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CopperCorp Resources (TSXV:CPER) Effective Interest Rate on Debt % : 21.05% (As of Dec. 2023)


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What is CopperCorp Resources 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. CopperCorp Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$0.02 Mil. CopperCorp Resources's average total debt for the quarter that ended in Dec. 2023 was C$0.08 Mil. Therefore, CopperCorp Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 21.05%.


CopperCorp Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for CopperCorp Resources'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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CopperCorp Resources Effective Interest Rate on Debt % Chart

CopperCorp Resources Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
- 15.49 18.75 12.57

CopperCorp Resources Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.97 10.48 11.82 9.04 21.05

Competitive Comparison of CopperCorp Resources's Effective Interest Rate on Debt %

For the Copper subindustry, CopperCorp Resources'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.


CopperCorp Resources's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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



CopperCorp Resources Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -0.012/( (0.121+0.07)/ 2 )
=-1  *  -0.012/0.0955
=12.57 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.077 + 0.044
=0.121

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.013 + 0.057
=0.07

CopperCorp Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -0.016/( (0.082+0.07)/ 2 )
=-1  *  -0.016/0.076
=21.05 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.039 + 0.043
=0.082

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.013 + 0.057
=0.07

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


CopperCorp Resources  (TSXV:CPER) Effective Interest Rate on Debt % Explanation

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


CopperCorp Resources Effective Interest Rate on Debt % Related Terms

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CopperCorp Resources (TSXV:CPER) Business Description

Traded in Other Exchanges
Address
550 - 800 West Pender Street, Vancouver, BC, CAN, V6C 2V6
CopperCorp Resources Inc is engaged in the business of exploration of mineral properties in Australia. Its objective is to explore, locate and potentially develop economic precious and base metals properties of merit. Its project portfolio includes AMC and Skyline projects.

CopperCorp Resources (TSXV:CPER) Headlines