Mountain Province Diamonds (Mountain Province Diamonds) Effective Interest Rate on Debt % : 10.56% (As of Mar. 2023)

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What is Mountain Province Diamonds 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. Mountain Province Diamonds's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was $24.6 Mil. Mountain Province Diamonds's average total debt for the quarter that ended in Mar. 2023 was $232.7 Mil. Therefore, Mountain Province Diamonds's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 10.56%.

Mountain Province Diamonds Effective Interest Rate on Debt % Historical Data

The historical data trend for Mountain Province Diamonds'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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Mountain Province Diamonds Effective Interest Rate on Debt % Chart

Mountain Province Diamonds Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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8.39

8.47

8.77

8.31

8.85

Mountain Province Diamonds Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.12	8.31	8.88	5.47	10.56

Competitive Comparison of Mountain Province Diamonds's Effective Interest Rate on Debt %

For the Other Precious Metals & Mining subindustry, Mountain Province Diamonds'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.

Mountain Province Diamonds's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Mountain Province Diamonds's Effective Interest Rate on Debt % falls into.

Mountain Province Diamonds Effective Interest Rate on Debt % Calculation

Mountain Province Diamonds's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -23.33	/	( (293.779	+	233.642)	/ 2 )
=	-1 * -23.33	/	263.7105
=	8.85 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.263	+	293.516
=	293.779

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	233.409	+	0.233
=	233.642

Mountain Province Diamonds's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -24.56	/	( (233.642	+	231.719)	/ 2 )
=	-1 * -24.56	/	232.6805
=	10.56 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	233.409	+	0.233
=	233.642

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	231.604	+	0.115
=	231.719

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

Mountain Province Diamonds (OTCPK:MPVDF) Effective Interest Rate on Debt % Explanation

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

Mountain Province Diamonds Effective Interest Rate on Debt % Related Terms

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Mountain Province Diamonds (Mountain Province Diamonds) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mountain Province Diamonds Inc (OTCPK:MPVDF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

MPG:Germany MPVD:Canada

Address

161 Bay Street, Suite 1410, P.O. Box 216, Toronto, ON, CAN, M5J 2S1

Website

https://www.mountainprovince.com

Mountain Province Diamonds Inc is engaged in the mining and marketing of rough diamonds. The Company supplies rough diamonds from its 49% ownership interest in the Gahcho Kue diamond mine (the GK Diamond Mine). The GK Diamond Mine is located in Canada's Northwest Territories. The Company also owns 100% of the mineral rights of the Kennady North Project (KNP) in Canada's Northwest Territories.