Inspiration Energy (XCNQ:ISP) Effective Interest Rate on Debt % : 61.02% (As of Jan. 2024)

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What is Inspiration Energy 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. Inspiration Energy's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was C$0.04 Mil. Inspiration Energy's average total debt for the quarter that ended in Jan. 2024 was C$0.06 Mil. Therefore, Inspiration Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 61.02%.

Inspiration Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for Inspiration Energy'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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Inspiration Energy Effective Interest Rate on Debt % Chart

Inspiration Energy Annual Data

Trend

Apr21

Apr22

Apr23

Effective Interest Rate on Debt %

Inspiration Energy Quarterly Data
	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								-	-	-	-	61.02

Competitive Comparison of Inspiration Energy's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Inspiration Energy'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.

Inspiration Energy's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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

Inspiration Energy Effective Interest Rate on Debt % Calculation

Inspiration Energy's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2023 is calculated as

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

where

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

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

Inspiration Energy'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 * -0.036	/	( (0	+	0.059)	/ 1 )
=	-1 * -0.036	/	0.059
=	61.02 %

where

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

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.059
=	0.059

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.

Inspiration Energy (XCNQ:ISP) Effective Interest Rate on Debt % Explanation

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

Inspiration Energy Effective Interest Rate on Debt % Related Terms

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Inspiration Energy (XCNQ:ISP) Business Description

Industry

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Traded in Other Exchanges

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Address

789 West Pender Street, Suite 61240, Vancouver, BC, CAN, V6C 1H2

Website

https://www.rockedgeresources.com

Rock Edge Resources Ltd is engaged in the business of acquiring and exploring mineral resource properties. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct its exploration program on the Stockwork Project, Superb Property, Pag North Lithium Project, Maun project and others.

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