Fredonia Mining (Fredonia Mining) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is Fredonia 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. Fredonia Mining's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.00 Mil. Fredonia Mining's average total debt for the quarter that ended in Dec. 2023 was $0.00 Mil. Therefore, Fredonia Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was N/A%.

Fredonia Mining Effective Interest Rate on Debt % Historical Data

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

Fredonia Mining Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Effective Interest Rate on Debt %

1.25

10.75

100.00

Fredonia Mining Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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Competitive Comparison of Fredonia Mining's Effective Interest Rate on Debt %

For the Other Precious Metals & Mining subindustry, Fredonia 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.

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

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

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

Fredonia Mining Effective Interest Rate on Debt % Calculation

Fredonia Mining's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2022 )	+	Total Debt (A: Sep. 2023 ))	/ count )
=	-1 * -0.003	/	( (0	+	0)	/ 1 )
=	-1 * -0.003	/	0
=	N/A %

where

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

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

Fredonia Mining'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	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

where

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

	Total Debt (Q: Dec. 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 four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Fredonia Mining (OTCPK:FREDF) Effective Interest Rate on Debt % Explanation

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

Fredonia Mining Effective Interest Rate on Debt % Related Terms

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Fredonia Mining (Fredonia Mining) Business Description

Industry

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

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Traded in Other Exchanges

FRED:Canada

Address

350 Bay Street, Number 700, Toronto, ON, CAN, M5H 2S6

Website

https://www.fredoniamanagement.com

Fredonia Mining Inc is engaged in the exploration of precious metals in Argentina. Fredonia holds licenses over three areas in the Deseado including the flagship El Dorado Monserrat Project, EDM, as well as El Aguila, and Hornia. Fredonia has undertaken exploration drill programs on EDM and El Aguila with encouraging results. Hornia is an underexplored area but historic drilling indicates the realistic potential for further discoveries. El Aguila is interpreted as a failed caldera with significant gold mineralization encountered in the radial as well as ring structures.

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