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AHNR (Athena Gold) Effective Interest Rate on Debt % : 7.92% (As of Sep. 2024)


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What is Athena 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. Athena Gold's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $0.01 Mil. Athena Gold's average total debt for the quarter that ended in Sep. 2024 was $0.10 Mil. Therefore, Athena Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 7.92%.

Athena Gold Effective Interest Rate on Debt % Historical Data

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

Athena 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 5.09 11.58 27.27 - -

Athena Gold Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 - - - - 7.92

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

For the Other Precious Metals & Mining subindustry, Athena 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.

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

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

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


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Athena Gold Effective Interest Rate on Debt % Calculation

Athena 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  *  0/( (0.106+0)/ 1 )
=-1  *  0/0.106
=0.00 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.106
=0.106

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0
=0

Athena Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2024 )+Total Debt  (Q: Sep. 2024 ))/ count )
=-1  *  -0.008/( (0.1+0.102)/ 2 )
=-1  *  -0.008/0.101
=7.92 %

where

Total Debt  (Q: Jun. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.1 + 0
=0.1

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.102 + 0
=0.102

* 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 (Sep. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Athena Gold  (OTCPK:AHNR) Effective Interest Rate on Debt % Explanation

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

Athena Gold Effective Interest Rate on Debt % Related Terms

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Athena Gold Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Athena Gold Corp (OTCPK:AHNR) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
ATHA:Canada
Address
2010A Harbison Drive, Suite 312, Vacaville, CA, USA, 95687
Website
https://www.athenagoldcorp.com
Athena Gold Corp is focused on the exploration and development of precious metals in the Western United States. Its core holding is Excelsior Springs Project in Nevada's Walker Lane Gold District.
Executives
Power John C /ca/ director, 10 percent owner, officer: Pres., CFO, Prin. Acctg. Off.
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Tyler J Minnick officer: CFO C/O ATHENA GOLD CORPORATION, 2010A HARBISON DR., #312, VACAVILLE CA 95687
John E Hiner director 9443 AXLUND ROAD, LYNDEN WA 98264
Markus Janser director CH. DE LA BRUYERE 23C, PULLY V8 1009
Brian Power director 2010A HARBISON DR., #312, VACAVILLE CA 95687
Neuman Clifford L Esq 10 percent owner 6800 NORTH 79TH STREET, SUITE # 200, NIWOT CO 80503
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