Taseko Mines (Taseko Mines) Effective Interest Rate on Debt % : 6.10% (As of Dec. 2023)

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What is Taseko Mines 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. Taseko Mines's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $30.5 Mil. Taseko Mines's average total debt for the quarter that ended in Dec. 2023 was $499.1 Mil. Therefore, Taseko Mines's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.10%.

Taseko Mines Effective Interest Rate on Debt % Historical Data

The historical data trend for Taseko Mines'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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Taseko Mines Effective Interest Rate on Debt % Chart

Taseko Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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10.02

9.69

8.75

6.73

7.14

Taseko Mines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.53	6.41	6.78	6.78	6.10

Competitive Comparison of Taseko Mines's Effective Interest Rate on Debt %

For the Copper subindustry, Taseko Mines'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.

Taseko Mines's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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

Taseko Mines Effective Interest Rate on Debt % Calculation

Taseko Mines'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 * -32.367	/	( (431.777	+	475.471)	/ 2 )
=	-1 * -32.367	/	453.624
=	7.14 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	418.226	+	13.551
=	431.777

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	454.855	+	20.616
=	475.471

Taseko Mines'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 * -30.456	/	( (522.817	+	475.471)	/ 2 )
=	-1 * -30.456	/	499.144
=	6.10 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	494.283	+	28.534
=	522.817

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	454.855	+	20.616
=	475.471

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.

Taseko Mines (AMEX:TGB) Effective Interest Rate on Debt % Explanation

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

Taseko Mines Effective Interest Rate on Debt % Related Terms

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Taseko Mines (Taseko Mines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Taseko Mines Ltd (AMEX:TGB) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

TKO:UK UDM:Germany TKO:Canada

Address

1040 West Georgia Street, 12th Floor, Vancouver, BC, CAN, V6E 4H1

Website

https://www.tasekomines.com

Taseko Mines Ltd is a Canadian mining company. It is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada, and the State of Arizona, the United States. The Gibraltar, Aley, New Prosperity, and Harmony properties are located in British Columbia whereas Florence copper is in central Arizona.

Executives

Sailingstone Capital Partners Llc	10 percent owner	100 WAUGH DRIVE, SUITE 600, HOUSTON TX 77007
Sailingstone Holdings Llc	10 percent owner	1 CALIFORNIA STREET, SUITE 3050, SAN FRANCISCO CA 94111
Mackenzie B Davis	10 percent owner	1 CALIFORNIA STREET, SUITE 3050, SAN FRANCISCO CA 941111
Settles Kenneth L Jr	10 percent owner	1 CALIFORNIA STREET, SUITE 3050, SAN FRANCISCO CA 94111