Quartz Mountain Resources (TSXV:QZM) Effective Interest Rate on Debt % : 19.05% (As of Oct. 2024)

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What is Quartz Mountain Resources 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. Quartz Mountain Resources's annualized positive value of Interest Expense for the quarter that ended in Oct. 2024 was C$0.00 Mil. Quartz Mountain Resources's average total debt for the quarter that ended in Oct. 2024 was C$0.02 Mil. Therefore, Quartz Mountain Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2024 was 19.05%.

Quartz Mountain Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Quartz Mountain Resources'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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Quartz Mountain Resources Effective Interest Rate on Debt % Chart

Quartz Mountain Resources Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Effective Interest Rate on Debt %

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5.94

2.08

11.11

13.51

18.52

Quartz Mountain Resources Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															12.90	14.04	15.38	51.06	19.05

Competitive Comparison of Quartz Mountain Resources's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Quartz Mountain Resources'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.

Quartz Mountain Resources's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Quartz Mountain Resources's Effective Interest Rate on Debt % falls into.

Quartz Mountain Resources Effective Interest Rate on Debt % Calculation

Quartz Mountain Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jul. 2023 )	+	Total Debt (A: Jul. 2024 ))	/ count )
=	-1 * -0.005	/	( (0.032	+	0.022)	/ 2 )
=	-1 * -0.005	/	0.027
=	18.52 %

where

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.022	+	0.01
=	0.032

	Total Debt (A: Jul. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.01	+	0.012
=	0.022

Quartz Mountain Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jul. 2024 )	+	Total Debt (Q: Oct. 2024 ))	/ count )
=	-1 * -0.004	/	( (0.022	+	0.02)	/ 2 )
=	-1 * -0.004	/	0.021
=	19.05 %

where

	Total Debt (Q: Jul. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.01	+	0.012
=	0.022

	Total Debt (Q: Oct. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.007	+	0.013
=	0.02

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

Quartz Mountain Resources (TSXV:QZM) Effective Interest Rate on Debt % Explanation

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

Quartz Mountain Resources Effective Interest Rate on Debt % Related Terms

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Quartz Mountain Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quartz Mountain Resources Ltd (TSXV:QZM) » Definitions » Effective Interest Rate on Debt %

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QZMRF:USA

Address

1040 West Georgia Street, 14th Floor, Vancouver, BC, CAN, V6E 4H1

Website

https://www.quartzmountainresources.com

Quartz Mountain Resources Ltd is in the business of exploring and developing mineral properties in Canada. It is focused on acquiring, exploring, developing, and transacting important scale gold, silver, and copper deposits in British Columbia. The projects that the company holds an interest in are the Maestro project and the Jake project. All the company's assets are located in Canada.

Executives

Robert Allan Dickinson	10% Security Holder, Senior Officer
Matthew Robert Dickinson	Director

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