GWRRF (Engold Mines) Effective Interest Rate on Debt % : 7.27% (As of Jun. 2024)

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What is Engold Mines 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. Engold Mines's annualized positive value of Interest Expense for the quarter that ended in Jun. 2024 was $0.01 Mil. Engold Mines's average total debt for the quarter that ended in Jun. 2024 was $0.17 Mil. Therefore, Engold Mines's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 was 7.27%.

Engold Mines Effective Interest Rate on Debt % Historical Data

The historical data trend for Engold Mines'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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Engold Mines Effective Interest Rate on Debt % Chart

Engold Mines Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Effective Interest Rate on Debt %

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8.15

7.33

7.25

5.05

Engold Mines Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															6.84	5.93	5.67	8.00	7.27

Competitive Comparison of Engold Mines's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Engold Mines'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.

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

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

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

Engold Mines Effective Interest Rate on Debt % Calculation

Engold Mines's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Sep. 2022 )	+	Total Debt (A: Sep. 2023 ))	/ count )
=	-1 * -0.007	/	( (0.138	+	0.139)	/ 2 )
=	-1 * -0.007	/	0.1385
=	5.05 %

where

	Total Debt (A: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.104	+	0.034
=	0.138

	Total Debt (A: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.021	+	0.118
=	0.139

Engold Mines's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Mar. 2024 )	+	Total Debt (Q: Jun. 2024 ))	/ count )
=	-1 * -0.012	/	( (0.157	+	0.173)	/ 2 )
=	-1 * -0.012	/	0.165
=	7.27 %

where

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.049	+	0.108
=	0.157

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.045	+	0.128
=	0.173

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

Engold Mines (OTCPK:GWRRF) Effective Interest Rate on Debt % Explanation

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

Engold Mines Effective Interest Rate on Debt % Related Terms

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Engold Mines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Engold Mines Ltd (OTCPK:GWRRF) » Definitions » Effective Interest Rate on Debt %

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EGM:Canada

Address

1030 West Georgia Street, Suite 1507, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.engold.ca

Engold Mines Ltd is in the business of exploring and evaluating economically viable mineral properties in Canada. The company's properties include Lac La Hache, Gibraltar, and Mt. Polley mines and Aurizon Gold-Silver-Copper Zone. The Lac La Hache Property hosts numerous copper-gold mineral deposits and prospects within a large alkalic porphyry system similar to the geological environments underlying well known BC copper-gold mines such as Red Chris, New Afton, Copper Mountain, and nearby Mount Polley.