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Sandstorm Gold (Sandstorm Gold) Effective Interest Rate on Debt % : 8.98% (As of Dec. 2023)


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What is Sandstorm 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. Sandstorm Gold's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $40.1 Mil. Sandstorm Gold's average total debt for the quarter that ended in Dec. 2023 was $446.3 Mil. Therefore, Sandstorm Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 8.98%.


Sandstorm Gold Effective Interest Rate on Debt % Historical Data

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

Sandstorm Gold 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 14.38 8.25 78.39 6.91 8.48

Sandstorm Gold 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 7.39 8.13 8.30 8.43 8.98

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

For the Gold subindustry, Sandstorm 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.


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

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

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



Sandstorm Gold Effective Interest Rate on Debt % Calculation

Sandstorm Gold'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  *  -39.515/( (497.5+435)/ 2 )
=-1  *  -39.515/466.25
=8.48 %

where

Sandstorm Gold'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  *  -40.1/( (457.676+435)/ 2 )
=-1  *  -40.1/446.338
=8.98 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=457.676 + 0
=457.676

* 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.


Sandstorm Gold  (NYSE:SAND) Effective Interest Rate on Debt % Explanation

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


Sandstorm Gold Effective Interest Rate on Debt % Related Terms

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Sandstorm Gold (Sandstorm Gold) Business Description

Traded in Other Exchanges
Address
400 Burrard Street, Suite 1400, Vancouver, BC, CAN, V6C 3A6
Sandstorm Gold Ltd provides financing to companies engaged in gold mining through the gold stream and royalty. Geographically, the company has operational footprints in North America, South & Central America, Africa, and Asia & Australia. The firm's royalties include Hod Maden, Santa Elena, Chapada, and Cerro Moro.