Minerva Gold (Minerva Gold) Effective Interest Rate on Debt % : 0.00% (As of Feb. 2024)

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What is Minerva 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. Minerva Gold's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was $0.00 Mil. Minerva Gold's average total debt for the quarter that ended in Feb. 2024 was $0.02 Mil. Therefore, Minerva Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 0.00%.

Minerva Gold Effective Interest Rate on Debt % Historical Data

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

Minerva Gold Annual Data

Trend

Feb21

Feb22

Feb23

Feb24

Effective Interest Rate on Debt %

Minerva Gold Quarterly Data
	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
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Competitive Comparison of Minerva Gold's Effective Interest Rate on Debt %

For the Other Precious Metals & Mining subindustry, Minerva 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.

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

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

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

Minerva Gold Effective Interest Rate on Debt % Calculation

Minerva Gold's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2023 )	+	Total Debt (A: Feb. 2024 ))	/ count )
=	-1 * 0	/	( (0.013	+	0.034)	/ 2 )
=	-1 * 0	/	0.0235
=	0.00 %

where

	Total Debt (A: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.013
=	0.013

	Total Debt (A: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.034
=	0.034

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * 0	/	( (0.014	+	0.034)	/ 2 )
=	-1 * 0	/	0.024
=	0.00 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.014
=	0.014

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.034
=	0.034

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

Minerva Gold (OTCPK:MINR) Effective Interest Rate on Debt % Explanation

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

Minerva Gold Effective Interest Rate on Debt % Related Terms

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Minerva Gold (Minerva Gold) Business Description

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Address

12/1 Kunayev str, IA 17, Nur-Sultan, KAZ, 010000

Website

Minerva Gold Inc is a junior mineral exploration company engaged in the identification, acquisition and exploration of precious metals in Kazakhstan.

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