Patagonia Gold (Patagonia Gold) Effective Interest Rate on Debt % : 13.99% (As of Sep. 2022)

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What is Patagonia 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. Patagonia Gold's annualized positive value of Interest Expense for the quarter that ended in Sep. 2022 was $3.93 Mil. Patagonia Gold's average total debt for the quarter that ended in Sep. 2022 was $28.10 Mil. Therefore, Patagonia Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 was 13.99%.

Patagonia Gold Effective Interest Rate on Debt % Historical Data

The historical data trend for Patagonia 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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Patagonia Gold Effective Interest Rate on Debt % Chart

Patagonia Gold Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Effective Interest Rate on Debt %

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9.14

6.56

8.44

8.04

6.00

Patagonia Gold Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															7.54	8.84	11.28	12.42	13.99

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

For the Other Precious Metals & Mining subindustry, Patagonia 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.

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

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

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

Patagonia Gold Effective Interest Rate on Debt % Calculation

Patagonia Gold's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2020 )	+	Total Debt (A: Dec. 2021 ))	/ count )
=	-1 * -1.436	/	( (24.916	+	22.985)	/ 2 )
=	-1 * -1.436	/	23.9505
=	6.00 %

where

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	14.917	+	9.999
=	24.916

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15.762	+	7.223
=	22.985

Patagonia Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2022 )	+	Total Debt (Q: Sep. 2022 ))	/ count )
=	-1 * -3.932	/	( (26.821	+	29.383)	/ 2 )
=	-1 * -3.932	/	28.102
=	13.99 %

where

	Total Debt (Q: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16.031	+	10.79
=	26.821

	Total Debt (Q: Sep. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16.131	+	13.252
=	29.383

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. 2022) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Patagonia Gold (OTCPK:HGLD) Effective Interest Rate on Debt % Explanation

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

Patagonia Gold Effective Interest Rate on Debt % Related Terms

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Patagonia Gold (Patagonia Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Patagonia Gold Corp (OTCPK:HGLD) » Definitions » Effective Interest Rate on Debt %

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Address

2200 - 885 West Georgia Street, 2200 HSBC Building, Vancouver, BC, CAN, V6C 3E8

Website

https://www.patagoniagold.com

Patagonia Gold Corp is a Canada-based mineral exploration company. The firm is engaged in the exploration, development, and production of gold and silver projects in the southern Patagonia region of Argentina, Chile, and Uruguay. It also holds interests in mineral exploration companies, which are involved in the identification, acquisition, development, and exploitation of mineral projects. Some of its projects include the Calcatreu, Cap-Oeste, El Tranquilo, La Josefina, La Manchuria, and La Valenciana.