New Talisman Gold Mines (ASX:NTL) Effective Interest Rate on Debt % : 41.26% (As of Sep. 2024)

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What is New Talisman Gold Mines 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. New Talisman Gold Mines's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was A$0.17 Mil. New Talisman Gold Mines's average total debt for the quarter that ended in Sep. 2024 was A$0.41 Mil. Therefore, New Talisman Gold Mines's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 41.26%.

New Talisman Gold Mines Effective Interest Rate on Debt % Historical Data

The historical data trend for New Talisman Gold Mines'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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New Talisman Gold Mines Effective Interest Rate on Debt % Chart

New Talisman Gold Mines Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Effective Interest Rate on Debt %

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3.33

5.71

11.09

14.82

New Talisman Gold Mines Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.16	9.66	9.40	18.77	41.26

Competitive Comparison of New Talisman Gold Mines's Effective Interest Rate on Debt %

For the Gold subindustry, New Talisman Gold Mines'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.

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

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

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

New Talisman Gold Mines Effective Interest Rate on Debt % Calculation

New Talisman Gold Mines's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Mar. 2023 )	+	Total Debt (A: Mar. 2024 ))	/ count )
=	-1 * -0.12	/	( (0.947	+	0.672)	/ 2 )
=	-1 * -0.12	/	0.8095
=	14.82 %

where

	Total Debt (A: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.947
=	0.947

	Total Debt (A: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.672	+	0
=	0.672

New Talisman Gold Mines'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: Mar. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -0.17	/	( (0.672	+	0.152)	/ 2 )
=	-1 * -0.17	/	0.412
=	41.26 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.672	+	0
=	0.672

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.152
=	0.152

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

New Talisman Gold Mines (ASX:NTL) Effective Interest Rate on Debt % Explanation

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

New Talisman Gold Mines Effective Interest Rate on Debt % Related Terms

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New Talisman Gold Mines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Talisman Gold Mines Ltd (ASX:NTL) » Definitions » Effective Interest Rate on Debt %

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NTL:New Zealand

Address

2b Gibraltar Cres, Parnell, Auckland, NTL, NZL, 1052

Website

https://www.newtalisman.co.nz

New Talisman Gold Mines Ltd is engaged in mine development and mineral exploration. The company's projects include the Talisman mine project. The Talisman mine comprises the Maria, crown or welcome, and mystery veins. The Talisman permit and the Karangahake gold project are located in the southern part of the Coromandel volcanic zone, a north-northwest trending zone of Miocene to early Quaternary sub-aerial calc-alkaline volcanic, During the current period, the company had one business segment - mineral exploration, within New Zealand and Vanuatu.

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