AJN Resources (XCNQ:AJN) Effective Interest Rate on Debt % : 2.55% (As of Jan. 2024)

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What is AJN 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. AJN Resources's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was C$0.03 Mil. AJN Resources's average total debt for the quarter that ended in Jan. 2024 was C$1.26 Mil. Therefore, AJN Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 2.55%.

AJN Resources Effective Interest Rate on Debt % Historical Data

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

AJN Resources Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Effective Interest Rate on Debt %

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3.59

12.42

12.12

9.21

AJN Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.63	9.97	2.87	2.55	2.55

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

For the Other Industrial Metals & Mining subindustry, AJN 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.

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

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

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

AJN Resources Effective Interest Rate on Debt % Calculation

AJN Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jul. 2022 )	+	Total Debt (A: Jul. 2023 ))	/ count )
=	-1 * -0.112	/	( (1.175	+	1.256)	/ 2 )
=	-1 * -0.112	/	1.2155
=	9.21 %

where

	Total Debt (A: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.175
=	1.175

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.256
=	1.256

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -0.032	/	( (1.256	+	1.256)	/ 2 )
=	-1 * -0.032	/	1.256
=	2.55 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.256
=	1.256

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.256
=	1.256

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

AJN Resources (XCNQ:AJN) Effective Interest Rate on Debt % Explanation

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

AJN Resources Effective Interest Rate on Debt % Related Terms

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AJN Resources (XCNQ:AJN) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

5AT:Germany

Address

1199 West Hastings Street, Suite 1400, Vancouver, BC, CAN, V6E 3T5

Website

https://www.ajnresources.com

AJN Resources Inc is an exploration and development company in Canada. The company is in the business of the exploration and evaluation of mineral properties in Nevada, USA. The company operated in a single reporting segment of acquisition, exploration, and development of mineral properties. It holds an interest in Salt Wells Lithium Project, and potential exploration permits located in the Manono Territory, Tanganyika Province of the Democratic Republic of the Congo.

Executives

Klaus Peter Eckhof	Director, Senior Officer
Mark Richard Gasson	10% Security Holder, Director, Senior Officer

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