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Whitemud Resources (TSXV:WMK) Effective Interest Rate on Debt % : 3.87% (As of Jun. 2024)


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What is Whitemud 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. Whitemud Resources's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was C$0.22 Mil. Whitemud Resources's average total debt for the quarter that ended in Jun. 2024 was C$5.69 Mil. Therefore, Whitemud Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 3.87%.


Whitemud Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Whitemud 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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Whitemud Resources Effective Interest Rate on Debt % Chart

Whitemud Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.48 0.19 - 0.18 0.35

Whitemud Resources Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 7.02 1.40 2.72 3.87

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

For the Other Industrial Metals & Mining subindustry, Whitemud 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.


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

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

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



Whitemud Resources Effective Interest Rate on Debt % Calculation

Whitemud Resources'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  *  -0.004/( (1.14+1.14)/ 2 )
=-1  *  -0.004/1.14
=0.35 %

where

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2024 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  -0.22/( (4.158+7.214)/ 2 )
=-1  *  -0.22/5.686
=3.87 %

where

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3.018 + 1.14
=4.158

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.074 + 1.14
=7.214

* 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.

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


Whitemud Resources  (TSXV:WMK) Effective Interest Rate on Debt % Explanation

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


Whitemud Resources Effective Interest Rate on Debt % Related Terms

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Whitemud Resources Business Description

Traded in Other Exchanges
N/A
Address
205 - 5th Avenue SW, Suite 3900, Bow Valley Square 2, Calgary, AB, CAN, T2P 2V7
Whitemud Resources Inc operates in two segments, namely Metakaolin, which includes mining, processing, and marketing kaolin and metakaolin; and Commodities, which manages and marketing commodities. The majority of its revenue comes from the commodities segment.
Executives
Stanley Alex Owerko Director, Director or Senior Officer of 10% Security Holder, Senior Officer
Randall J. Findlay Director
Vincent Davoli Director

Whitemud Resources Headlines

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