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PureBase (PureBase) Effective Interest Rate on Debt % : 7.66% (As of Feb. 2024)


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What is PureBase 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. PureBase's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was $0.12 Mil. PureBase's average total debt for the quarter that ended in Feb. 2024 was $1.51 Mil. Therefore, PureBase's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 7.66%.


PureBase Effective Interest Rate on Debt % Historical Data

The historical data trend for PureBase'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.

* Premium members only.

PureBase Effective Interest Rate on Debt % Chart

PureBase Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 81.32 7.27 9.41 3.26 5.66

PureBase Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 3.93 3.89 6.16 6.58 7.66

Competitive Comparison of PureBase's Effective Interest Rate on Debt %

For the Agricultural Inputs subindustry, PureBase'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.


PureBase's Effective Interest Rate on Debt % Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, PureBase's Effective Interest Rate on Debt % distribution charts can be found below:

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



PureBase Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Nov. 2022 )+Total Debt  (A: Nov. 2023 ))/ count )
=-1  *  -0.077/( (0.781+1.941)/ 2 )
=-1  *  -0.077/1.361
=5.66 %

where

Total Debt  (A: Nov. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.652 + 0.129
=0.781

Total Debt  (A: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.526 + 0.415
=1.941

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Nov. 2023 )+Total Debt  (Q: Feb. 2024 ))/ count )
=-1  *  -0.116/( (1.941+1.087)/ 2 )
=-1  *  -0.116/1.514
=7.66 %

where

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.526 + 0.415
=1.941

Total Debt  (Q: Feb. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.103 + 0.984
=1.087

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


PureBase  (OTCPK:PUBC) Effective Interest Rate on Debt % Explanation

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


PureBase Effective Interest Rate on Debt % Related Terms

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PureBase (PureBase) Business Description

Industry
Traded in Other Exchanges
N/A
Address
8631 State Highway, 124 lone, P.O. Box 757, Ione, CA, USA, 95640
PureBase Corp is a diversified, industrial mineral and natural resource company. It provides new and improved, and environmentally sound solutions to a wide range of industries including cornerstone markets of agriculture and construction. The company focuses on the acquisition, development, mining developing, and marketing of natural mineral properties in California, Nevada, and the United States. It provides minerals such as silica sand, kaolin, bentonite, leonardite, potassium silicate sulfate, pozzolan, and limestone. Geographically all the business activity of the firm is operated through the region of the United States.
Executives
Bradford Charles Barto director 2461 CRESTVIEW DRIVE, NEWPORT BEACH CA 92663
Jeffrey J Guzy director 3130 19TH STREET, NORTH, ARLINGTON VA 22201
Kimberly Erin Kurtis director 805 ADAIR AVE NE, ATLANTA GA 30306
Craig C Barto 10 percent owner 14761 BENTLEY CIRCLE, TUSTIN CA 92680
Michael Joseph Fay officer: Chief Financial Officer 39270 PASEO PADRE PKWY, #459, FREMONT CA 94538
John A Bremer director, 10 percent owner 10490 DAWSON CANYON ROAD, CORONA CA 92883
David Earl Jenkins director 1110 W. MARLETTE STREET, IONE CA 95640
Thomas Michael Swett director 3125 PETTY LANE, CARMICHAEL CA 95608
A Scott Dockter director, 10 percent owner, officer: CEO 3090 BOEING ROAD, CAMERON PARK CA 95682
Alfred Joseph Calvanico officer: CFO 8625 HIGHWAY 124, PO BOX 757, IONE CA 95640
Amy Clemens officer: CFO & Secretary 1670 SIERRA AVENUE, STE. 402, YUBA CITY CA 95993
Calvin Lim director 6580 HAVEN SIDE DRIVE, SACRAMENTO CA 95831
John Gingerich director 237 WEDGEWOOD DRIVE, WOODSTOCK A6 N4T 0J1
Bay Street Capital Corp 10 percent owner SEA MEADOW HOUSE, BLACKBURNE HIGHWAY, PO BOX 116, ROAD TOWN, TORTOLA D8 00000

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