Franklin Mining (Franklin Mining) Effective Interest Rate on Debt % : 12.69% (As of Sep. 2002)

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What is Franklin Mining 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. Franklin Mining's annualized positive value of Interest Expense for the quarter that ended in Sep. 2002 was $0.06 Mil. Franklin Mining's average total debt for the quarter that ended in Sep. 2002 was $0.50 Mil. Therefore, Franklin Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2002 was 12.69%.

Franklin Mining Effective Interest Rate on Debt % Historical Data

The historical data trend for Franklin Mining'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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Franklin Mining Effective Interest Rate on Debt % Chart

Franklin Mining Annual Data

Trend

Dec92

Dec93

Dec94

Dec95

Dec96

Dec97

Dec98

Dec99

Dec00

Dec01

Effective Interest Rate on Debt %

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21.09

13.80

Franklin Mining Quarterly Data
	Dec97	Mar98	Jun98	Sep98	Dec98	Mar99	Jun99	Sep99	Dec99	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															44.14	12.67	12.97	12.97	12.69

Competitive Comparison of Franklin Mining's Effective Interest Rate on Debt %

For the Other Precious Metals & Mining subindustry, Franklin Mining'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.

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

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

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

Franklin Mining Effective Interest Rate on Debt % Calculation

Franklin Mining's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2001 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2000 )	+	Total Debt (A: Dec. 2001 ))	/ count )
=	-1 * -0.061	/	( (0.442	+	0.442)	/ 2 )
=	-1 * -0.061	/	0.442
=	13.80 %

where

	Total Debt (A: Dec. 2000 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.442
=	0.442

	Total Debt (A: Dec. 2001 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.442
=	0.442

Franklin Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2002 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2002 )	+	Total Debt (Q: Sep. 2002 ))	/ count )
=	-1 * -0.064	/	( (0.442	+	0.567)	/ 2 )
=	-1 * -0.064	/	0.5045
=	12.69 %

where

	Total Debt (Q: Jun. 2002 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.442
=	0.442

	Total Debt (Q: Sep. 2002 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.567
=	0.567

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 (Sep. 2002) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Franklin Mining (OTCPK:FMNJ) Effective Interest Rate on Debt % Explanation

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

Franklin Mining Effective Interest Rate on Debt % Related Terms

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Franklin Mining (Franklin Mining) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Franklin Mining Inc (OTCPK:FMNJ) » Definitions » Effective Interest Rate on Debt %

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Address

215 west Bandera Road, Suite 114-459, Boerne, TX, USA, 78006

Website

https://www.franklinmining.com

Franklin Mining Inc is engaged in the exploration, development, and mining of precious and non-ferrous metals, including gold, silver, lead, copper, and zinc. Its principal mining properties are Franklin Mines, located near Idaho Springs in clear creek country, Colorado, and the Franklin Mill, located on the site of Franklin Mines.

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