Gryphon Digital Mining (Gryphon Digital Mining) Effective Interest Rate on Debt % : 11.44% (As of Dec. 2023)

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What is Gryphon Digital 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. Gryphon Digital Mining's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $1.13 Mil. Gryphon Digital Mining's average total debt for the quarter that ended in Dec. 2023 was $9.88 Mil. Therefore, Gryphon Digital Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 11.44%.

Gryphon Digital Mining Effective Interest Rate on Debt % Historical Data

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

Gryphon Digital Mining Annual Data

Trend

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

4.86

5.61

11.44

Gryphon Digital Mining Semi-Annual Data
	Dec21	Dec22	Dec23
Effective Interest Rate on Debt %	4.86	5.61	11.44

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

For the Capital Markets subindustry, Gryphon Digital 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.

Gryphon Digital Mining's Effective Interest Rate on Debt % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Gryphon Digital Mining's Effective Interest Rate on Debt % distribution charts can be found below:

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

Gryphon Digital Mining Effective Interest Rate on Debt % Calculation

Gryphon Digital 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 * -1.13	/	( (14.607	+	5.149)	/ 2 )
=	-1 * -1.13	/	9.878
=	11.44 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.407	+	13.2
=	14.607

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5.149
=	5.149

Gryphon Digital 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: Dec. 2022 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -1.13	/	( (14.607	+	5.149)	/ 2 )
=	-1 * -1.13	/	9.878
=	11.44 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.407	+	13.2
=	14.607

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	5.149
=	5.149

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

Gryphon Digital Mining (OTCPK:KERNW) Effective Interest Rate on Debt % Explanation

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

Gryphon Digital Mining Effective Interest Rate on Debt % Related Terms

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Gryphon Digital Mining (Gryphon Digital Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Gryphon Digital Mining Inc (OTCPK:KERNW) » Definitions » Effective Interest Rate on Debt %

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GRYP:USA

Address

5953 Mabel Road, Unit 138, Las Vegas, NV, USA, 89110

Website

https://gryphondigitalmining.com

Gryphon Digital Mining Inc is a Bitcoin mining company. Gryphon's mission is to create the world's leading net carbon-neutral Bitcoin miner. The Company will operate a digital asset, mining operation using specialized computers equipped with application-specific integrated circuit (ASIC) chips to solve complex cryptographic algorithms in support of the Bitcoin blockchain in exchange for cryptocurrency rewards (primarily Bitcoin).