Crestview Exploration (XCNQ:CRS) Effective Interest Rate on Debt % : 16.00% (As of Feb. 2024)

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What is Crestview Exploration 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. Crestview Exploration's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was C$0.00 Mil. Crestview Exploration's average total debt for the quarter that ended in Feb. 2024 was C$0.03 Mil. Therefore, Crestview Exploration's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 16.00%.

Crestview Exploration Effective Interest Rate on Debt % Historical Data

The historical data trend for Crestview Exploration'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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Crestview Exploration Effective Interest Rate on Debt % Chart

Crestview Exploration Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Effective Interest Rate on Debt %

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16.67

9.41

2.53

Crestview Exploration Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	-	16.00

Competitive Comparison of Crestview Exploration's Effective Interest Rate on Debt %

For the Gold subindustry, Crestview Exploration'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.

Crestview Exploration's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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

Crestview Exploration Effective Interest Rate on Debt % Calculation

Crestview Exploration's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Nov. 2022 )	+	Total Debt (A: Nov. 2023 ))	/ count )
=	-1 * -0.001	/	( (0	+	0)	/ 1 )
=	-1 * -0.001	/	0
=	N/A %

where

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

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

Crestview Exploration's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -0.004	/	( (0	+	0.025)	/ 1 )
=	-1 * -0.004	/	0.025
=	16.00 %

where

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

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.025
=	0.025

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

Crestview Exploration (XCNQ:CRS) Effective Interest Rate on Debt % Explanation

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

Crestview Exploration Effective Interest Rate on Debt % Related Terms

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Crestview Exploration (XCNQ:CRS) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

CE7:Germany

Address

330 5th Avenue SW, Calgary, AB, CAN, T2P 0L3

Website

http://www.crestviewexploration.com

Crestview Exploration Inc is a technology-driven, well-funded and experienced exploration company focused on finding gold and silver deposits in mining-friendly jurisdictions. The Rock Creek, Divide, and Castile Mountain properties are situated in the Tuscarora Mountains of northern Elko County, Nevada. It has one operating segment, the sector of exploration and evaluation of mineral resources. The company's Tuscarora properties combined comprise a total of 101 unpatented lode mining claims, with 74 claims at Rock Creek, 19 claims at Divide, and 8 claims at Castile Mountain.

Executives

Christopher James Wensley

Director