Veris Gold (Veris Gold) Effective Interest Rate on Debt % : 16.64% (As of Sep. 2014)

View and export this data going back to . Start your Free Trial

What is Veris 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. Veris Gold's annualized positive value of Interest Expense for the quarter that ended in Sep. 2014 was $17.7 Mil. Veris Gold's average total debt for the quarter that ended in Sep. 2014 was $106.4 Mil. Therefore, Veris Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2014 was 16.64%.

Veris Gold Effective Interest Rate on Debt % Historical Data

The historical data trend for Veris 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.

* Premium members only.

Veris Gold Effective Interest Rate on Debt % Chart

Veris Gold Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

215.08

25.61

27.62

33.85

Veris Gold Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															168.07	53.67	20.65	19.18	16.64

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

For the Gold subindustry, Veris 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.

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

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

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

Veris Gold Effective Interest Rate on Debt % Calculation

Veris Gold's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2013 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2012 )	+	Total Debt (A: Dec. 2013 ))	/ count )
=	-1 * -18.215	/	( (9.069	+	98.537)	/ 2 )
=	-1 * -18.215	/	53.803
=	33.85 %

where

	Total Debt (A: Dec. 2012 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.127	+	1.942
=	9.069

	Total Debt (A: Dec. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.054	+	90.483
=	98.537

Veris Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2014 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2014 )	+	Total Debt (Q: Sep. 2014 ))	/ count )
=	-1 * -17.708	/	( (105.173	+	107.634)	/ 2 )
=	-1 * -17.708	/	106.4035
=	16.64 %

where

	Total Debt (Q: Jun. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7.949	+	97.224
=	105.173

	Total Debt (Q: Sep. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.649	+	106.985
=	107.634

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 (Sep. 2014) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Veris Gold (OTCPK:YNGFF) Effective Interest Rate on Debt % Explanation

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

Veris Gold Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Veris Gold's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Veris Gold (Veris Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Veris Gold Corp (OTCPK:YNGFF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

688 West Hastings Street, Suite 900, Vancouver, BC, CAN, V6B 1P1

Website

http://www.verisgold.com

Veris Gold Corp is a Canadian based company engaged in the gold mining activities. It is engaged in the mining, exploration, and development of mineral properties located in Canada and the United States. The company primarily holds an interest in Jerritt Canyon gold mine located in Elko, Nevada; and the Ketza River property located in the Yukon Territory in Canada. Veris primarily explores for gold, silver, zinc, and copper properties.

Veris Gold (Veris Gold) Headlines

From GuruFocus

The Hardest Decision to Make in a Wonderful Market

By Mariusz Skonieczny Mariusz Skonieczny • 01-07-2014

Veris Gold Progress versus Problems

By Mariusz Skonieczny Mariusz Skonieczny • 01-04-2014

Veris Gold Drama is Only Good for those with Money

By Mariusz Skonieczny Mariusz Skonieczny • 11-27-2013

Open Letter to Major Shareholders of Veris Gold

By Mariusz Skonieczny Mariusz Skonieczny • 11-22-2013