Arizona Sonoran Copper Co (TSX:ASCU) Effective Interest Rate on Debt % : 3,215.00% (As of Mar. 2024)

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What is Arizona Sonoran Copper Co 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. Arizona Sonoran Copper Co's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$2.57 Mil. Arizona Sonoran Copper Co's average total debt for the quarter that ended in Mar. 2024 was C$0.08 Mil. Therefore, Arizona Sonoran Copper Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 3,215.00%.

Arizona Sonoran Copper Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Arizona Sonoran Copper Co'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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Arizona Sonoran Copper Co Effective Interest Rate on Debt % Chart

Arizona Sonoran Copper Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

37.10

60.28

11.36

536.59

Arizona Sonoran Copper Co Quarterly Data
	Dec19	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												535.12	-	2,521.21	1,358.79	3,215.00

Competitive Comparison of Arizona Sonoran Copper Co's Effective Interest Rate on Debt %

For the Copper subindustry, Arizona Sonoran Copper Co'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.

Arizona Sonoran Copper Co's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Arizona Sonoran Copper Co's Effective Interest Rate on Debt % falls into.

Arizona Sonoran Copper Co Effective Interest Rate on Debt % Calculation

Arizona Sonoran Copper Co'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 * -0.66	/	( (0.156	+	0.09)	/ 2 )
=	-1 * -0.66	/	0.123
=	536.59 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.091	+	0.065
=	0.156

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.004	+	0.086
=	0.09

Arizona Sonoran Copper Co'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 * -2.572	/	( (0.09	+	0.07)	/ 2 )
=	-1 * -2.572	/	0.08
=	3,215.00 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.004	+	0.086
=	0.09

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.07
=	0.07

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.

Arizona Sonoran Copper Co (TSX:ASCU) Effective Interest Rate on Debt % Explanation

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

Arizona Sonoran Copper Co Effective Interest Rate on Debt % Related Terms

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Arizona Sonoran Copper Co (TSX:ASCU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arizona Sonoran Copper Co Inc (TSX:ASCU) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

ASCUF:USA H6F:Germany

Address

Simpson Tower, 401 Bay Street, Suite 2704, Box Number 4, Toronto, ON, CAN, M5H 2Y4

Website

https://www.arizonasonoran.com

Arizona Sonoran Copper Co Inc is a mineral exploration company. It owns interests in the Cactus Project, located to the southeast of the Phoenix metropolitan area, on private land in Pinal County, Arizona.

Executives

Alan R. Edwards	Director
Sarah Ann Strunk	Director

Arizona Sonoran Copper Co (TSX:ASCU) Headlines

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