company. The Company is engaged in the business of developing properties, including Iron Mask, and holding and managing real properties, all in British Columbia. The company owns unimproved land in Kamloops, Terrace, and Pender Harbor, and a rental property in Vancouver, British Columbia, on a freehold basis. The segments of the company include Investment Properties, Exploration, Properties under Development, and General or Administration. The company generates maximum revenue from the Properties under Development segment.
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Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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