Surge Copper (TSXV:SURG) Effective Interest Rate on Debt % : 13.19% (As of Dec. 2023)

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What is Surge Copper 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. Surge Copper's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$0.01 Mil. Surge Copper's average total debt for the quarter that ended in Dec. 2023 was C$0.09 Mil. Therefore, Surge Copper's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 13.19%.

Surge Copper Effective Interest Rate on Debt % Historical Data

The historical data trend for Surge Copper'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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Surge Copper Effective Interest Rate on Debt % Chart

Surge Copper Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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6.06

10.60

11.26

Surge Copper Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															35.24	11.11	11.71	12.37	13.19

Competitive Comparison of Surge Copper's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Surge Copper'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.

Surge Copper's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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

Surge Copper Effective Interest Rate on Debt % Calculation

Surge Copper's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -0.013	/	( (0.126	+	0.105)	/ 2 )
=	-1 * -0.013	/	0.1155
=	11.26 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.105	+	0.021
=	0.126

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.08	+	0.025
=	0.105

Surge Copper's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.012	/	( (0.094	+	0.088)	/ 2 )
=	-1 * -0.012	/	0.091
=	13.19 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.069	+	0.025
=	0.094

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.063	+	0.025
=	0.088

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Surge Copper (TSXV:SURG) Effective Interest Rate on Debt % Explanation

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

Surge Copper Effective Interest Rate on Debt % Related Terms

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Surge Copper (TSXV:SURG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Surge Copper Corp (TSXV:SURG) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

SRGXF:USA G6D2:Germany

Address

888-700 West Georgia Street, PO Box 10351, Vancouver, BC, CAN, V7Y 1G5

Website

https://www.surgecopper.com

Surge Copper Corp is engaged in the acquisition, exploration, and development of mineral properties hosting copper, gold, silver, and molybdenum prospects. The firm owns Ootsa Property, located in central British Columbia. The Company owns a 100% interest in the Ootsa Property, an exploration project containing the East Seel, West Seel, and Ox porphyry deposits located adjacent to the open pit Huckleberry Copper Mine, owned by Imperial Metals.

Executives

Christian Peter Kargl-simard

Director