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Nickel North Exploration (TSXV:NNX) Effective Interest Rate on Debt % : 10.39% (As of Sep. 2024)


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What is Nickel North 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. Nickel North Exploration's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was C$0.24 Mil. Nickel North Exploration's average total debt for the quarter that ended in Sep. 2024 was C$2.35 Mil. Therefore, Nickel North Exploration's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 10.39%.


Nickel North Exploration Effective Interest Rate on Debt % Historical Data

The historical data trend for Nickel North 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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Nickel North Exploration Effective Interest Rate on Debt % Chart

Nickel North Exploration Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.08 9.71 10.46 9.98 9.77

Nickel North 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 9.75 9.84 9.54 9.82 10.39

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

For the Other Industrial Metals & Mining subindustry, Nickel North 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.


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

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

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



Nickel North Exploration Effective Interest Rate on Debt % Calculation

Nickel North Exploration's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -0.191/( (1.796+2.112)/ 2 )
=-1  *  -0.191/1.954
=9.77 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.06 + 2.052
=2.112

Nickel North 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  *  -0.244/( (2.318+2.378)/ 2 )
=-1  *  -0.244/2.348
=10.39 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.06 + 2.258
=2.318

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.063 + 2.315
=2.378

* 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.


Nickel North Exploration  (TSXV:NNX) Effective Interest Rate on Debt % Explanation

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


Nickel North Exploration Effective Interest Rate on Debt % Related Terms

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Nickel North Exploration Business Description

Traded in Other Exchanges
N/A
Address
750 West Pender Street, Suite 1105, Vancouver, BC, CAN, V6C 2T8
Nickel North Exploration Corp is a Canada-based company. The Company is engaged in the acquisition, exploration, and evaluation of mineral property interests in Canada. The company's key property consists of the Hawk Ridge Property in Quebec.
Executives
Tony Guo Director

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