ELDCF (Electrum Discovery) Effective Interest Rate on Debt % : 12.63% (As of Dec. 2024)

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What is Electrum Discovery 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. Electrum Discovery's annualized positive value of Interest Expense for the quarter that ended in Dec. 2024 was $0.02 Mil. Electrum Discovery's average total debt for the quarter that ended in Dec. 2024 was $0.19 Mil. Therefore, Electrum Discovery's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2024 was 12.63%.

Electrum Discovery Effective Interest Rate on Debt % Historical Data

The historical data trend for Electrum Discovery'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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Electrum Discovery Effective Interest Rate on Debt % Chart

Electrum Discovery Annual Data

Trend

Dec22

Dec23

Dec24

Effective Interest Rate on Debt %

7.06

Electrum Discovery Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial				-	-	-	-	12.63

Competitive Comparison of Electrum Discovery's Effective Interest Rate on Debt %

For the Other Precious Metals & Mining subindustry, Electrum Discovery'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.

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

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

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

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Electrum Discovery Effective Interest Rate on Debt % Calculation

Electrum Discovery'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 * -0.006	/	( (0.085	+	0)	/ 1 )
=	-1 * -0.006	/	0.085
=	7.06 %

where

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.085	+	0
=	0.085

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

Electrum Discovery'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 * -0.024	/	( (0.19	+	0)	/ 1 )
=	-1 * -0.024	/	0.19
=	12.63 %

where

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.19
=	0.19

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

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.

Electrum Discovery (OTCPK:ELDCF) Effective Interest Rate on Debt % Explanation

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

Electrum Discovery Effective Interest Rate on Debt % Related Terms

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Electrum Discovery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Electrum Discovery Corp (OTCPK:ELDCF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

R8N:Germany ELY:Canada

Address

200 Burrard Street, Suite 650, Vancouver, BC, CAN, V6C 3L6

Website

https://www.medgoldresources.com

Electrum Discovery Corp is a Canadian-based mineral exploration and development company focused on the Western Tethyan Belt with activities in the Republic of Serbia. The current focus of the company is its copper-gold Timok East Project and Novo Tlamino Project.

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