Silver X Mining (FRA:AGX) Effective Interest Rate on Debt % : 15.67% (As of Mar. 2024)

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What is Silver X 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. Silver X Mining's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €0.24 Mil. Silver X Mining's average total debt for the quarter that ended in Mar. 2024 was €1.51 Mil. Therefore, Silver X Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 15.67%.

Silver X Mining Effective Interest Rate on Debt % Historical Data

The historical data trend for Silver X 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.

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Silver X Mining Effective Interest Rate on Debt % Chart

Silver X Mining Annual Data

Trend

Feb20

Feb21

Dec22

Dec23

Effective Interest Rate on Debt %

39.51

30.32

Silver X Mining Quarterly Data
	May20	Aug20	Feb21	May21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial									20.27	43.91	22.82	28.45	15.67

Competitive Comparison of Silver X Mining's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Silver X 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.

Silver X Mining's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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

Silver X Mining Effective Interest Rate on Debt % Calculation

Silver X Mining's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -0.586	/	( (2.25	+	1.616)	/ 2 )
=	-1 * -0.586	/	1.933
=	30.32 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.306	+	1.944
=	2.25

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.108	+	1.508
=	1.616

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -0.236	/	( (1.616	+	1.396)	/ 2 )
=	-1 * -0.236	/	1.506
=	15.67 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.108	+	1.508
=	1.616

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.144	+	1.252
=	1.396

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 (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Silver X Mining (FRA:AGX) Effective Interest Rate on Debt % Explanation

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

Silver X Mining Effective Interest Rate on Debt % Related Terms

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Silver X Mining (FRA:AGX) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

AGXPF:USA AGX:Germany AGX:Canada

Address

800 West Pender Street, Suite 1430, Vancouver, BC, CAN, V6C 2V6

Website

https://www.silverx-mining.com

Silver X Mining Corp is a Canadian silver mining company with assets in Peru and Ecuador. The Company operates in two reportable operating segments, the exploration and development of mineral properties. The company's flagship asset is the Nueva Recuperada silver lead zinc project located in Huancavelica, Peru. The firm offers diverse commodity exposure, including silver, gold, lead, and zinc opportunities. It also holds interest in the Coriorcco gold project.