Meryllion Resources (XCNQ:MYR) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Meryllion Resources 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. Meryllion Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$0.00 Mil. Meryllion Resources's average total debt for the quarter that ended in Dec. 2023 was C$0.04 Mil. Therefore, Meryllion Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.

Meryllion Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Meryllion Resources'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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Meryllion Resources Effective Interest Rate on Debt % Chart

Meryllion Resources Annual Data

Trend

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Sep23

Effective Interest Rate on Debt %

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Meryllion Resources Quarterly Data
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Competitive Comparison of Meryllion Resources's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Meryllion Resources'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.

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

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

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

Meryllion Resources Effective Interest Rate on Debt % Calculation

Meryllion Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2022 )	+	Total Debt (A: Sep. 2023 ))	/ count )
=	-1 * 0	/	( (0	+	0.042)	/ 1 )
=	-1 * 0	/	0.042
=	0.00 %

where

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

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.042
=	0.042

Meryllion Resources'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	/	( (0.042	+	0.042)	/ 2 )
=	-1 * 0	/	0.042
=	0.00 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.042
=	0.042

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.042
=	0.042

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.

Meryllion Resources (XCNQ:MYR) Effective Interest Rate on Debt % Explanation

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

Meryllion Resources Effective Interest Rate on Debt % Related Terms

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Meryllion Resources (XCNQ:MYR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Meryllion Resources Corp (XCNQ:MYR) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

800 - 885 West Georgia Street, Vancouver, BC, CAN, V6C 3H1

Website

https://www.meryllionres.com

Meryllion Resources Corp is an exploration and development company focused on mineral exploration, mine development, and finance opportunities in Tier 1 jurisdictions, where the Company can earn interest by funding exploration. The Company is in the process of earning up to a 70% interest in the Mt Turner copper-molybdenum-gold and uranium project in north Queensland and has an option over the Oldham Range Polymetallic Project located 320kms west of Wiluna, Western Australia.

Executives

David Steinepreis

10% Security Holder, Director

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