Sage Potash (TSXV:SAGE) Effective Interest Rate on Debt % : 11.76% (As of Dec. 2023)

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What is Sage Potash 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. Sage Potash's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$0.01 Mil. Sage Potash's average total debt for the quarter that ended in Dec. 2023 was C$0.07 Mil. Therefore, Sage Potash's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 11.76%.

Sage Potash Effective Interest Rate on Debt % Historical Data

The historical data trend for Sage Potash'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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Sage Potash Effective Interest Rate on Debt % Chart

Sage Potash Annual Data

Trend

Effective Interest Rate on Debt %

Sage Potash Quarterly Data
	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial			-	-	9.88	10.46	11.76

Competitive Comparison of Sage Potash's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Sage Potash'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.

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

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

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

Sage Potash Effective Interest Rate on Debt % Calculation

Sage Potash's annualized Effective Interest Rate on Debt % for the fiscal year that ended in . 20 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: . 20 )	+	Total Debt (A: . 20 ))	/ count )
=	-1 *	/	( (	+	)	/ )
=	-1 *	/
=	%

where

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

Sage Potash'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 * -0.008	/	( (0.072	+	0.064)	/ 2 )
=	-1 * -0.008	/	0.068
=	11.76 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.035	+	0.037
=	0.072

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.025	+	0.039
=	0.064

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.

Sage Potash (TSXV:SAGE) Effective Interest Rate on Debt % Explanation

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

Sage Potash Effective Interest Rate on Debt % Related Terms

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Sage Potash (TSXV:SAGE) Business Description

Industry

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SGPTF:USA

Address

889 West Pender Street, Suite 605, Vancouver, BC, CAN, V6C 3B2

Website

https://www.sagepotash.com

Sage Potash Corp is engaged in the acquisition, exploration, and development of mineral properties. Its principal business activity is the acquisition, exploration, and development of potash mineral properties. It holds interest in Sage Plain Potash property. The projects of the company include Sage Potash and Sage Lithium.