GoldON Resources (TSXV:GLD) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)

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What is GoldON 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. GoldON Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$0.00 Mil. GoldON Resources's average total debt for the quarter that ended in Dec. 2023 was C$0.00 Mil. Therefore, GoldON Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was N/A%.

GoldON Resources Effective Interest Rate on Debt % Historical Data

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

GoldON Resources Annual Data

Trend

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Jun23

Effective Interest Rate on Debt %

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GoldON Resources Quarterly Data
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Competitive Comparison of GoldON Resources's Effective Interest Rate on Debt %

For the Other Precious Metals & Mining subindustry, GoldON 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.

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

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

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

GoldON Resources Effective Interest Rate on Debt % Calculation

GoldON Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * -0.001	/	( (0	+	0)	/ 1 )
=	-1 * -0.001	/	0
=	N/A %

where

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

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

GoldON Resources'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 * 0	/	( (0	+	0)	/ 1 )
=	-1 * 0	/	0
=	N/A %

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
=	0

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.

GoldON Resources (TSXV:GLD) Effective Interest Rate on Debt % Explanation

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

GoldON Resources Effective Interest Rate on Debt % Related Terms

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GoldON Resources (TSXV:GLD) Business Description

Industry

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NCMBF:USA

Address

179 - 2945 Jacklin Road, Suite 416, Victoria, BC, CAN, V9B 6J9

Website

https://www.goldonresources.com

GoldON Resources Ltd is an mineral exploration company focused on discovery-stage properties located in the prolific gold mining belts of northwestern Ontario, Canada. The current project portfolio includes seven properties located in the Red Lake Mining District (McDonough, Springpole East, Red Lake North, Pipestone Bay, Pakwash North, McInnes Lake, and West Madsen) and an eighth property located in the Patricia Mining District (Slate Falls).