Canadian Copper (XCNQ:CCI) Effective Interest Rate on Debt % : 0.00% (As of Jan. 2024)

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What is Canadian Copper 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. Canadian Copper's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was C$0.00 Mil. Canadian Copper's average total debt for the quarter that ended in Jan. 2024 was C$0.30 Mil. Therefore, Canadian Copper's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 0.00%.

Canadian Copper Effective Interest Rate on Debt % Historical Data

The historical data trend for Canadian Copper'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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Canadian Copper Effective Interest Rate on Debt % Chart

Canadian Copper Annual Data

Trend

Oct21

Oct22

Oct23

Effective Interest Rate on Debt %

Canadian Copper Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial						-	-	-	-	-

Competitive Comparison of Canadian Copper's Effective Interest Rate on Debt %

For the Copper subindustry, Canadian Copper'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.

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

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

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

Canadian Copper Effective Interest Rate on Debt % Calculation

Canadian Copper's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Oct. 2022 )	+	Total Debt (A: Oct. 2023 ))	/ count )
=	-1 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

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

Canadian Copper's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * 0	/	( (0	+	0.301)	/ 1 )
=	-1 * 0	/	0.301
=	0.00 %

where

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

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.301
=	0.301

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 (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Canadian Copper (XCNQ:CCI) Effective Interest Rate on Debt % Explanation

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

Canadian Copper Effective Interest Rate on Debt % Related Terms

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Canadian Copper (XCNQ:CCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Canadian Copper Inc (XCNQ:CCI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.canadiancopper.com

Canadian Copper Inc is a Canadian-based company. The company is a resource exploration company with a focus on the exploration and acquisition of copper assets in New Brunswick. The company is engaged in the identification, evaluation and acquisition of mineral properties in Canada.

Executives

Simon Quick

Senior Officer