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Sierra Metals (TSX:SMT) Effective Interest Rate on Debt % : 11.26% (As of Dec. 2023)


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What is Sierra Metals 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. Sierra Metals's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$12.7 Mil. Sierra Metals's average total debt for the quarter that ended in Dec. 2023 was C$112.6 Mil. Therefore, Sierra Metals's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 11.26%.


Sierra Metals Effective Interest Rate on Debt % Historical Data

The historical data trend for Sierra Metals'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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Sierra Metals Effective Interest Rate on Debt % Chart

Sierra Metals 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 6.45 4.52 4.29 5.92 11.24

Sierra Metals 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 8.74 10.16 12.82 12.63 11.26

Competitive Comparison of Sierra Metals's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Sierra Metals'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.


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

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

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



Sierra Metals Effective Interest Rate on Debt % Calculation

Sierra Metals'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  *  -13.278/( (120.915+115.395)/ 2 )
=-1  *  -13.278/118.155
=11.24 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.043 + 115.872
=120.915

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=41.516 + 73.879
=115.395

Sierra Metals'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  *  -12.672/( (109.734+115.395)/ 2 )
=-1  *  -12.672/112.5645
=11.26 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 109.734
=109.734

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=41.516 + 73.879
=115.395

* 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.


Sierra Metals  (TSX:SMT) Effective Interest Rate on Debt % Explanation

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


Sierra Metals Effective Interest Rate on Debt % Related Terms

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Sierra Metals (TSX:SMT) Business Description

Industry
Traded in Other Exchanges
Address
77 King Street West, Suite 400, Toronto, ON, CAN, M5K 0A1
Sierra Metals Inc is a precious and base metals producer in Peru and Mexico. The company acquires, explores, extracts, and produces mineral concentrates consisting of silver, copper, lead, zinc and gold. Sierra has interests in the Yauricocha Mine in Peru, and the Bolivar and Cusi Mines, Mexico. The majority of the revenue comes from selling the mineral concentrates to its customers in Peru.

Sierra Metals (TSX:SMT) Headlines