Andes Gold (Andes Gold) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2003)

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What is Andes 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. Andes Gold's annualized positive value of Interest Expense for the quarter that ended in Dec. 2003 was $0.00 Mil. Andes Gold's average total debt for the quarter that ended in Dec. 2003 was $3.16 Mil. Therefore, Andes Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2003 was 0.00%.

Andes Gold Effective Interest Rate on Debt % Historical Data

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

Andes Gold Annual Data

Trend

Dec94

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Dec96

Dec97

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Effective Interest Rate on Debt %

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Andes Gold Quarterly Data
	Mar98	Jun98	Sep98	Dec98	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03
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Competitive Comparison of Andes Gold's Effective Interest Rate on Debt %

For the Gold subindustry, Andes 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.

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

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

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

Andes Gold Effective Interest Rate on Debt % Calculation

Andes Gold's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2003 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2002 )	+	Total Debt (A: Dec. 2003 ))	/ count )
=	-1 * 0	/	( (2.343	+	2.157)	/ 2 )
=	-1 * 0	/	2.25
=	0.00 %

where

	Total Debt (A: Dec. 2002 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.889	+	1.454
=	2.343

	Total Debt (A: Dec. 2003 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.733	+	1.424
=	2.157

Andes Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2003 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2003 )	+	Total Debt (Q: Dec. 2003 ))	/ count )
=	-1 * 0	/	( (4.165	+	2.157)	/ 2 )
=	-1 * 0	/	3.161
=	0.00 %

where

	Total Debt (Q: Sep. 2003 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.326	+	2.839
=	4.165

	Total Debt (Q: Dec. 2003 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.733	+	1.424
=	2.157

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. 2003) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Andes Gold (OTCPK:AGCZ) Effective Interest Rate on Debt % Explanation

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

Andes Gold Effective Interest Rate on Debt % Related Terms

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Andes Gold (Andes Gold) Business Description

Industry

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

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Traded in Other Exchanges

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Address

1200 N. Federal Highway, Suite 200, Boca Raton, FL, USA, 33432

Website

http://www.andesgoldmine.com

Andes Gold Corp is the operator of leased properties which it mines for mineral resources, specifically, gold. The company develops and produces gold assets in Ecuador and South America.

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