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Inception Mining (Inception Mining) Effective Interest Rate on Debt % : -92.58% (As of Dec. 2023)


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What is Inception 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. Inception Mining's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $-0.98 Mil. Inception Mining's average total debt for the quarter that ended in Dec. 2023 was $1.06 Mil. Therefore, Inception Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was -92.58%.


Inception Mining Effective Interest Rate on Debt % Historical Data

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

Inception Mining Annual Data
Trend Jul14 Jul15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 293.48 48.11 31.15 24.70 4.27

Inception Mining Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.52 11.02 6.57 122.46 -92.58

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

For the Gold subindustry, Inception 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.


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

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

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



Inception Mining Effective Interest Rate on Debt % Calculation

Inception 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  *  -0.278/( (11.96+1.074)/ 2 )
=-1  *  -0.278/6.517
=4.27 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=5.449 + 6.511
=11.96

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.869 + 0.205
=1.074

Inception Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  0.98/( (1.043+1.074)/ 2 )
=-1  *  0.98/1.0585
=-92.58 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.929 + 0.114
=1.043

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.869 + 0.205
=1.074

* 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.

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Inception Mining  (OTCPK:IMII) Effective Interest Rate on Debt % Explanation

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


Inception Mining Effective Interest Rate on Debt % Related Terms

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Inception Mining (Inception Mining) Business Description

Traded in Other Exchanges
N/A
Address
5530 South 900 East, Suite 280, Murray, UT, USA, 84117
Inception Mining Inc is engaged in the identification, exploration, acquisition, and development of mineral properties. The company primarily explores gold. Its operations are focused on the Clavo Rico mine in Honduras, Central America. Inception derives most of its revenue from mining operations.
Executives
Whitney O Cluff director, officer: Chief Financial Officer 6550 SOUTH MILLROCK DRIVE, SUITE 200, SALT LAKE CITY UT 84121
Trent D'ambrosio director, 10 percent owner 5320 SOUTH 900 EAST, #260, MURRAY UT 84107
Reed L Benson director 7050 UNION PARK CENTER, #600, SALT LAKE CITY UT 84047
Jason Briggs 10 percent owner 4049 S. HIGHLAND DRIVE, SALT LAKE CITY UT 84124
Kay W Briggs director 978 EAGLE WAY, NORTH SALT LAKE UT 84054
Michael Ahlin director, officer: CEO 4770 ICHABOD DRIVE, HOLLADAY UT 84117
Brian T. Brewer director, officer: COO P.O. BOX 305, SALMON ID 83467

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