Monarca Minerals (TSXV:MMN) Effective Interest Rate on Debt % : 26.89% (As of Feb. 2024)

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What is Monarca 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. Monarca Minerals's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was C$0.36 Mil. Monarca Minerals's average total debt for the quarter that ended in Feb. 2024 was C$1.32 Mil. Therefore, Monarca Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 26.89%.

Monarca Minerals Effective Interest Rate on Debt % Historical Data

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

Monarca Minerals Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Effective Interest Rate on Debt %

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14.72

11.00

18.26

20.97

24.83

Monarca Minerals Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	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															22.88	25.24	26.27	26.28	26.89

Competitive Comparison of Monarca Minerals's Effective Interest Rate on Debt %

For the Other Precious Metals & Mining subindustry, Monarca 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.

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

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

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

Monarca Minerals Effective Interest Rate on Debt % Calculation

Monarca Minerals's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2022 )	+	Total Debt (A: Nov. 2023 ))	/ count )
=	-1 * -0.32	/	( (1.254	+	1.324)	/ 2 )
=	-1 * -0.32	/	1.289
=	24.83 %

where

	Total Debt (A: Nov. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.254
=	1.254

	Total Debt (A: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.324
=	1.324

Monarca Minerals'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 * -0.356	/	( (1.324	+	1.324)	/ 2 )
=	-1 * -0.356	/	1.324
=	26.89 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.324
=	1.324

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.324
=	1.324

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.

Monarca Minerals (TSXV:MMN) Effective Interest Rate on Debt % Explanation

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

Monarca Minerals Effective Interest Rate on Debt % Related Terms

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Monarca Minerals (TSXV:MMN) Business Description

Industry

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ORAGF:USA OSI2:Germany

Address

18 King Street East Street, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.monarcaminerals.com

Monarca Minerals Inc is in the process of exploring and evaluating its exploration and evaluation property interests in Mexico. Its project portfolio includes Tejamen, San Lucas, San Jose, and El Sol. The primary focus of new work at Tejamen consists of follow-up core drilling. Outcrop sampling identified two parallel gold-silver zones, known as the El Doctor zone (Noche Buena). Several small mines exist on the El Sol concession. It is a historical mining area since the 1600s and is in the Avino Mining District.

Executives

Carlos Enrique Espinosa Jove

Director

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