Mistango River Resources (XCNQ:MIS) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2024)

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What is Mistango River 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. Mistango River Resources's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was C$0.00 Mil. Mistango River Resources's average total debt for the quarter that ended in Jun. 2024 was C$0.10 Mil. Therefore, Mistango River Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 0.00%.

Mistango River Resources Effective Interest Rate on Debt % Historical Data

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

Mistango River Resources Annual Data

Trend

Dec14

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Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.13

Mistango River Resources Quarterly Data
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Competitive Comparison of Mistango River Resources's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Mistango River 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.

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

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

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

Mistango River Resources Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * 0	/	( (0.185	+	0.12)	/ 2 )
=	-1 * 0	/	0.1525
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.064	+	0.121
=	0.185

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.005	+	0.115
=	0.12

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * 0	/	( (0.105	+	0.091)	/ 2 )
=	-1 * 0	/	0.098
=	0.00 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.105
=	0.105

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.091
=	0.091

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

Mistango River Resources (XCNQ:MIS) Effective Interest Rate on Debt % Explanation

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

Mistango River Resources Effective Interest Rate on Debt % Related Terms

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Mistango River Resources Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

55 University Avenue, Suite 1805, Toronto, ON, CAN, M5J 2H7

Website

https://www.mistango.com

Mistango River Resources Inc is a Canadian-based junior mining and exploration company. The principal business of the company is the acquisition and exploration of mineral properties. The company owns an interest in Baldwin Property, Goldie Property, Kirkland West Property, Omega Property, and Sackville Property.

Executives

James William Spratt

Senior Officer

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