Fidelity Minerals (TSXV:FMN) Effective Interest Rate on Debt % : 0.00% (As of Jan. 2025)

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What is Fidelity Minerals 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. Fidelity Minerals's annualized positive value of Interest Expense for the quarter that ended in Jan. 2025 was C$0.00 Mil. Fidelity Minerals's average total debt for the quarter that ended in Jan. 2025 was C$0.51 Mil. Therefore, Fidelity Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2025 was 0.00%.

Fidelity Minerals Effective Interest Rate on Debt % Historical Data

The historical data trend for Fidelity Minerals'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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Fidelity Minerals Effective Interest Rate on Debt % Chart

Fidelity Minerals Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Effective Interest Rate on Debt %

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2.60

Fidelity Minerals 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 Fidelity Minerals's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Fidelity Minerals'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.

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

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

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

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Fidelity Minerals Effective Interest Rate on Debt % Calculation

Fidelity Minerals'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	/	( (0.364	+	0.315)	/ 2 )
=	-1 * 0	/	0.3395
=	0.00 %

where

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.364
=	0.364

	Total Debt (A: Jul. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.315
=	0.315

Fidelity Minerals'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	/	( (0.42	+	0.605)	/ 2 )
=	-1 * 0	/	0.5125
=	0.00 %

where

	Total Debt (Q: Oct. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.42
=	0.42

	Total Debt (Q: Jan. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.605
=	0.605

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.

Fidelity Minerals (TSXV:FMN) Effective Interest Rate on Debt % Explanation

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

Fidelity Minerals Effective Interest Rate on Debt % Related Terms

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Fidelity Minerals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

S5G:Germany

Address

1166 Alberni Street, Suite 1201, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.fidelityminerals.com

Fidelity Minerals Corp is a mineral exploration company focused on mining assets in Peru. The projects of the company include Las Huaquillas, Porphyritic Copper Project, Cerro El Bronce, and Greensands Project (Australia). The other projects of the company include Las Brujas and some projects in the pipeline. The Company operates in one operating segment that is exploration and evaluation of mineral reserves in three countries, corporate in Canada and exploration in Peru and Australia. Maximum of revenue is gained from Peru, and Las Huaquillas Project.

Executives

Lions Bay Capital Inc.	10% Security Holder
Ian Graham	Director, Senior Officer
John Joseph Byrne	Director, Senior Officer
Bahay Ozcakmak	Director
Anthony Bob Balic	Director, Senior Officer