Cornish Metals (TSXV:CUSN) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)

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What is Cornish Metals 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. Cornish Metals's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$0.00 Mil. Cornish Metals's average total debt for the quarter that ended in Mar. 2024 was C$0.00 Mil. Therefore, Cornish Metals's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was N/A%.

Cornish Metals Effective Interest Rate on Debt % Historical Data

The historical data trend for Cornish Metals'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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Cornish Metals Effective Interest Rate on Debt % Chart

Cornish Metals Annual Data

Trend

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Effective Interest Rate on Debt %

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5.29

8.62

3.93

5.33

0.66

Cornish Metals Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Cornish Metals's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Cornish Metals'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.

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

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

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

Cornish Metals Effective Interest Rate on Debt % Calculation

Cornish Metals's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jan. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2021 )	+	Total Debt (A: Jan. 2022 ))	/ count )
=	-1 * -0.02	/	( (6.014	+	0.005)	/ 2 )
=	-1 * -0.02	/	3.0095
=	0.66 %

where

	Total Debt (A: Jan. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.994	+	0.02
=	6.014

	Total Debt (A: Jan. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.001	+	0.004
=	0.005

Cornish Metals'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: Oct. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

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

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.

Cornish Metals (TSXV:CUSN) Effective Interest Rate on Debt % Explanation

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

Cornish Metals Effective Interest Rate on Debt % Related Terms

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Cornish Metals (TSXV:CUSN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cornish Metals Inc (TSXV:CUSN) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

SBWFF:USA CUSN:UK ZYR1:Germany

Address

789 West Pender Street, Suite 960, Vancouver, BC, CAN, V6C 1H2

Website

https://www.cornishmetals.com

Cornish Metals Inc is building a portfolio of strategic metals assets in North America and the United Kingdom, and its flagship project is the past-producing South Crofty underground tin mine in Cornwall, UK. South Crofty is arguably the important historical tin mine in the UK and hosts the highest grade tin resources world wide. The project has the potential to be a high-grade tin producer in Europe.

Executives

Richard David Williams	Director
Donald Robert Njegovan	Director
Patrick Fergus Neill Anderson	Director

Cornish Metals (TSXV:CUSN) Headlines

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