Churchill Resources (TSXV:CRI) Effective Interest Rate on Debt % : 27.59% (As of Feb. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Churchill 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. Churchill Resources's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was C$0.04 Mil. Churchill Resources's average total debt for the quarter that ended in Feb. 2024 was C$0.15 Mil. Therefore, Churchill Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 27.59%.

Churchill Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Churchill 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.

Churchill Resources Effective Interest Rate on Debt % Chart

Churchill Resources Annual Data

Trend

Aug21

Aug22

Aug23

Effective Interest Rate on Debt %

23.33

31.82

35.71

Churchill Resources Quarterly Data
	May20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial										-	-	-	-	27.59

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

For the Other Industrial Metals & Mining subindustry, Churchill 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.

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

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

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

Churchill Resources Effective Interest Rate on Debt % Calculation

Churchill Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2022 )	+	Total Debt (A: Aug. 2023 ))	/ count )
=	-1 * -0.005	/	( (0.014	+	0)	/ 1 )
=	-1 * -0.005	/	0.014
=	35.71 %

where

	Total Debt (A: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.014
=	0.014

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

Churchill Resources'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 * -0.04	/	( (0	+	0.145)	/ 1 )
=	-1 * -0.04	/	0.145
=	27.59 %

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	+	0.145
=	0.145

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.

Churchill Resources (TSXV:CRI) Effective Interest Rate on Debt % Explanation

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

Churchill Resources Effective Interest Rate on Debt % Related Terms

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

Churchill Resources (TSXV:CRI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Churchill Resources Inc (TSXV:CRI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

133 Richmond Street West, Suite 505, Toronto, BC, CAN, M5H 2L3

Website

https://www.churchilldiamonds.com

Churchill Resources Inc is an Operator of a metals and minerals exploration company focused on high-grade nickel sulfide and diamond projects. The Company holds four exploration projects the Taylor Brook and Florence Lake Nickel Projects in Newfoundland and Labrador, Pelly Bay in Nunavut and White River in Ontario. It has mineralized Nickel-Copper-Cobalt showings at Taylor Brook, Florence Lake, and Pelly Bay, and diamondiferous kimberlites intrusive at White River and Pelly Bay.

Executives

Conan Mcintyre

Director