Enduro Metals (TSXV:ENDR) Effective Interest Rate on Debt % : 15.09% (As of Mar. 2024)

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What is Enduro 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. Enduro Metals's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$0.04 Mil. Enduro Metals's average total debt for the quarter that ended in Mar. 2024 was C$0.29 Mil. Therefore, Enduro Metals's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 15.09%.

Enduro Metals Effective Interest Rate on Debt % Historical Data

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

Enduro Metals Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Effective Interest Rate on Debt %

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12.12

30.92

25.70

13.55

Enduro Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															14.00	13.49	-	13.02	15.09

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

For the Other Precious Metals & Mining subindustry, Enduro 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.

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

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

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

Enduro Metals Effective Interest Rate on Debt % Calculation

Enduro 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 * -0.051	/	( (0.407	+	0.346)	/ 2 )
=	-1 * -0.051	/	0.3765
=	13.55 %

where

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.346	+	0.061
=	0.407

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.215	+	0.131
=	0.346

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.044	/	( (0.33	+	0.253)	/ 2 )
=	-1 * -0.044	/	0.2915
=	15.09 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.196	+	0.134
=	0.33

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.175	+	0.078
=	0.253

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

Enduro Metals (TSXV:ENDR) Effective Interest Rate on Debt % Explanation

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

Enduro Metals Effective Interest Rate on Debt % Related Terms

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Enduro Metals (TSXV:ENDR) Business Description

Industry

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

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Traded in Other Exchanges

ENDMF:USA SOG0:Germany

Address

1632 Dickson Avenue, Suite 202, Kelowna, BC, CAN, V1Y 7T2

Website

https://www.endurometals.com

Enduro Metals Corp is an explorer focused in the heart of British Columbia's Golden Triangle. The company's projects include McLymont, Burgundy, Cuba, and Chachi. It also holds an interest in the Tom Cat Project located southeast of Merritt in south-central British Columbia.

Executives

Cole Stephen Evans

Director, Senior Officer

Enduro Metals (TSXV:ENDR) Headlines

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