Geovic Mining (FRA:L9E) Effective Interest Rate on Debt % : 238.54% (As of Sep. 2014)

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What is Geovic 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. Geovic Mining's annualized positive value of Interest Expense for the quarter that ended in Sep. 2014 was €2.68 Mil. Geovic Mining's average total debt for the quarter that ended in Sep. 2014 was €1.12 Mil. Therefore, Geovic Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2014 was 238.54%.

Geovic Mining Effective Interest Rate on Debt % Historical Data

The historical data trend for Geovic 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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Geovic Mining Effective Interest Rate on Debt % Chart

Geovic Mining Annual Data

Trend

Apr04

Apr05

Apr06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Effective Interest Rate on Debt %

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19.79

Geovic Mining Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															17.78	122.43	183.33	214.21	238.54

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

For the Other Industrial Metals & Mining subindustry, Geovic 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.

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

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

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

Geovic Mining Effective Interest Rate on Debt % Calculation

Geovic Mining's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2013 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2012 )	+	Total Debt (A: Dec. 2013 ))	/ count )
=	-1 * -0.096	/	( (0	+	0.485)	/ 1 )
=	-1 * -0.096	/	0.485
=	19.79 %

where

	Total Debt (A: Dec. 2012 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2013 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.485
=	0.485

Geovic Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2014 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2014 )	+	Total Debt (Q: Sep. 2014 ))	/ count )
=	-1 * -2.68	/	( (1.059	+	1.188)	/ 2 )
=	-1 * -2.68	/	1.1235
=	238.54 %

where

	Total Debt (Q: Jun. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.059
=	1.059

	Total Debt (Q: Sep. 2014 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.188
=	1.188

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. 2014) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Geovic Mining (FRA:L9E) Effective Interest Rate on Debt % Explanation

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

Geovic Mining Effective Interest Rate on Debt % Related Terms

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Geovic Mining (FRA:L9E) Business Description

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Address

5500 East Yale Avenue, Suite 302, Denver, CO, USA, 80222

Website

http://www.geovic.net

Geovic Mining Corp is in the business of identifying, exploring and initially developing mineral exploration prospects. It has mining permit covering entire nickel -manganese district in Cameroon's east province. The company also through its subsidiary is engaged in strategic acquisition, exploration and development of other mineral properties.

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