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North Bay Resources (North Bay Resources) Effective Interest Rate on Debt % : 27.81% (As of Sep. 2015)


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What is North Bay Resources 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. North Bay Resources's annualized positive value of Interest Expense for the quarter that ended in Sep. 2015 was $0.89 Mil. North Bay Resources's average total debt for the quarter that ended in Sep. 2015 was $3.21 Mil. Therefore, North Bay Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2015 was 27.81%.


North Bay Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for North Bay Resources'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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North Bay Resources Effective Interest Rate on Debt % Chart

North Bay Resources Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 72.41 17.15 29.99 29.60 61.04

North Bay Resources Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
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 55.16 92.52 50.84 40.61 27.81

Competitive Comparison of North Bay Resources's Effective Interest Rate on Debt %

For the Other Precious Metals & Mining subindustry, North Bay Resources'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.


North Bay Resources's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where North Bay Resources's Effective Interest Rate on Debt % falls into.



North Bay Resources Effective Interest Rate on Debt % Calculation

North Bay Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2014 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2013 )+Total Debt  (A: Dec. 2014 ))/ count )
=-1  *  -1.674/( (2.712+2.773)/ 2 )
=-1  *  -1.674/2.7425
=61.04 %

where

Total Debt  (A: Dec. 2013 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1.206 + 1.506
=2.712

Total Debt  (A: Dec. 2014 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.013 + 2.76
=2.773

North Bay Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2015 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2015 )+Total Debt  (Q: Sep. 2015 ))/ count )
=-1  *  -0.892/( (3.157+3.258)/ 2 )
=-1  *  -0.892/3.2075
=27.81 %

where

Total Debt  (Q: Jun. 2015 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.008 + 3.149
=3.157

* 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 (Sep. 2015) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


North Bay Resources  (OTCPK:NBRI) Effective Interest Rate on Debt % Explanation

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


North Bay Resources Effective Interest Rate on Debt % Related Terms

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North Bay Resources (North Bay Resources) Business Description

Traded in Other Exchanges
N/A
Address
P.O. Box 162, Skippack, PA, USA, 19474
North Bay Resources Inc is a natural resource company. It is engaged in the exploration, acquisition, development, and mining of precious metals and other mineral properties. The company's projects include Mount Washington Project; Tulameen Platinum; Zeballos Gold; Fraser River Platinum; and; Zippa Mtn Wollastonite.

North Bay Resources (North Bay Resources) Headlines