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Northern Minerals and Exploration (Northern Minerals and Exploration) Effective Interest Rate on Debt % : 7.02% (As of Jan. 2024)


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What is Northern Minerals and Exploration 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. Northern Minerals and Exploration's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $0.01 Mil. Northern Minerals and Exploration's average total debt for the quarter that ended in Jan. 2024 was $0.17 Mil. Therefore, Northern Minerals and Exploration's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 7.02%.


Northern Minerals and Exploration Effective Interest Rate on Debt % Historical Data

The historical data trend for Northern Minerals and Exploration'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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Northern Minerals and Exploration Effective Interest Rate on Debt % Chart

Northern Minerals and Exploration Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.25 7.59 46.62 12.71 5.60

Northern Minerals and Exploration Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 10.13 10.13 6.40 7.02 7.02

Competitive Comparison of Northern Minerals and Exploration's Effective Interest Rate on Debt %

For the Other Precious Metals & Mining subindustry, Northern Minerals and Exploration'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.


Northern Minerals and Exploration's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Northern Minerals and Exploration's Effective Interest Rate on Debt % falls into.



Northern Minerals and Exploration Effective Interest Rate on Debt % Calculation

Northern Minerals and Exploration's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jul. 2022 )+Total Debt  (A: Jul. 2023 ))/ count )
=-1  *  -0.007/( (0.079+0.171)/ 2 )
=-1  *  -0.007/0.125
=5.60 %

where

Northern Minerals and Exploration'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  *  -0.012/( (0.171+0.171)/ 2 )
=-1  *  -0.012/0.171
=7.02 %

where

Total Debt  (Q: Oct. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.085 + 0.086
=0.171

Total Debt  (Q: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.085 + 0.086
=0.171

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


Northern Minerals and Exploration  (OTCPK:NMEX) Effective Interest Rate on Debt % Explanation

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


Northern Minerals and Exploration Effective Interest Rate on Debt % Related Terms

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Northern Minerals and Exploration (Northern Minerals and Exploration) Business Description

Traded in Other Exchanges
N/A
Address
881 West State Road, Pleasant Grove, UT, USA, 84062
Northern Minerals and Exploration Ltd is an emerging natural resource company operating in oil and gas production in central Texas and exploration for gold and silver in northern Nevada.

Northern Minerals and Exploration (Northern Minerals and Exploration) Headlines