Record Resources (TSXV:REC) Effective Interest Rate on Debt % : 13.79% (As of Dec. 2024)

View and export this data going back to 2012. Start your Free Trial

What is Record 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. Record Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was C$0.00 Mil. Record Resources's average total debt for the quarter that ended in Dec. 2024 was C$0.03 Mil. Therefore, Record Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 13.79%.

Record Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Record 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.

* Premium members only.

Record Resources Effective Interest Rate on Debt % Chart

Record Resources Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

7.41

Record Resources Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	19.51	16.67	13.79

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

For the Other Precious Metals & Mining subindustry, Record 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.

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

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

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

Save Embed

;

Save Embed

;

Record Resources Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2023 )	+	Total Debt (A: Sep. 2024 ))	/ count )
=	-1 * -0.002	/	( (0	+	0.027)	/ 1 )
=	-1 * -0.002	/	0.027
=	7.41 %

where

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

	Total Debt (A: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.027
=	0.027

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2024 )	+	Total Debt (Q: Dec. 2024 ))	/ count )
=	-1 * -0.004	/	( (0.027	+	0.031)	/ 2 )
=	-1 * -0.004	/	0.029
=	13.79 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.027
=	0.027

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.031
=	0.031

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

Record Resources (TSXV:REC) Effective Interest Rate on Debt % Explanation

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

Record Resources Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Record Resources's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Record Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Record Resources Inc (TSXV:REC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

520 3rd Avenue SW, Suite 1900, Calgary, AB, CAN, T2P 0R3

Website

https://www.recordgoldcorp.com

Record Resources Inc is in the process of expanding into the business of exploration and development of mineral resource properties. Its projects include Natural Hydrogen, Lorrain-Bucke Property, Natural Hydrogen, Paradis Bay Property, Grenfell Gold Property, Kirkland Lake, Kenogami East Gold Property, Otto Gold Exploration Properties, and Amikougami Gold Exploration Property.