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Rockex Mining (XCNQ:RXM) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2024)


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


Rockex Mining Effective Interest Rate on Debt % Historical Data

The historical data trend for Rockex Mining'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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Rockex Mining Effective Interest Rate on Debt % Chart

Rockex Mining Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
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Rockex Mining Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
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Competitive Comparison of Rockex Mining's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Rockex Mining'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.


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

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

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



Rockex Mining Effective Interest Rate on Debt % Calculation

Rockex Mining'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+0)/ 1 )
=-1  *  0/0
=N/A %

where

Rockex Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  0/( (0+0)/ 1 )
=-1  *  0/0
=N/A %

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


Rockex Mining  (XCNQ:RXM) Effective Interest Rate on Debt % Explanation

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


Rockex Mining Effective Interest Rate on Debt % Related Terms

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Rockex Mining Business Description

Traded in Other Exchanges
N/A
Address
580 New Vickers Street, Thunder Bay, ON, CAN, P7G 1J3
Rockex Mining Corp is a mineral exploration company. It is principally engaged in the exploration and evaluation of mineral properties. The company is involved in iron ore mining that focuses on the development of its Lake St. Joseph iron ore deposit.
Executives
Denis Gagnon Director

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