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Fortuna Silver Mines (Fortuna Silver Mines) Effective Interest Rate on Debt % : 11.20% (As of Dec. 2023)


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What is Fortuna Silver 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. Fortuna Silver Mines's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $31.6 Mil. Fortuna Silver Mines's average total debt for the quarter that ended in Dec. 2023 was $282.0 Mil. Therefore, Fortuna Silver Mines's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 11.20%.


Fortuna Silver Mines Effective Interest Rate on Debt % Historical Data

The historical data trend for Fortuna Silver 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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Fortuna Silver Mines Effective Interest Rate on Debt % Chart

Fortuna Silver Mines Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.16 1.30 6.90 5.31 8.78

Fortuna Silver Mines 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.10 3.94 4.36 10.22 11.20

Competitive Comparison of Fortuna Silver Mines's Effective Interest Rate on Debt %

For the Gold subindustry, Fortuna Silver 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.


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

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

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



Fortuna Silver Mines Effective Interest Rate on Debt % Calculation

Fortuna Silver 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  *  -22.152/( (240.521+264.248)/ 2 )
=-1  *  -22.152/252.3845
=8.78 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=231.105 + 9.416
=240.521

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=205.406 + 58.842
=264.248

Fortuna Silver Mines'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  *  -31.588/( (299.723+264.248)/ 2 )
=-1  *  -31.588/281.9855
=11.20 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=286.921 + 12.802
=299.723

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=205.406 + 58.842
=264.248

* 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.

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.


Fortuna Silver Mines  (NYSE:FSM) Effective Interest Rate on Debt % Explanation

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


Fortuna Silver Mines Effective Interest Rate on Debt % Related Terms

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Fortuna Silver Mines (Fortuna Silver Mines) Business Description

Traded in Other Exchanges
Address
200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6
Fortuna Silver Mines Inc is engaged in precious and base metal mining and related activities in Argentina, Burkina Faso, Mexico, Peru, and Cote d'Ivoire. The company operates the open pit Lindero gold mine in northern Argentina, the underground Yaramoko mine in southwestern Burkina Faso, the underground San Jose silver and gold mine in southern Mexico, the underground Caylloma silver, lead, and zinc mine in southern Peru, and is developing the open pit Seguela gold mine in southwestern Cote d'Ivoire. The company earns revenue from contracts with customers related to its concentrate and dore sales.