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DeepRock Minerals (XCNQ:DEEP) Effective Interest Rate on Debt % : 0.00% (As of Nov. 2024)


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What is DeepRock Minerals 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. DeepRock Minerals's annualized positive value of Interest Expense for the quarter that ended in Nov. 2024 was C$0.00 Mil. DeepRock Minerals's average total debt for the quarter that ended in Nov. 2024 was C$0.01 Mil. Therefore, DeepRock Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2024 was 0.00%.


DeepRock Minerals Effective Interest Rate on Debt % Historical Data

The historical data trend for DeepRock Minerals'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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DeepRock Minerals Effective Interest Rate on Debt % Chart

DeepRock Minerals Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
Effective Interest Rate on Debt %
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DeepRock Minerals Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
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Competitive Comparison of DeepRock Minerals's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, DeepRock Minerals'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.


DeepRock Minerals's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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


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DeepRock Minerals Effective Interest Rate on Debt % Calculation

DeepRock Minerals's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Nov. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Nov. 2023 )+Total Debt  (A: Nov. 2024 ))/ count )
=-1  *  0/( (0.009+0.009)/ 2 )
=-1  *  0/0.009
=0.00 %

where

DeepRock Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Aug. 2024 )+Total Debt  (Q: Nov. 2024 ))/ count )
=-1  *  0/( (0.009+0.009)/ 2 )
=-1  *  0/0.009
=0.00 %

where

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


DeepRock Minerals  (XCNQ:DEEP) Effective Interest Rate on Debt % Explanation

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


DeepRock Minerals Effective Interest Rate on Debt % Related Terms

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DeepRock Minerals Business Description

Traded in Other Exchanges
N/A
Address
800 West Pender Street, Suite 1518, Vancouver, BC, CAN, V6C 2V6
DeepRock Minerals Inc is a mineral exploration and development company. It holds an interest in the Ralleau, Golden Gate, Lugar, Esperanca, Romanium, and Dragon Valley properties. The company has two geographic segments which are Canada and Brazil.
Executives
Matthew Reams Director, Senior Officer
Richard Shatto Director

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