Aris Mining (Aris Mining) Effective Interest Rate on Debt % : 7.16% (As of Dec. 2023)

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What is Aris Mining 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. Aris Mining's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $27.1 Mil. Aris Mining's average total debt for the quarter that ended in Dec. 2023 was $378.3 Mil. Therefore, Aris Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 7.16%.

Aris Mining Effective Interest Rate on Debt % Historical Data

The historical data trend for Aris Mining'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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Aris Mining Effective Interest Rate on Debt % Chart

Aris Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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9.76

6.15

5.49

7.50

7.12

Aris Mining 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															8.62	8.75	6.54	6.53	7.16

Competitive Comparison of Aris Mining's Effective Interest Rate on Debt %

For the Gold subindustry, Aris Mining'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.

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

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

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

Aris Mining Effective Interest Rate on Debt % Calculation

Aris Mining'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 * -29.156	/	( (436.063	+	382.926)	/ 2 )
=	-1 * -29.156	/	409.4945
=	7.12 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	366.619	+	69.444
=	436.063

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	344.085	+	38.841
=	382.926

Aris Mining'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 * -27.088	/	( (373.62	+	382.926)	/ 2 )
=	-1 * -27.088	/	378.273
=	7.16 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	343.249	+	30.371
=	373.62

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	344.085	+	38.841
=	382.926

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.

Aris Mining (AMEX:ARMN) Effective Interest Rate on Debt % Explanation

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

Aris Mining Effective Interest Rate on Debt % Related Terms

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Aris Mining (Aris Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aris Mining Corp (AMEX:ARMN) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

ZP1:Germany ARIS:Canada

Address

425 Hornby Street, Vancouver, BC, CAN, V6C 2Y2

Website

https://www.aris-mining.com

Aris Mining Corp is primarily engaged in the acquisition, exploration, development and operation of gold properties in Colombia, Guyana and Canada. It owns and operates its Segovia Operations, Soto Norte Project and Marmato Mine in Colombia, Toroparu Project in Guyana and the Juby Project in Ontario, Canada. The company generates revenue from the sale of gold and silver.

Executives

Mmcap International Inc. Spc	10 percent owner	C/O MOURANT GOVERNANCE SVCS (CAYMAN) LTD, 94 SOLARIS AVE., CAMANA BAY, PO BOX 1348, GRAND CAYMAN E9 KY1-1108
Mm Asset Management Inc.	10 percent owner	161 BAY STREET, TD TRUST TOWER SUITE 2240, TORONTO A6 M5J 2S1