Starmet Ventures (XCNQ:STAR) Effective Interest Rate on Debt % : 12.70% (As of Mar. 2024)

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What is Starmet Ventures 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. Starmet Ventures's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$0.01 Mil. Starmet Ventures's average total debt for the quarter that ended in Mar. 2024 was C$0.06 Mil. Therefore, Starmet Ventures's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 12.70%.

Starmet Ventures Effective Interest Rate on Debt % Historical Data

The historical data trend for Starmet Ventures'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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Starmet Ventures Effective Interest Rate on Debt % Chart

Starmet Ventures Annual Data

Trend

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Starmet Ventures Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						-	-	-	-	12.70

Competitive Comparison of Starmet Ventures's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Starmet Ventures'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.

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

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

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

Starmet Ventures Effective Interest Rate on Debt % Calculation

Starmet Ventures'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	+	0.062)	/ 1 )
=	-1 * 0	/	0.062
=	0.00 %

where

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

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.062
=	0.062

Starmet Ventures's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.008	/	( (0.062	+	0.064)	/ 2 )
=	-1 * -0.008	/	0.063
=	12.70 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.062
=	0.062

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.064
=	0.064

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

Starmet Ventures (XCNQ:STAR) Effective Interest Rate on Debt % Explanation

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

Starmet Ventures Effective Interest Rate on Debt % Related Terms

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Starmet Ventures (XCNQ:STAR) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

No.303 - 1687 West Broadway, Vancouver, BC, CAN, V6J 1X2

Website

Starmet Ventures Inc engages in the exploration of mineral resource properties with an emphasis on the Property located in Esmeralda County, Nevada. It holds a 100% interest in the JPL Project. It has one reportable operating segment, being the acquisition and exploration of exploration and evaluation assets.

Executives

Ohad David

Director, Senior Officer

Starmet Ventures (XCNQ:STAR) Headlines

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