Volatus Capital (XCNQ:VC) Effective Interest Rate on Debt % : 3.79% (As of Oct. 2024)

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What is Volatus Capital 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. Volatus Capital's annualized positive value of Interest Expense for the quarter that ended in Oct. 2024 was C$0.00 Mil. Volatus Capital's average total debt for the quarter that ended in Oct. 2024 was C$0.11 Mil. Therefore, Volatus Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2024 was 3.79%.

Volatus Capital Effective Interest Rate on Debt % Historical Data

The historical data trend for Volatus Capital'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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Volatus Capital Effective Interest Rate on Debt % Chart

Volatus Capital Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Effective Interest Rate on Debt %

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0.68

95.88

17.72

Volatus Capital Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	47.27	4.10	3.79	3.79

Competitive Comparison of Volatus Capital's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Volatus Capital'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.

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

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

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

Volatus Capital Effective Interest Rate on Debt % Calculation

Volatus Capital's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2023 )	+	Total Debt (A: Jan. 2024 ))	/ count )
=	-1 * -0.014	/	( (0.048	+	0.11)	/ 2 )
=	-1 * -0.014	/	0.079
=	17.72 %

where

	Total Debt (A: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.048
=	0.048

	Total Debt (A: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.085	+	0.025
=	0.11

Volatus Capital's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jul. 2024 )	+	Total Debt (Q: Oct. 2024 ))	/ count )
=	-1 * -0.004	/	( (0.126	+	0.085)	/ 2 )
=	-1 * -0.004	/	0.1055
=	3.79 %

where

	Total Debt (Q: Jul. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.126	+	0
=	0.126

	Total Debt (Q: Oct. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.085	+	0
=	0.085

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

Volatus Capital (XCNQ:VC) Effective Interest Rate on Debt % Explanation

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

Volatus Capital Effective Interest Rate on Debt % Related Terms

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Volatus Capital Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

VOY0:Germany

Address

733 Seymour Street, Suite 2900, PO Box 1, Vancouver Centre II, Vancouver, BC, CAN, V6B 0S6

Website

https://volatuscapitalcorp.com

Volatus Capital Corp is engaged in the business of acquiring and exploring mineral resource properties in Canada. The company holds an interest in the Sunset Copper Star Project and the Split Dome Copper Project. The Company has two operating segments: the exploration and evaluation assets in Canada and its investment in Leigh Creek Magnesite Proprietary Limited.

Executives

Emma Fairhurst	10% Security Holder
Christopher Andrew Reynolds	Director, Senior Officer
Crest Resources Inc.	10% Security Holder
Damien Edward Reynolds	10% Security Holder
Martin Alexander Wurm	10% Security Holder