ProAm Explorations (TSXV:PMX) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2024)

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

ProAm Explorations Effective Interest Rate on Debt % Historical Data

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

ProAm Explorations Annual Data

Trend

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Effective Interest Rate on Debt %

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

For the Oil & Gas E&P subindustry, ProAm 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.

ProAm Explorations's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ProAm Explorations's Effective Interest Rate on Debt % distribution charts can be found below:

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

ProAm Explorations Effective Interest Rate on Debt % Calculation

ProAm Explorations'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	/	( (0.049	+	0.049)	/ 2 )
=	-1 * 0	/	0.049
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.029	+	0.02
=	0.049

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.049
=	0.049

ProAm Explorations'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	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

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

ProAm Explorations (TSXV:PMX) Effective Interest Rate on Debt % Explanation

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

ProAm Explorations Effective Interest Rate on Debt % Related Terms

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ProAm Explorations Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ProAm Explorations Corp (TSXV:PMX) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

867 West 3rd Street, North Vancouver, Vancouver, BC, CAN, V7P 1E2

Website

ProAm Explorations Corp is a junior mineral and oil and natural gas exploration and development company. It operates in Canada and the United States. Mineral exploration is focused in the USA Canada while little oil and natural gas activity has been pursued. The company is a junior exploration company putting its emphasis on mineral properties as economic conditions in natural gas markets have been unsettled. It has a single operating segment the acquisition, exploration and development of resource properties. The firm holds interest in Utah Property, Jet Property, Tucker County, and Samuel Lake property.

Executives

Macdonald Maureen	Director or Senior Officer of 10% Security Holder
Glencoe-macdonald Holdings Ltd.	10% Security Holder
Donald Leo Macdonald	Senior Officer