Colonial Coal International (TSXV:CAD) Effective Interest Rate on Debt % : 12.31% (As of Jan. 2024)

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What is Colonial Coal International 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. Colonial Coal International's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was C$0.00 Mil. Colonial Coal International's average total debt for the quarter that ended in Jan. 2024 was C$0.03 Mil. Therefore, Colonial Coal International's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 12.31%.

Colonial Coal International Effective Interest Rate on Debt % Historical Data

The historical data trend for Colonial Coal International'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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Colonial Coal International Effective Interest Rate on Debt % Chart

Colonial Coal International Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Effective Interest Rate on Debt %

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18.18

12.50

32.14

Colonial Coal International 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															7.55	19.05	15.09	18.60	12.31

Competitive Comparison of Colonial Coal International's Effective Interest Rate on Debt %

For the Coking Coal subindustry, Colonial Coal International'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.

Colonial Coal International's Effective Interest Rate on Debt % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Colonial Coal International's Effective Interest Rate on Debt % distribution charts can be found below:

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

Colonial Coal International Effective Interest Rate on Debt % Calculation

Colonial Coal International'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 * -0.009	/	( (0.008	+	0.048)	/ 2 )
=	-1 * -0.009	/	0.028
=	32.14 %

where

	Total Debt (A: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.008
=	0.008

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.004	+	0.044
=	0.048

Colonial Coal International'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 * -0.004	/	( (0.038	+	0.027)	/ 2 )
=	-1 * -0.004	/	0.0325
=	12.31 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.038
=	0.038

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.027
=	0.027

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.

Colonial Coal International (TSXV:CAD) Effective Interest Rate on Debt % Explanation

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

Colonial Coal International Effective Interest Rate on Debt % Related Terms

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Colonial Coal International (TSXV:CAD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Colonial Coal International Corp (TSXV:CAD) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

CCARF:USA COX:Germany

Address

595 Howe Street, Suite 200, Vancouver, BC, CAN, V6C 2T5

Website

https://www.ccoal.ca

Colonial Coal International Corp is an pure-play metallurgical coal development company. Principally, it is engaged in the acquisition, exploration, and development of coal properties located in Canada. Its projects include the Flatbed project; Huguenot project as well as Watson Island. It holds interests in two resource-stage coal properties in the Peace River Coalfield of northeastern British Columbia, Canada: namely, the Huguenot and Flatbed properties.

Executives

Rosseau Asset Management Ltd.

10% Security Holder