Fury Gold Mines (TSX:FURY) Effective Interest Rate on Debt % : 19.09% (As of Mar. 2024)

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What is Fury Gold Mines 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. Fury Gold Mines's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$0.04 Mil. Fury Gold Mines's average total debt for the quarter that ended in Mar. 2024 was C$0.21 Mil. Therefore, Fury Gold Mines's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 19.09%.

Fury Gold Mines Effective Interest Rate on Debt % Historical Data

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

Fury Gold Mines Annual Data

Trend

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.12

16.29

27.64

27.12

19.84

Fury Gold Mines 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															24.24	18.90	18.60	17.92	19.09

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

For the Other Industrial Metals & Mining subindustry, Fury Gold Mines'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.

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

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

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

Fury Gold Mines Effective Interest Rate on Debt % Calculation

Fury Gold Mines'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 * -0.061	/	( (0.387	+	0.228)	/ 2 )
=	-1 * -0.061	/	0.3075
=	19.84 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.227	+	0.16
=	0.387

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.074	+	0.154
=	0.228

Fury Gold Mines'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 * -0.04	/	( (0.228	+	0.191)	/ 2 )
=	-1 * -0.04	/	0.2095
=	19.09 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.074	+	0.154
=	0.228

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.02	+	0.171
=	0.191

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.

Fury Gold Mines (TSX:FURY) Effective Interest Rate on Debt % Explanation

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

Fury Gold Mines Effective Interest Rate on Debt % Related Terms

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Fury Gold Mines (TSX:FURY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fury Gold Mines Ltd (TSX:FURY) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

FURY:USA AUN1:Germany

Address

1630-1177 West Hastings Street, Vancouver, BC, CAN, V6E 2K3

Website

https://www.furygoldmines.com

Fury Gold Mines Ltd is a Canadian-focused exploration and development company strategically positioned in three prolific mining regions: James Bay, Quebec; the Golden Triangle, British Columbia; and the Kitikmeot Region Nunavut. Its projects include Eau Claire, Homestake Ridge, Committee Bay, Eleonore South JV, and Gibson MacQuoid.

Executives

Forrester Clark

Director