Excellon Resources (TSX:EXN) Effective Interest Rate on Debt % : 63.61% (As of Mar. 2024)

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What is Excellon Resources 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. Excellon Resources's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$6.60 Mil. Excellon Resources's average total debt for the quarter that ended in Mar. 2024 was C$10.37 Mil. Therefore, Excellon Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 63.61%.

Excellon Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Excellon Resources'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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Excellon Resources Effective Interest Rate on Debt % Chart

Excellon Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.96

42.02

39.73

39.63

39.78

Excellon Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	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															33.29	39.74	25.81	53.24	63.61

Competitive Comparison of Excellon Resources's Effective Interest Rate on Debt %

For the Silver subindustry, Excellon Resources'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.

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

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

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

Excellon Resources Effective Interest Rate on Debt % Calculation

Excellon Resources'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: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -6.307	/	( (15.627	+	16.084)	/ 2 )
=	-1 * -6.307	/	15.8555
=	39.78 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.064	+	15.563
=	15.627

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	16.084
=	16.084

Excellon Resources'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 * -6.596	/	( (16.084	+	4.654)	/ 2 )
=	-1 * -6.596	/	10.369
=	63.61 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	16.084
=	16.084

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.621	+	1.033
=	4.654

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.

Excellon Resources (TSX:EXN) Effective Interest Rate on Debt % Explanation

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

Excellon Resources Effective Interest Rate on Debt % Related Terms

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Excellon Resources (TSX:EXN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Excellon Resources Inc (TSX:EXN) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

EXNRF:USA E4X2:Germany

Address

10 King Street East, Suite 200, Toronto, ON, CAN, M5C 1C3

Website

http://www.excellonresources.com

Excellon Resources Inc is involved in the exploration, development and extraction of silver, lead and zinc metals. It mainly operates in Mexico and Canada. The Mexican operations consist of the Platosa property which is a commercial production property earning most of its revenue through the sale of silver- lead concentrate and silver-zinc concentrate whereas Canadian operations are principally engaged in the acquisition, exploration, and evaluation of mining properties in Quebec. It has two reportable segments, Mexico and Corporate.

Executives

Brendan Thomas Cahill

Director

Excellon Resources (TSX:EXN) Headlines

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