Artemis Gold (Artemis Gold) Effective Interest Rate on Debt % : 0.04% (As of Mar. 2024)

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What is Artemis 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. Artemis Gold's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.06 Mil. Artemis Gold's average total debt for the quarter that ended in Mar. 2024 was $170.19 Mil. Therefore, Artemis Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.04%.

Artemis Gold Effective Interest Rate on Debt % Historical Data

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

Artemis Gold Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

17.44

6.12

7.84

4.84

0.13

Artemis Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.63	1.75	0.81	0.10	0.04

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

For the Gold subindustry, Artemis 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.

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

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

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

Artemis Gold Effective Interest Rate on Debt % Calculation

Artemis 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 * -0.082	/	( (1.261	+	122.867)	/ 2 )
=	-1 * -0.082	/	62.064
=	0.13 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.76	+	0.501
=	1.261

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	121.844	+	1.023
=	122.867

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.064	/	( (122.867	+	217.515)	/ 2 )
=	-1 * -0.064	/	170.191
=	0.04 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	121.844	+	1.023
=	122.867

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	216.153	+	1.362
=	217.515

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

Artemis Gold (OTCPK:ARGTF) Effective Interest Rate on Debt % Explanation

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

Artemis Gold Effective Interest Rate on Debt % Related Terms

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Artemis Gold (Artemis Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Artemis Gold Inc (OTCPK:ARGTF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

ARTG:Canada

Address

595 Burrard Street, Three Bentall Centre, Suite 3083, P.O. Box 49298, Vancouver, BC, CAN, V7X 1L3

Website

https://www.artemisgoldinc.com

Artemis Gold Inc is a Canadian-based company. It is a growth-oriented gold development company. The company holds interests in the GK project and Blackwater Gold Project located in British Columbia. It has one segment being the exploration and development of mineral properties.