ATLDF (Atlanta Gold) Effective Interest Rate on Debt %: 7.85% (As of Sep. 2018)

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What is Atlanta Gold Effective Interest Rate on Debt %?

Atlanta Gold ATLDF -99.92% Effective Interest Rate on Debt % is 7.85% as of Sep. 2018.

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. Atlanta Gold's annualized positive value of Interest Expense for the quarter that ended in Sep. 2018 was $0.95 Mil. Atlanta Gold's average total debt for the quarter that ended in Sep. 2018 was $12.14 Mil. Therefore, Atlanta Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2018 was 7.85%.

Atlanta Gold  (OTCPK:ATLDF) Effective Interest Rate on Debt % Explanation

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

Atlanta Gold Effective Interest Rate on Debt % Related Terms

Atlanta Gold Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Atlanta 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.

Atlanta Gold Effective Interest Rate on Debt % Chart

Atlanta Gold Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.27 7.52 9.46 8.31 9.91

Atlanta Gold Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
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 10.91 -0.23 9.41 8.06 7.85

ATLDF vs OSTO, LKAI, GRMC: Effective Interest Rate on Debt % Comparison

For the Gold subindustry, Atlanta 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.

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

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

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


Atlanta Gold Effective Interest Rate on Debt % Calculation

Atlanta Gold's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2017 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2016 )+Total Debt  (A: Dec. 2017 ))/ count )
=-1  *  -1.029/( (10.177+10.586)/ 2 )
=-1  *  -1.029/10.3815
=9.91 %

where

Total Debt  (A: Dec. 2016 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.419 + 8.758
=10.177

Total Debt  (A: Dec. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 10.586
=10.586

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2018 )+Total Debt  (Q: Sep. 2018 ))/ count )
=-1  *  -0.952/( (12.05+12.22)/ 2 )
=-1  *  -0.952/12.135
=7.85 %

where

Total Debt  (Q: Jun. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 12.05
=12.05

Total Debt  (Q: Sep. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 12.22
=12.22

* 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. 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 7.85% mean?
Atlanta Gold (ATLDF) has a Effective Interest Rate on Debt % of 7.85% as of Sep. 2018. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Atlanta Gold and its competitors.
Is Atlanta Gold's Effective Interest Rate on Debt % too high?
Atlanta Gold's current Effective Interest Rate on Debt % is 7.85%.
How does Atlanta Gold's Effective Interest Rate on Debt % compare to OSTO and LKAI?
Atlanta Gold's Effective Interest Rate on Debt % of 7.85% 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 Atlanta Gold and its competitors. Atlanta Gold's current Effective Interest Rate on Debt % is 7.85%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atlanta Gold stock overvalued right now?
Atlanta Gold (ATLDF) has a current Effective Interest Rate on Debt % of 7.85%. The current Effective Interest Rate on Debt % is 7.85%. 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 Atlanta Gold (ATLDF), the current Effective Interest Rate on Debt % is 7.85% as of Sep. 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.

Atlanta Gold Business Description

Address 100 King Street West, Suite 5600 - First Canadian Place, Toronto, ON, CAN, M5X 1C9
Atlanta Gold Inc is a Canada-based junior gold exploration and development company. The company's segment is its operation in the United States. It is engaged in the exploration, environmental permitting, engineering and development of the Atlanta Gold project (Atlanta Project). The Atlanta Project is a gold exploration property, which is located near Atlanta, Idaho, the United States. The company also holds a leasehold interest on over five patented lode claims known as the Neal Property.