Pan American Energy (Pan American Energy) Effective Interest Rate on Debt % : 8.96% (As of Dec. 2023)

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What is Pan American Energy 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. Pan American Energy's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.01 Mil. Pan American Energy's average total debt for the quarter that ended in Dec. 2023 was $0.13 Mil. Therefore, Pan American Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.96%.

Pan American Energy Effective Interest Rate on Debt % Historical Data

The historical data trend for Pan American Energy'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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Pan American Energy Effective Interest Rate on Debt % Chart

Pan American Energy Annual Data

Trend

Apr07

Apr08

Apr09

Apr10

Apr11

Apr12

Apr13

Apr21

Mar22

Mar23

Effective Interest Rate on Debt %

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1.61

5.56

Pan American Energy Quarterly Data
	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Apr21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															9.80	9.64	6.20	9.09	8.96

Competitive Comparison of Pan American Energy's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Pan American Energy'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.

Pan American Energy's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Pan American Energy's Effective Interest Rate on Debt % falls into.

Pan American Energy Effective Interest Rate on Debt % Calculation

Pan American Energy's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -0.007	/	( (0	+	0.126)	/ 1 )
=	-1 * -0.007	/	0.126
=	5.56 %

where

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

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.126	+	0
=	0.126

Pan American Energy's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -0.012	/	( (0.132	+	0.136)	/ 2 )
=	-1 * -0.012	/	0.134
=	8.96 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.132	+	0
=	0.132

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.136	+	0
=	0.136

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Pan American Energy (OTCPK:PAANF) Effective Interest Rate on Debt % Explanation

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

Pan American Energy Effective Interest Rate on Debt % Related Terms

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Pan American Energy (Pan American Energy) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pan American Energy Corp (OTCPK:PAANF) » Definitions » Effective Interest Rate on Debt %

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Address

521 3rd Avenue SW, Suite 100, Calgary, AB, CAN, T2P 3T3

Website

https://www.panam-energy.com

Pan American Energy Corp is a North American mining exploration company engaged in the business of expanding the boundaries of the lithium supply chain through the acquisition, exploration and development of mineral properties. The company has a diversified asset base in Canada and the USA including hard rock lithium (Ontario) and claystone lithium (Nevada).