Central Rand Gold (LSE:CRND) Effective Interest Rate on Debt % : 9.96% (As of Jun. 2017)

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What is Central Rand 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. Central Rand Gold's annualized positive value of Interest Expense for the quarter that ended in Jun. 2017 was £1.25 Mil. Central Rand Gold's average total debt for the quarter that ended in Jun. 2017 was £12.58 Mil. Therefore, Central Rand Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2017 was 9.96%.

Central Rand Gold Effective Interest Rate on Debt % Historical Data

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

Central Rand Gold Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Effective Interest Rate on Debt %

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10.67

7.97

15.73

19.62

9.89

Central Rand Gold Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17
Effective Interest Rate on Debt %	Get a 7-Day Free Trial												10.97	27.50	10.76	7.54	9.96

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

For the Gold subindustry, Central Rand 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.

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

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

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

Central Rand Gold Effective Interest Rate on Debt % Calculation

Central Rand Gold's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2016 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2015 )	+	Total Debt (A: Dec. 2016 ))	/ count )
=	-1 * -1.037	/	( (8.767	+	12.198)	/ 2 )
=	-1 * -1.037	/	10.4825
=	9.89 %

where

	Total Debt (A: Dec. 2015 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.118	+	4.649
=	8.767

	Total Debt (A: Dec. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.173	+	6.025
=	12.198

Central Rand Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2017 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2016 )	+	Total Debt (Q: Jun. 2017 ))	/ count )
=	-1 * -1.252	/	( (12.198	+	12.953)	/ 2 )
=	-1 * -1.252	/	12.5755
=	9.96 %

where

	Total Debt (Q: Dec. 2016 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.173	+	6.025
=	12.198

	Total Debt (Q: Jun. 2017 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.753	+	6.2
=	12.953

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 two times the semi-annual (Jun. 2017) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Central Rand Gold (LSE:CRND) Effective Interest Rate on Debt % Explanation

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

Central Rand Gold Effective Interest Rate on Debt % Related Terms

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Central Rand Gold (LSE:CRND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Central Rand Gold Ltd (LSE:CRND) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

Trafalgar Court, 2nd Floor, East Wing, Admiral Park, St Peter Port, GGY, GY13HU

Website

http://www.centralrandgold.com

Central Rand Gold Ltd is a gold exploration and production group. It is engaged in a gold mining and exploration project that aims to bring profitable and sustainable gold mining back to the City of Johannesburg. The company plans to extract all profitable gold from its resource base using appropriate mining, processing, and environmentally friendly technologies. Central Rand Gold's current portfolio is the Consolidated Main Reef (CMR) operations which have been split into CMR West and CMR East and the Crown Mines development. CMR West is Central Rand Gold's first mining target area. It comprises an operational underground and opencast gold mine that utilizes conventional opencast stopping and extraction methods.

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