Red Eagle Mining (TSX:R) Effective Interest Rate on Debt % : 0.42% (As of Jun. 2018)

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What is Red Eagle 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. Red Eagle Mining's annualized positive value of Interest Expense for the quarter that ended in Jun. 2018 was C$0.45 Mil. Red Eagle Mining's average total debt for the quarter that ended in Jun. 2018 was C$106.97 Mil. Therefore, Red Eagle Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2018 was 0.42%.

Red Eagle Mining Effective Interest Rate on Debt % Historical Data

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

Red Eagle Mining Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Effective Interest Rate on Debt %

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0.22

1.57

Red Eagle Mining Quarterly Data
	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.66	1.41	-0.15	-	0.42

Competitive Comparison of Red Eagle Mining's Effective Interest Rate on Debt %

For the Gold subindustry, Red Eagle 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.

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

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

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

Red Eagle Mining Effective Interest Rate on Debt % Calculation

Red Eagle Mining's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2017 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2016 )	+	Total Debt (A: Dec. 2017 ))	/ count )
=	-1 * -1.407	/	( (86.302	+	92.396)	/ 2 )
=	-1 * -1.407	/	89.349
=	1.57 %

where

	Total Debt (A: Dec. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	64.138	+	22.164
=	86.302

	Total Debt (A: Dec. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	72.704	+	19.692
=	92.396

Red Eagle Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2018 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2018 )	+	Total Debt (Q: Jun. 2018 ))	/ count )
=	-1 * -0.452	/	( (104.177	+	109.77)	/ 2 )
=	-1 * -0.452	/	106.9735
=	0.42 %

where

	Total Debt (Q: Mar. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	76.944	+	27.233
=	104.177

	Total Debt (Q: Jun. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	109.77
=	109.77

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 (Jun. 2018) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Red Eagle Mining (TSX:R) Effective Interest Rate on Debt % Explanation

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

Red Eagle Mining Effective Interest Rate on Debt % Related Terms

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Red Eagle Mining (TSX:R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Red Eagle Mining Corp (TSX:R) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

666 Burrard Street, Suite 2348, Vancouver, BC, CAN, V6C 2X8

Website

http://www.redeaglemining.com

Red Eagle Mining Corp is a Canada-based development-stage company. It is engaged in the exploration and development of mineral properties. Geographically it operates in the countries of Canada and Colombia. It focuses on building shareholder value through discovering and developing gold projects with low costs and low technical risks in Colombia. The company primarily explores for Gold and owns interests in the Santa Rosa Gold Project located in Antioquia, Colombia covering an area of approximately 10,000 hectares.