DMIFF (Diamcor Mining) Effective Interest Rate on Debt %: 22.91% (As of Dec. 2024)


DMIFF Diamcor Mining Inc DMIFF
18 GF Score
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What is Diamcor Mining Effective Interest Rate on Debt %?

Diamcor Mining DMIFF 18 Effective Interest Rate on Debt % is 22.91% as of Dec. 2024. GuruFocus rates DMIFF with a GF Score™ of 18/100.

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. Diamcor Mining's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $1.11 Mil. Diamcor Mining's average total debt for the quarter that ended in Dec. 2024 was $4.85 Mil. Therefore, Diamcor Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 22.91%.

Diamcor Mining  (OTCPK:DMIFF) Effective Interest Rate on Debt % Explanation

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

Diamcor Mining Effective Interest Rate on Debt % Related Terms

Diamcor Mining Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Diamcor 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.

Diamcor Mining Effective Interest Rate on Debt % Chart

Diamcor Mining Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.77 13.33 14.62 22.20 21.25

Diamcor Mining Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 16.74 25.95 19.92 12.08 22.91

DMIFF vs AUMN, HL: Effective Interest Rate on Debt % Comparison

For the Other Precious Metals & Mining subindustry, Diamcor 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.

Diamcor Mining Effective Interest Rate on Debt % vs Metals & Mining Industry

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

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


DMIFF
18GF Score
Diamcor Mining Inc DMIFF
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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Diamcor Mining Effective Interest Rate on Debt % Calculation

Diamcor Mining'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  *  -1.203/( (4.986+6.337)/ 2 )
=-1  *  -1.203/5.6615
=21.25 %

where

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.095 + 4.891
=4.986

Total Debt  (A: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.113 + 6.224
=6.337

Diamcor Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2024 )+Total Debt  (Q: Dec. 2024 ))/ count )
=-1  *  -1.112/( (6.103+3.606)/ 2 )
=-1  *  -1.112/4.8545
=22.91 %

where

Total Debt  (Q: Sep. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.098 + 6.005
=6.103

Total Debt  (Q: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.086 + 3.52
=3.606

* 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 (Dec. 2024) 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 22.91% mean?
Diamcor Mining (DMIFF) has a Effective Interest Rate on Debt % of 22.91% as of Dec. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Diamcor Mining and its competitors.
Is Diamcor Mining's Effective Interest Rate on Debt % too high?
Diamcor Mining's current Effective Interest Rate on Debt % is 22.91%. Overall, Diamcor Mining has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Diamcor Mining's Effective Interest Rate on Debt % compare to AUMN and HL?
Diamcor Mining's Effective Interest Rate on Debt % of 22.91% 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 Diamcor Mining and its competitors. Diamcor Mining's current Effective Interest Rate on Debt % is 22.91%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Diamcor Mining stock overvalued right now?
Diamcor Mining (DMIFF) has a current Effective Interest Rate on Debt % of 22.91%. The current Effective Interest Rate on Debt % is 22.91%. Diamcor Mining's overall GF Score™ is 18/100. 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 Diamcor Mining (DMIFF), the current Effective Interest Rate on Debt % is 22.91% as of Dec. 2024. 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.

Diamcor Mining Business Description

Address 1620 Dickson Avenue, Suite 630, Kelowna, BC, CAN, V1Y 9Y2
Diamcor Mining Inc is a mining and exploration company. It is engaged in the identification, acquisition, exploration, evaluation, operation, and advancement of diamond-based resource properties with a specific focus on the mining segment of the diamond industry through its subsidiaries. Some of its projects include the Krone-Endora at Venetia project. Geographically, it operates in Canada and South Africa.
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Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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