Headwater Gold (XCNQ:HWG) Effective Interest Rate on Debt % : 6.57% (As of Nov. 2023)

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What is Headwater Gold 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. Headwater Gold's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was C$0.02 Mil. Headwater Gold's average total debt for the quarter that ended in Nov. 2023 was C$0.37 Mil. Therefore, Headwater Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 6.57%.

Headwater Gold Effective Interest Rate on Debt % Historical Data

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

Headwater Gold Annual Data

Trend

Feb20

Feb21

Feb22

Feb23

Effective Interest Rate on Debt %

16.36

8.54

Headwater Gold Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial											8.64	9.73	9.00	8.38	6.57

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

For the Gold subindustry, Headwater Gold'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.

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

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

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

Headwater Gold Effective Interest Rate on Debt % Calculation

Headwater Gold's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2022 )	+	Total Debt (A: Feb. 2023 ))	/ count )
=	-1 * -0.019	/	( (0.11	+	0.335)	/ 2 )
=	-1 * -0.019	/	0.2225
=	8.54 %

where

	Total Debt (A: Feb. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.032	+	0.078
=	0.11

	Total Debt (A: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.193	+	0.142
=	0.335

Headwater Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2023 )	+	Total Debt (Q: Nov. 2023 ))	/ count )
=	-1 * -0.024	/	( (0.286	+	0.445)	/ 2 )
=	-1 * -0.024	/	0.3655
=	6.57 %

where

	Total Debt (Q: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.133	+	0.153
=	0.286

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.265	+	0.18
=	0.445

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

Headwater Gold (XCNQ:HWG) Effective Interest Rate on Debt % Explanation

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

Headwater Gold Effective Interest Rate on Debt % Related Terms

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Headwater Gold (XCNQ:HWG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Headwater Gold Inc (XCNQ:HWG) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

HWAUF:USA

Address

1130 West Pender Street, Suite 1210, Vancouver, BC, CAN, V6E 4A4

Website

https://www.headwatergold.com

Headwater Gold Inc is a mineral exploration company focused on exploring high-grade precious metal deposits in the Western USA. The company has projects in Nevada and Idaho - Oregon. The Company has one operating segment, the exploration of mineral properties. Geographically, it operates in The United States and Canada.

Executives

Caleb Stroup

Director, Senior Officer

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