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Armada Mercantile (XCNQ:ARM) Effective Interest Rate on Debt % : 0.00% (As of Nov. 2023)


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What is Armada Mercantile 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. Armada Mercantile's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was C$0.00 Mil. Armada Mercantile's average total debt for the quarter that ended in Nov. 2023 was C$0.01 Mil. Therefore, Armada Mercantile's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 0.00%.

Armada Mercantile Effective Interest Rate on Debt % Historical Data

The historical data trend for Armada Mercantile'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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Armada Mercantile Effective Interest Rate on Debt % Chart

Armada Mercantile Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.45 74.07 72.73 12.50 14.29

Armada Mercantile Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
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 6,685.71 5,200.00 57.14 3,085.71 -

Competitive Comparison of Armada Mercantile's Effective Interest Rate on Debt %

For the Capital Markets subindustry, Armada Mercantile'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.

Armada Mercantile's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Armada Mercantile's Effective Interest Rate on Debt % distribution charts can be found below:

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


Armada Mercantile Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Feb. 2022 )+Total Debt  (A: Feb. 2023 ))/ count )
=-1  *  -0.001/( (0.007+0.007)/ 2 )
=-1  *  -0.001/0.007
=14.29 %

where

Total Debt  (A: Feb. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.007
=0.007

Total Debt  (A: Feb. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.007
=0.007

Armada Mercantile's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Aug. 2023 )+Total Debt  (Q: Nov. 2023 ))/ count )
=-1  *  0/( (0.007+0.007)/ 2 )
=-1  *  0/0.007
=0.00 %

where

Total Debt  (Q: Aug. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.007
=0.007

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.007
=0.007

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

Armada Mercantile  (XCNQ:ARM) Effective Interest Rate on Debt % Explanation

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

Armada Mercantile Effective Interest Rate on Debt % Related Terms

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Armada Mercantile (XCNQ:ARM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Armada Mercantile Ltd (XCNQ:ARM) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
AAMTF:USA
Address
1616 West 3rd Avenue, Suite 100, Vancouver, BC, CAN, V6J 1K2
Website
https://www.armadamercantile.com
Armada Mercantile Ltd is engaged in the business of investing in new and existing businesses and organizations. The company is a financial services company that focuses on merchant banking through its wholly-owned subsidiary Armada Group USA, Inc. The company, through its investment in Oxygen Funding, Inc. which offers commercial finance services to companies; internationally, including account receivables "factoring", supply chain, equipment leasing, merchant cash advance and purchase order and other types of specialized finance.