Southern Cross Gold Consolidated (LTS:0A9C) Effective Interest Rate on Debt % : 5.48% (As of Feb. 2025)

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What is Southern Cross Gold Consolidated 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. Southern Cross Gold Consolidated's annualized positive value of Interest Expense for the quarter that ended in Feb. 2025 was C$0.04 Mil. Southern Cross Gold Consolidated's average total debt for the quarter that ended in Feb. 2025 was C$0.80 Mil. Therefore, Southern Cross Gold Consolidated's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2025 was 5.48%.

Southern Cross Gold Consolidated Effective Interest Rate on Debt % Historical Data

The historical data trend for Southern Cross Gold Consolidated'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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Southern Cross Gold Consolidated Effective Interest Rate on Debt % Chart

Southern Cross Gold Consolidated Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Effective Interest Rate on Debt %

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0.47

2.09

Southern Cross Gold Consolidated Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.26	5.67	7.44	5.65	5.48

Competitive Comparison of Southern Cross Gold Consolidated's Effective Interest Rate on Debt %

For the Gold subindustry, Southern Cross Gold Consolidated'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.

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

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

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

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Southern Cross Gold Consolidated Effective Interest Rate on Debt % Calculation

Southern Cross Gold Consolidated's annualized Effective Interest Rate on Debt % for the fiscal year that ended in May. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: May. 2023 )	+	Total Debt (A: May. 2024 ))	/ count )
=	-1 * -0.011	/	( (0.85	+	0.204)	/ 2 )
=	-1 * -0.011	/	0.527
=	2.09 %

where

	Total Debt (A: May. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.71	+	0.14
=	0.85

	Total Debt (A: May. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.104	+	0.1
=	0.204

Southern Cross Gold Consolidated's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2025 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2024 )	+	Total Debt (Q: Feb. 2025 ))	/ count )
=	-1 * -0.044	/	( (0.829	+	0.776)	/ 2 )
=	-1 * -0.044	/	0.8025
=	5.48 %

where

	Total Debt (Q: Nov. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.652	+	0.177
=	0.829

	Total Debt (Q: Feb. 2025 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.618	+	0.158
=	0.776

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 (Feb. 2025) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Southern Cross Gold Consolidated (LTS:0A9C) Effective Interest Rate on Debt % Explanation

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

Southern Cross Gold Consolidated Effective Interest Rate on Debt % Related Terms

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Southern Cross Gold Consolidated Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Southern Cross Gold Consolidated Ltd (LTS:0A9C) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

MWSNF:USA MV3:Germany SXGC:Canada SX2:Australia

Address

1090 West Georgia Street, Suite 1305, Vancouver, BC, CAN, V6E 3V7

Website

https://www.southerncrossgold.com

Southern Cross Gold Consolidated Ltd is a gold exploration company. The projects of the company include Sunday Creek, Redcastle, MT Isa, and others. The Company is also engaged exploring in antimony in the Victorian Goldfields.

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