California Gold Mining (California Gold Mining) Effective Interest Rate on Debt % : 15.38% (As of May. 2021)

View and export this data going back to 1998. Start your Free Trial

What is California Gold 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. California Gold Mining's annualized positive value of Interest Expense for the quarter that ended in May. 2021 was $0.48 Mil. California Gold Mining's average total debt for the quarter that ended in May. 2021 was $3.09 Mil. Therefore, California Gold Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2021 was 15.38%.

California Gold Mining Effective Interest Rate on Debt % Historical Data

The historical data trend for California Gold 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.

* Premium members only.

California Gold Mining Effective Interest Rate on Debt % Chart

California Gold Mining Annual Data

Trend

Aug11

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

8.52

4.73

7.22

27.78

California Gold Mining Quarterly Data
	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															24.27	21.50	13.63	14.74	15.38

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

For the Gold subindustry, California Gold 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.

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

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

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

California Gold Mining Effective Interest Rate on Debt % Calculation

California Gold Mining's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2019 )	+	Total Debt (A: Aug. 2020 ))	/ count )
=	-1 * -0.618	/	( (1.33	+	3.12)	/ 2 )
=	-1 * -0.618	/	2.225
=	27.78 %

where

	Total Debt (A: Aug. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.33
=	1.33

	Total Debt (A: Aug. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.132	+	2.988
=	3.12

California Gold Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in May. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Feb. 2021 )	+	Total Debt (Q: May. 2021 ))	/ count )
=	-1 * -0.476	/	( (2.999	+	3.19)	/ 2 )
=	-1 * -0.476	/	3.0945
=	15.38 %

where

	Total Debt (Q: Feb. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.12	+	2.879
=	2.999

	Total Debt (Q: May. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.117	+	3.073
=	3.19

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 (May. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

California Gold Mining (OTCPK:CFGMF) Effective Interest Rate on Debt % Explanation

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

California Gold Mining Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of California Gold Mining's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

California Gold Mining (California Gold Mining) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

1800, 130 King Street W., Toronto, ON, CAN, M5X 1E3

Website

http://www.caligold.ca

California Gold Mining Inc is a Canada-based mineral exploration company. Principally, it is engaged in the acquisition, exploration, and development of mineral resource properties. The company's project consists of Fremont project and Dingman project.