Southern Cross Gold (ASX:SXG) Effective Interest Rate on Debt % : 5.00% (As of Nov. 2023)

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What is Southern Cross Gold 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. Southern Cross Gold's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was A$0.01 Mil. Southern Cross Gold's average total debt for the quarter that ended in Nov. 2023 was A$0.24 Mil. Therefore, Southern Cross Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 5.00%.

Southern Cross Gold Effective Interest Rate on Debt % Historical Data

The historical data trend for Southern Cross Gold'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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Southern Cross Gold Effective Interest Rate on Debt % Chart

Southern Cross Gold Annual Data

Trend

May23

Effective Interest Rate on Debt %

1.67

Southern Cross Gold Semi-Annual Data
	Dec21	Nov22	May23	Nov23
Effective Interest Rate on Debt %	-	-	-	5.00

Competitive Comparison of Southern Cross Gold's Effective Interest Rate on Debt %

For the Gold subindustry, Southern Cross Gold'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.

Southern Cross Gold's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Southern Cross Gold's Effective Interest Rate on Debt % falls into.

Southern Cross Gold Effective Interest Rate on Debt % Calculation

Southern Cross Gold's annualized Effective Interest Rate on Debt % for the fiscal year that ended in May. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: . 20 )	+	Total Debt (A: May. 2023 ))	/ count )
=	-1 *	/	( (	+	)	/ )
=	-1 *	/
=	%

where

	Total Debt (A: . 20 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=		+
=

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

Southern Cross Gold'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: May. 2023 )	+	Total Debt (Q: Nov. 2023 ))	/ count )
=	-1 * -0.012	/	( (0.24	+	0)	/ 1 )
=	-1 * -0.012	/	0.24
=	5.00 %

where

	Total Debt (Q: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.18	+	0.06
=	0.24

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

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

Southern Cross Gold (ASX:SXG) Effective Interest Rate on Debt % Explanation

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

Southern Cross Gold Effective Interest Rate on Debt % Related Terms

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Southern Cross Gold (ASX:SXG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Southern Cross Gold Ltd (ASX:SXG) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

https://www.southerncrossgold.com.au

Southern Cross Gold Ltd is a mining exploration company focused on gold exploration with projects in Victoria and Queensland, Australia. Its projects include Sunday Creek, Whroo, Redcastle, and Mt Isa.

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