LFNT Resources (XCNQ:LFNT) Effective Interest Rate on Debt % : 0.00% (As of Jan. 2024)

View and export this data going back to 2023. Start your Free Trial

What is LFNT 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. LFNT Resources's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was C$0.00 Mil. LFNT Resources's average total debt for the quarter that ended in Jan. 2024 was C$0.00 Mil. Therefore, LFNT Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was N/A%.

LFNT Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for LFNT 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.

* Premium members only.

LFNT Resources Effective Interest Rate on Debt % Chart

LFNT Resources Annual Data

Trend

Oct22

Oct23

Effective Interest Rate on Debt %

LFNT Resources Quarterly Data
	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	-	-	-	-	-

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

For the Other Industrial Metals & Mining subindustry, LFNT 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.

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

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

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

LFNT Resources Effective Interest Rate on Debt % Calculation

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

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

where

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

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

LFNT 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	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

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
=	0

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.

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

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

LFNT Resources Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of LFNT Resources's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

LFNT Resources (XCNQ:LFNT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

750 West Pender Street, Suite 401, Vancouver, BC, CAN, V6C 2T7

Website

LFNT Resources Corp y is currently engaged in the business of exploration of mineral properties in Canada. Its activities include the acquisition, exploration, and development of mineral exploration properties. It holds interest in Skyfire Property which consists of nearly 7 mining cell claims totaling approximately 1897 hectares of land in the Cariboo Mining Division, British Columbia, Canada.

LFNT Resources (XCNQ:LFNT) Headlines

No Headlines