Rainy Mountain Royalty (TSXV:RMO) Effective Interest Rate on Debt % : 7.80% (As of Apr. 2024)

View and export this data going back to 1981. Start your Free Trial

What is Rainy Mountain Royalty 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. Rainy Mountain Royalty's annualized positive value of Interest Expense for the quarter that ended in Apr. 2024 was C$0.05 Mil. Rainy Mountain Royalty's average total debt for the quarter that ended in Apr. 2024 was C$0.62 Mil. Therefore, Rainy Mountain Royalty's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2024 was 7.80%.

Rainy Mountain Royalty Effective Interest Rate on Debt % Historical Data

The historical data trend for Rainy Mountain Royalty'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.

Rainy Mountain Royalty Effective Interest Rate on Debt % Chart

Rainy Mountain Royalty Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

43.38

34.08

30.17

32.96

8.35

Rainy Mountain Royalty Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.42	8.93	8.77	8.62	7.80

Competitive Comparison of Rainy Mountain Royalty's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Rainy Mountain Royalty'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.

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

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

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

Rainy Mountain Royalty Effective Interest Rate on Debt % Calculation

Rainy Mountain Royalty's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Apr. 2023 )	+	Total Debt (A: Apr. 2024 ))	/ count )
=	-1 * -0.05	/	( (0.576	+	0.622)	/ 2 )
=	-1 * -0.05	/	0.599
=	8.35 %

where

	Total Debt (A: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.576
=	0.576

	Total Debt (A: Apr. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.622
=	0.622

Rainy Mountain Royalty's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jan. 2024 )	+	Total Debt (Q: Apr. 2024 ))	/ count )
=	-1 * -0.048	/	( (0.609	+	0.622)	/ 2 )
=	-1 * -0.048	/	0.6155
=	7.80 %

where

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.609
=	0.609

	Total Debt (Q: Apr. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.622
=	0.622

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

Rainy Mountain Royalty (TSXV:RMO) Effective Interest Rate on Debt % Explanation

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

Rainy Mountain Royalty Effective Interest Rate on Debt % Related Terms

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

Rainy Mountain Royalty Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rainy Mountain Royalty Corp (TSXV:RMO) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

EK7N:Germany

Address

1199 West Hastings Street, Suite 800, Vancouver, BC, CAN, V6E 3T5

Website

http://www.rmroyalty.com

Rainy Mountain Royalty Corp is a mineral exploration project generator. The company is engaged in acquiring early-stage exploration opportunities and delivering them drill targets ready to joint venture partners. The company currently holds multiple property interests in Ontario and is primarily focused on shear-hosted gold and base metals properties with associated gold and silver credits. Its property portfolio consists of Marshall Lake and other properties.

Executives

Douglas Lawrence Mason

Director, Senior Officer