Gold Royalty (Gold Royalty) Effective Interest Rate on Debt % : 21.52% (As of Mar. 2024)

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What is Gold Royalty 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. Gold Royalty's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $7.14 Mil. Gold Royalty's average total debt for the quarter that ended in Mar. 2024 was $33.16 Mil. Therefore, Gold Royalty's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 21.52%.

Gold Royalty Effective Interest Rate on Debt % Historical Data

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

Gold Royalty Annual Data

Trend

Sep20

Sep21

Sep22

Dec23

Effective Interest Rate on Debt %

142.55

13.04

8.61

Gold Royalty Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial										11.82	12.92	11.61	12.85	21.52

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

For the Gold subindustry, Gold Royalty'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.

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

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

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

Gold Royalty Effective Interest Rate on Debt % Calculation

Gold Royalty'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: Sep. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -1.839	/	( (9.661	+	33.058)	/ 2 )
=	-1 * -1.839	/	21.3595
=	8.61 %

where

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	9.661	+	0
=	9.661

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	33.058	+	0
=	33.058

Gold Royalty's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -7.136	/	( (33.058	+	33.263)	/ 2 )
=	-1 * -7.136	/	33.1605
=	21.52 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	33.058	+	0
=	33.058

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	33.263	+	0
=	33.263

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Gold Royalty (AMEX:GROY) Effective Interest Rate on Debt % Explanation

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

Gold Royalty Effective Interest Rate on Debt % Related Terms

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Gold Royalty (Gold Royalty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Royalty Corp (AMEX:GROY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

6LS0:Germany

Address

1030 West Georgia Street, Suite 1830, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.goldroyalty.com

Gold Royalty Corp is a precious metals-focused royalty and streaming company. It offers creative financing solutions to the metals and mining industry. The company's mission is to acquire royalties, streams and similar interests at varying stages of the mine life cycle to build a balanced portfolio offering near, medium and longer-term attractive returns for investors. It has its business as a single operating segment, being the investment in royalty and mineral stream interests.