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Midland Exploration (TSXV:MD) Effective Interest Rate on Debt % : 18.60% (As of Sep. 2024)


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What is Midland Exploration 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. Midland Exploration's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was C$0.00 Mil. Midland Exploration's average total debt for the quarter that ended in Sep. 2024 was C$0.02 Mil. Therefore, Midland Exploration's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 18.60%.


Midland Exploration Effective Interest Rate on Debt % Historical Data

The historical data trend for Midland Exploration'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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Midland Exploration Effective Interest Rate on Debt % Chart

Midland Exploration Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.30 7.29 7.29 7.52 8.82

Midland Exploration Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 7.21 8.51 10.39 - 18.60

Competitive Comparison of Midland Exploration's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Midland Exploration'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.


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

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

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



Midland Exploration Effective Interest Rate on Debt % Calculation

Midland Exploration's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2023 )+Total Debt  (A: Sep. 2024 ))/ count )
=-1  *  -0.003/( (0.051+0.017)/ 2 )
=-1  *  -0.003/0.034
=8.82 %

where

Total Debt  (A: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.017 + 0.034
=0.051

Midland Exploration's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -0.004/( (0.026+0.017)/ 2 )
=-1  *  -0.004/0.0215
=18.60 %

where

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


Midland Exploration  (TSXV:MD) Effective Interest Rate on Debt % Explanation

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


Midland Exploration Effective Interest Rate on Debt % Related Terms

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Midland Exploration Business Description

Traded in Other Exchanges
Address
1, Place Ville Marie, Bureau 4000, Montreal, QC, CAN, H3B 4M4
Midland Exploration Inc is a company in the mining exploration business. The Corporation's operations include the acquisition and exploration of mining properties in Canada. The company has multiple projects comprising Adam, Casault, Heva, Jouvex, Laflamme, Lewis, Maritime-Cadillac, Mythril, Mythril Regional, Soissons, Nachicapau, Noyelles, Willbob, and others.
Executives
Jean Des Rivieres Director
Mario Masson Senior Officer