Rocky Mountain Industrials (Rocky Mountain Industrials) Effective Interest Rate on Debt % : 7.96% (As of Jun. 2023)

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What is Rocky Mountain Industrials 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. Rocky Mountain Industrials's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was $1.41 Mil. Rocky Mountain Industrials's average total debt for the quarter that ended in Jun. 2023 was $17.73 Mil. Therefore, Rocky Mountain Industrials's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 7.96%.

Rocky Mountain Industrials Effective Interest Rate on Debt % Historical Data

The historical data trend for Rocky Mountain Industrials'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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Rocky Mountain Industrials Effective Interest Rate on Debt % Chart

Rocky Mountain Industrials Annual Data

Trend

Sep14

Sep15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Effective Interest Rate on Debt %

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33.90

25.76

19.50

11.65

10.96

Rocky Mountain Industrials Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															14.43	11.62	11.41	11.58	7.96

Competitive Comparison of Rocky Mountain Industrials's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Rocky Mountain Industrials'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.

Rocky Mountain Industrials's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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

Rocky Mountain Industrials Effective Interest Rate on Debt % Calculation

Rocky Mountain Industrials's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2022 )	+	Total Debt (A: Mar. 2023 ))	/ count )
=	-1 * -1.061	/	( (5.403	+	13.961)	/ 2 )
=	-1 * -1.061	/	9.682
=	10.96 %

where

	Total Debt (A: Mar. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.168	+	0.235
=	5.403

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.92	+	0.041
=	13.961

Rocky Mountain Industrials's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2023 )	+	Total Debt (Q: Jun. 2023 ))	/ count )
=	-1 * -1.412	/	( (13.961	+	21.504)	/ 2 )
=	-1 * -1.412	/	17.7325
=	7.96 %

where

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13.92	+	0.041
=	13.961

	Total Debt (Q: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21.391	+	0.113
=	21.504

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Rocky Mountain Industrials (OTCPK:RMRI) Effective Interest Rate on Debt % Explanation

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

Rocky Mountain Industrials Effective Interest Rate on Debt % Related Terms

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Rocky Mountain Industrials (Rocky Mountain Industrials) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rocky Mountain Industrials Inc (OTCPK:RMRI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

6200 South Syracuse Way, Suite 450, Greenwood Village, CO, USA, 80111

Website

https://www.rockymountainindustrials.com

Rocky Mountain Industrials Inc is an exploration stage company dedicated to operating industrial assets in the United States including minerals, materials, and services. The company's operating segment includes Aggregates and Rail Park. It generates maximum revenue from the Aggregates segment. The Aggregates segment produces chemical grade lime for use in the aggregates market. Its Rail Park segment consists of land under development to provide a rail terminal and services facility.

Executives

Michael Okada	officer: Chief Financial Officer	300 N. CONTINENTAL BLVD. #100, EL SEGUNDO CA 90245
Chad T. Brownstein	director, 10 percent owner, officer: Chief Executive Officer	555 SOUTH BARRINGTON AVENUE, #216, LOS ANGELES CA 90049
Rocky Mountain Resource Holdings Inc.	10 percent owner	9595 WILSHIRE BLVD., SUITE 310 BEVERLY HILLS CA 90212
Gregory M. Dangler	director, 10 percent owner, officer: President, CFO & Secretary	9595 WILSHIRE BLVD., SUITE 310 BEVERLY HILLS CA 90212
Principio Management Llc	10 percent owner	9595 WILSHIRE BLVD., SUITE 310 BEVERLY HILLS CA 90212
77727111, Llc	10 percent owner	9595 WILSHIRE BLVD., SUITE 310 BEVERLY HILLS CA 90212
Munitz Family Trust	10 percent owner	507 EUCLID STREET SANTA MONICA CA 90402
Andrew Peltz	director	9595 WILSHIRE BLVD., SUITE 310 BEVERLY HILLS CA 90212
Legado Del Rey, Llc	10 percent owner	121 SOUTH BEVERLY DRIVE BEVERLY HILLS CA 90212
Edward Czuker	10 percent owner	121 SOUTH BEVERLY DRIVE BEVERLY HILLS CA 90212

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