Great Atlantic Resources (TSXV:GR) Effective Interest Rate on Debt % : 99.64% (As of Nov. 2024)

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What is Great Atlantic 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. Great Atlantic Resources's annualized positive value of Interest Expense for the quarter that ended in Nov. 2024 was C$0.68 Mil. Great Atlantic Resources's average total debt for the quarter that ended in Nov. 2024 was C$0.69 Mil. Therefore, Great Atlantic Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2024 was 99.64%.

Great Atlantic Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Great Atlantic 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.

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Great Atlantic Resources Effective Interest Rate on Debt % Chart

Great Atlantic Resources Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Effective Interest Rate on Debt %

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4.01

9.39

14.07

8.09

21.12

Great Atlantic Resources Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															17.21	40.33	40.28	1.46	99.64

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

For the Other Industrial Metals & Mining subindustry, Great Atlantic 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.

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

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

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

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Great Atlantic Resources Effective Interest Rate on Debt % Calculation

Great Atlantic Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2023 )	+	Total Debt (A: Feb. 2024 ))	/ count )
=	-1 * -0.089	/	( (0.408	+	0.435)	/ 2 )
=	-1 * -0.089	/	0.4215
=	21.12 %

where

	Total Debt (A: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.318	+	0.09
=	0.408

	Total Debt (A: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.238	+	0.197
=	0.435

Great Atlantic Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2024 )	+	Total Debt (Q: Nov. 2024 ))	/ count )
=	-1 * -0.684	/	( (0.676	+	0.697)	/ 2 )
=	-1 * -0.684	/	0.6865
=	99.64 %

where

	Total Debt (Q: Aug. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.676
=	0.676

	Total Debt (Q: Nov. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.172	+	0.525
=	0.697

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

Great Atlantic Resources (TSXV:GR) Effective Interest Rate on Debt % Explanation

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

Great Atlantic Resources Effective Interest Rate on Debt % Related Terms

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Great Atlantic Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Atlantic Resources Corp (TSXV:GR) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

PH01:Germany PH02:Germany

Address

888 Dunsmuir Street, Suite 888, Vancouver, BC, CAN, V6C 3K4

Website

https://www.greatatlanticresources.com

Great Atlantic Resources Corp is engaged in acquiring, exploring, and evaluating its mineral property interests in Atlantic Canada. Principally, the company explores gold, zinc, tungsten, and antimony. It is focused on the development of various project properties including Golden Promise gold, Pilley's Island, and South Quarry properties located in Newfoundland. The company's New Brunswick project properties comprise kagoot brook, keymet, Macdougall Road, and Porcupine.

Executives

Christopher Ross Anderson	10% Security Holder, Director
Fruchtexpress Grabher Gmbh & Co Kg	10% Security Holder
Barry Everett Brown	Senior Officer

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