Orinoco Gold (ASX:OGX) Effective Interest Rate on Debt %: 22.05% (As of Jun. 2018)


What is Orinoco Gold Effective Interest Rate on Debt %?

Orinoco Gold ASX:OGX Effective Interest Rate on Debt % is 22.05% as of Jun. 2018. The stock has 3 warning signs investors should review.

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. Orinoco Gold's annualized positive value of Interest Expense for the quarter that ended in Jun. 2018 was A$2.36 Mil. Orinoco Gold's average total debt for the quarter that ended in Jun. 2018 was A$10.68 Mil. Therefore, Orinoco Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2018 was 22.05%.

Orinoco Gold  (ASX:OGX) Effective Interest Rate on Debt % Explanation

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

Orinoco Gold Effective Interest Rate on Debt % Related Terms

Orinoco Gold Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Orinoco 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.

Orinoco Gold Effective Interest Rate on Debt % Chart

Orinoco Gold Annual Data
Trend Jun12 Jun13 Dec15 Dec16 Dec17 Dec18
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 0.00 1,455.81 34.34 187.98 227.85

Orinoco Gold Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18
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 34.58 214.30 0.00 22.05 81.17

ASX:OGX vs LSMG: Effective Interest Rate on Debt % Comparison

For the Other Industrial Metals & Mining subindustry, Orinoco 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.

Orinoco Gold Effective Interest Rate on Debt % vs Metals & Mining Industry

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

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


Orinoco Gold Effective Interest Rate on Debt % Calculation

Orinoco Gold's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2018 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2017 )+Total Debt  (A: Dec. 2018 ))/ count )
=-1  *  -3.673/( (0+1.612)/ 1 )
=-1  *  -3.673/1.612
=227.85 %

where

Total Debt  (A: Dec. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0
=0

Total Debt  (A: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 1.612
=1.612

Orinoco Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2018 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2017 )+Total Debt  (Q: Jun. 2018 ))/ count )
=-1  *  -2.356/( (0+10.683)/ 1 )
=-1  *  -2.356/10.683
=22.05 %

where

Total Debt  (Q: Dec. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0
=0

Total Debt  (Q: Jun. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 10.683
=10.683

* 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 two times the semi-annual (Jun. 2018) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 22.05% mean?
Orinoco Gold (ASX:OGX) has a Effective Interest Rate on Debt % of 22.05% as of Jun. 2018. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Orinoco Gold and its competitors.
Is Orinoco Gold's Effective Interest Rate on Debt % too high?
Orinoco Gold's current Effective Interest Rate on Debt % is 22.05%.
How does Orinoco Gold's Effective Interest Rate on Debt % compare to LSMG?
Orinoco Gold's Effective Interest Rate on Debt % of 22.05% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Metals & Mining company?
A good Effective Interest Rate on Debt % depends on the Metals & Mining industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Orinoco Gold and its competitors. Orinoco Gold's current Effective Interest Rate on Debt % is 22.05%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orinoco Gold stock overvalued right now?
Orinoco Gold (ASX:OGX) has a current Effective Interest Rate on Debt % of 22.05%. The current Effective Interest Rate on Debt % is 22.05%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Orinoco Gold (ASX:OGX), the current Effective Interest Rate on Debt % is 22.05% as of Jun. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Orinoco Gold Business Description

Address 9/448 Roberts Road, Subiaco, WA, AUS, 6008
Orinoco Gold Ltd is a Brazilian-focused gold company. It is focussed on mining the Cascavel gold mine as well as unlocking the Faina Goldfields Project (Faina Project) located in the central Brazilian State of Goias. The company's segments include Gold and All Other. The Faina Project consists of a large tenement package of over 50 tenements that encompass the key Cascavel, Sertao and Tinteiro Projects, as well as numerous advanced gold exploration targets including Espanola, Elisio, Antenna, and Xupe.