Inter-Rock Minerals (Inter-Rock Minerals) Effective Interest Rate on Debt % : 6.76% (As of Mar. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Inter-Rock Minerals 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. Inter-Rock Minerals's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.11 Mil. Inter-Rock Minerals's average total debt for the quarter that ended in Mar. 2024 was $1.60 Mil. Therefore, Inter-Rock Minerals's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 6.76%.

Inter-Rock Minerals Effective Interest Rate on Debt % Historical Data

The historical data trend for Inter-Rock Minerals'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.

Inter-Rock Minerals Effective Interest Rate on Debt % Chart

Inter-Rock Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

8.78

5.04

6.98

14.98

27.41

Inter-Rock Minerals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.53	4.99	46.03	48.19	6.76

Competitive Comparison of Inter-Rock Minerals's Effective Interest Rate on Debt %

For the Packaged Foods subindustry, Inter-Rock Minerals'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.

Inter-Rock Minerals's Effective Interest Rate on Debt % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Inter-Rock Minerals's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Inter-Rock Minerals's Effective Interest Rate on Debt % falls into.

Inter-Rock Minerals Effective Interest Rate on Debt % Calculation

Inter-Rock Minerals'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 * -0.361	/	( (1.258	+	1.376)	/ 2 )
=	-1 * -0.361	/	1.317
=	27.41 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.676	+	0.582
=	1.258

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.861	+	0.515
=	1.376

Inter-Rock Minerals'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 * -0.108	/	( (1.376	+	1.819)	/ 2 )
=	-1 * -0.108	/	1.5975
=	6.76 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.861	+	0.515
=	1.376

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.077	+	0.742
=	1.819

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.

Inter-Rock Minerals (OTCPK:IRCKF) Effective Interest Rate on Debt % Explanation

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

Inter-Rock Minerals Effective Interest Rate on Debt % Related Terms

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

Inter-Rock Minerals (Inter-Rock Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Inter-Rock Minerals Inc (OTCPK:IRCKF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

IRO:Canada

Address

500-2 Toronto Street, Suite 500, 12th Floor, Toronto, ON, CAN, M5C 2B6

Website

http://www.interrockminerals.com

Inter-Rock Minerals Inc produces and markets dolomite for the animal feed, glass, roofing, and agricultural lime industries in the United States. It also markets and distributes specialty ingredients to the dairy feed industry. It operates through three business units: MIN-AD, Inc., and Papillon Agricultural Company. Its Papillon segment accounts for the majority of the firm's revenue, which is a marketer and distributor of toll-manufactured premium dairy feed nutritional supplements.

Inter-Rock Minerals (Inter-Rock Minerals) Headlines

No Headlines