GGAZF (Goldgroup Mining) Effective Interest Rate on Debt % : 49.69% (As of Sep. 2024)

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What is Goldgroup 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. Goldgroup Mining's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $0.04 Mil. Goldgroup Mining's average total debt for the quarter that ended in Sep. 2024 was $0.08 Mil. Therefore, Goldgroup Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was 49.69%.

Goldgroup Mining Effective Interest Rate on Debt % Historical Data

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

Goldgroup Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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19.20

11.39

11.82

7.64

8.04

Goldgroup Mining Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.68	1.19	1.51	5.08	49.69

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

For the Gold subindustry, Goldgroup 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.

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

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

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

Goldgroup Mining Effective Interest Rate on Debt % Calculation

Goldgroup 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 * -0.17	/	( (4.046	+	0.182)	/ 2 )
=	-1 * -0.17	/	2.114
=	8.04 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.078	+	3.968
=	4.046

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.126	+	0.056
=	0.182

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * -0.04	/	( (0.133	+	0.028)	/ 2 )
=	-1 * -0.04	/	0.0805
=	49.69 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.021	+	0.112
=	0.133

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.017	+	0.011
=	0.028

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

Goldgroup Mining (OTCPK:GGAZF) Effective Interest Rate on Debt % Explanation

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

Goldgroup Mining Effective Interest Rate on Debt % Related Terms

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Goldgroup Mining Business Description

Industry

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

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Traded in Other Exchanges

55G0:Germany 55G0:Germany GGA:Canada

Address

1166 Alberni Street, Suite 1201, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.goldgroupmining.com

Goldgroup Mining Inc is a Canadian-based gold production, development, and exploration company with an upside in a portfolio of projects in Mexico, including an interest in DynaResource de Mexico, S.A. de C.V., which owns 100 percent of the high-grade gold exploration project, San Jose de Gracia, located in the State of Sinaloa. In addition, the company operates its 100%-owned Cerro Prieto heap-leach gold mine, in the State of Sonora, Mexico.