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Shanta Gold (LSE:SHG) Effective Interest Rate on Debt % : 6.76% (As of Jun. 2023)


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What is Shanta 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. Shanta Gold's annualized positive value of Interest Expense for the quarter that ended in Jun. 2023 was £1.6 Mil. Shanta Gold's average total debt for the quarter that ended in Jun. 2023 was £24.2 Mil. Therefore, Shanta Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 was 6.76%.

Shanta Gold Effective Interest Rate on Debt % Historical Data

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

Shanta Gold Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.42 11.74 16.66 22.92 21.29

Shanta Gold Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 13.13 74.65 23.20 29.34 6.76

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

For the Gold subindustry, Shanta 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.

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

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

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


Shanta Gold Effective Interest Rate on Debt % Calculation

Shanta Gold's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -2.901/( (4.72+22.529)/ 2 )
=-1  *  -2.901/13.6245
=21.29 %

where

Total Debt  (A: Dec. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=2.597 + 2.123
=4.72

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15.858 + 6.671
=22.529

Shanta Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2022 )+Total Debt  (Q: Jun. 2023 ))/ count )
=-1  *  -1.634/( (22.529+25.821)/ 2 )
=-1  *  -1.634/24.175
=6.76 %

where

Total Debt  (Q: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=15.858 + 6.671
=22.529

Total Debt  (Q: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=13.802 + 12.019
=25.821

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

Shanta Gold  (LSE:SHG) Effective Interest Rate on Debt % Explanation

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

Shanta Gold Effective Interest Rate on Debt % Related Terms

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Shanta Gold (LSE:SHG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shanta Gold Ltd (LSE:SHG) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
35S:Germany
Address
11 New Street, St Peter Port, GGY, GY1 2PF
Website
https://www.shantagold.com
Shanta Gold Ltd is a gold-producing company in Tanzania. It is organized into one main operating segment which includes mining, processing, exploration, and related activities. Its main project operations are the New Luika gold mine, Singida, and Songea. Its New Luika gold mine project is located in Tanzania and is in the Songwe District of Southwestern Tanzania. It Singida project is located in the Ikungi administrative district of the Singida region, central Tanzania.