Goldbank Mining (TSXV:GLB) Effective Interest Rate on Debt % : 39,520.00% (As of Dec. 2023)

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What is Goldbank 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. Goldbank Mining's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$1.98 Mil. Goldbank Mining's average total debt for the quarter that ended in Dec. 2023 was C$0.01 Mil. Therefore, Goldbank Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 39,520.00%.

Goldbank Mining Effective Interest Rate on Debt % Historical Data

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

Goldbank Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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1,338.46

7,354.29

7,695.24

24,600.00

40,560.00

Goldbank Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															735.14	-	-	-	39,520.00

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

For the Gold subindustry, Goldbank 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.

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

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

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

Goldbank Mining Effective Interest Rate on Debt % Calculation

Goldbank Mining'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 * -2.028	/	( (0	+	0.005)	/ 1 )
=	-1 * -2.028	/	0.005
=	40,560.00 %

where

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

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.005
=	0.005

Goldbank Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -1.976	/	( (0	+	0.005)	/ 1 )
=	-1 * -1.976	/	0.005
=	39,520.00 %

where

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

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.005
=	0.005

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 (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Goldbank Mining (TSXV:GLB) Effective Interest Rate on Debt % Explanation

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

Goldbank Mining Effective Interest Rate on Debt % Related Terms

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Goldbank Mining (TSXV:GLB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Goldbank Mining Corp (TSXV:GLB) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

GLBKF:USA

Address

889 West Pender Street, Suite 702, Vancouver, BC, CAN, V6C 3B2

Website

https://www.goldbankmining.com

Goldbank Mining Corp is an exploration stage company which is engaged in the process of exploring its mineral property in Canada. The company is involved in the exploration and development in the Yukon including the Leota Gold project which includes hard rock mining claims of Gold properties in the Klondike region of the Yukon Territories, Canada, and the Hasenfuss. It operates in one industry and geographic segment, the mineral resource industry with all current exploration activities conducted in Canada.

Executives

Francesco Joseph Garofalo

Director

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