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Canada Rare Earth (TSXV:LL) Effective Interest Rate on Debt % : 0.00% (As of Jun. 2024)


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What is Canada Rare Earth 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. Canada Rare Earth's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was C$0.00 Mil. Canada Rare Earth's average total debt for the quarter that ended in Jun. 2024 was C$0.57 Mil. Therefore, Canada Rare Earth's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 0.00%.


Canada Rare Earth Effective Interest Rate on Debt % Historical Data

The historical data trend for Canada Rare Earth'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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Canada Rare Earth Effective Interest Rate on Debt % Chart

Canada Rare Earth Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Jun24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.62 9.30 7.64 10.18 -

Canada Rare Earth Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.52 5.59 7.07 7.02 -

Competitive Comparison of Canada Rare Earth's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Canada Rare Earth'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.


Canada Rare Earth's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Canada Rare Earth's Effective Interest Rate on Debt % falls into.



Canada Rare Earth Effective Interest Rate on Debt % Calculation

Canada Rare Earth's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2023 )+Total Debt  (A: Jun. 2024 ))/ count )
=-1  *  0/( (1.215+1.044)/ 2 )
=-1  *  0/1.1295
=0.00 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.166 + 1.049
=1.215

Total Debt  (A: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.64 + 0.404
=1.044

Canada Rare Earth's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Jun. 2024 ))/ count )
=-1  *  0/( (0.572+0)/ 1 )
=-1  *  0/0.572
=0.00 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.116 + 0.456
=0.572

* 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.

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


Canada Rare Earth  (TSXV:LL) Effective Interest Rate on Debt % Explanation

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


Canada Rare Earth Effective Interest Rate on Debt % Related Terms

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Canada Rare Earth Business Description

Traded in Other Exchanges
Address
650 West Georgia Street, Suite 2110, Vancouver, BC, CAN, V6B 4N8
Canada Rare Earth Corp is a Canada-based development stage company. The company is engaged in developing an integrated business within the rare earth industry from the initial mandate of acquiring and exploring mineral property interests. It's only reportable segment is the sale of oxides and rare earth concentrate. Geographically, it derives a majority of revenue from Asia.
Executives
Tracy Allin Moore Director
Rarex Limited 10% Security Holder
William Randolph Purcell Director

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