Opawica Explorations (TSXV:OPW) Effective Interest Rate on Debt % : 0.00% (As of Feb. 2024)

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What is Opawica Explorations 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. Opawica Explorations's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was C$0.00 Mil. Opawica Explorations's average total debt for the quarter that ended in Feb. 2024 was C$0.04 Mil. Therefore, Opawica Explorations's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 0.00%.

Opawica Explorations Effective Interest Rate on Debt % Historical Data

The historical data trend for Opawica Explorations'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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Opawica Explorations Effective Interest Rate on Debt % Chart

Opawica Explorations Annual Data

Trend

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Effective Interest Rate on Debt %

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Opawica Explorations Quarterly Data
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Competitive Comparison of Opawica Explorations's Effective Interest Rate on Debt %

For the Gold subindustry, Opawica Explorations'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.

Opawica Explorations's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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

Opawica Explorations Effective Interest Rate on Debt % Calculation

Opawica Explorations's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2022 )	+	Total Debt (A: Aug. 2023 ))	/ count )
=	-1 * 0	/	( (0.04	+	0.04)	/ 2 )
=	-1 * 0	/	0.04
=	0.00 %

where

	Total Debt (A: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.04	+	0
=	0.04

	Total Debt (A: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.04
=	0.04

Opawica Explorations'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	/	( (0.04	+	0)	/ 1 )
=	-1 * 0	/	0.04
=	0.00 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.04
=	0.04

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

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.

Opawica Explorations (TSXV:OPW) Effective Interest Rate on Debt % Explanation

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

Opawica Explorations Effective Interest Rate on Debt % Related Terms

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Opawica Explorations (TSXV:OPW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Opawica Explorations Inc (TSXV:OPW) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

OPWEF:USA OE5:Germany

Address

625 Howe Street, Suite 488, Vancouver, BC, CAN, V6C 2T6

Website

https://www.opawica.com

Opawica Explorations Inc is a Canadian-based company engaged in the business of exploration and evaluation of mineral properties. The company owns an interest in several properties including, Arrowhead Gold Property, Bazooka East Gold Property, Bazooka West Gold Property, and others.

Executives

Blake Morgan

Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

Opawica Explorations (TSXV:OPW) Headlines

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