Quimbaya Gold (FRA:K05) Effective Interest Rate on Debt % : 40.38% (As of Dec. 2024)

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What is Quimbaya Gold 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. Quimbaya Gold's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was €0.06 Mil. Quimbaya Gold's average total debt for the quarter that ended in Dec. 2024 was €0.16 Mil. Therefore, Quimbaya Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 40.38%.

Quimbaya Gold Effective Interest Rate on Debt % Historical Data

The historical data trend for Quimbaya 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.

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Quimbaya Gold Effective Interest Rate on Debt % Chart

Quimbaya Gold Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

19.53

32.82

Quimbaya Gold Quarterly Data
	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												22.49	16.54	14.26	15.30	40.38

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

For the Gold subindustry, Quimbaya 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.

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

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

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

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Quimbaya Gold Effective Interest Rate on Debt % Calculation

Quimbaya Gold's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2023 )	+	Total Debt (A: Dec. 2024 ))	/ count )
=	-1 * -0.043	/	( (0.169	+	0.093)	/ 2 )
=	-1 * -0.043	/	0.131
=	32.82 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.142	+	0.027
=	0.169

	Total Debt (A: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.093
=	0.093

Quimbaya Gold'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 * -0.064	/	( (0.224	+	0.093)	/ 2 )
=	-1 * -0.064	/	0.1585
=	40.38 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.224
=	0.224

	Total Debt (Q: Dec. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.093
=	0.093

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.

Quimbaya Gold (FRA:K05) Effective Interest Rate on Debt % Explanation

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

Quimbaya Gold Effective Interest Rate on Debt % Related Terms

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Quimbaya Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quimbaya Gold Inc (FRA:K05) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

QIMGF:USA QIM:Canada

Address

100 King Street West, Suite 6000, Toronto, ON, CAN, M5X 1E2

Website

https://www.quimbayagold.com

Quimbaya Gold Inc is engaged in the acquisition, exploration, and development of mineral properties in Colombia. The company holds interests in the Berrio project situated within the Segovia gold belt.

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