NFGC (New Found Gold) Effective Interest Rate on Debt %: 28.77% (As of Mar. 2026)


NFGC New Found Gold Corp NFGC
31 GF Score
Price $1.66
! 2 Warning Signs
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What is New Found Gold Effective Interest Rate on Debt %?

New Found Gold NFGC +4.40% 31 Effective Interest Rate on Debt % is 28.77% as of Mar. 2026. GuruFocus rates NFGC with a GF Score™ of 31/100. The stock has 2 warning signs investors should review.

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. New Found Gold's annualized positive value of Interest Expense for the quarter that ended in Mar. 2026 was $0.30 Mil. New Found Gold's average total debt for the quarter that ended in Mar. 2026 was $1.03 Mil. Therefore, New Found Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2026 was 28.77%.

New Found Gold  (AMEX:NFGC) Effective Interest Rate on Debt % Explanation

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

New Found Gold Effective Interest Rate on Debt % Related Terms

New Found Gold Effective Interest Rate on Debt % Historical Data

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The historical data trend for New Found 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.

New Found Gold Effective Interest Rate on Debt % Chart

New Found Gold Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 8.33 12.63 17.54 17.73 17.94

New Found Gold Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 15.38 18.75 14.81 65.60 28.77

NFGC vs NEM, AU: Effective Interest Rate on Debt % Comparison

For the Gold subindustry, New Found 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.

New Found Gold Effective Interest Rate on Debt % vs Metals & Mining Industry

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

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


NFGC
31GF Score
New Found Gold Corp NFGC
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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New Found Gold Effective Interest Rate on Debt % Calculation

New Found Gold's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2025 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2024 )+Total Debt  (A: Dec. 2025 ))/ count )
=-1  *  -0.082/( (0.086+0.828)/ 2 )
=-1  *  -0.082/0.457
=17.94 %

where

Total Debt  (A: Dec. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.048 + 0.038
=0.086

Total Debt  (A: Dec. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.612 + 0.216
=0.828

New Found Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2026 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2025 )+Total Debt  (Q: Mar. 2026 ))/ count )
=-1  *  -0.296/( (0.828+1.23)/ 2 )
=-1  *  -0.296/1.029
=28.77 %

where

Total Debt  (Q: Dec. 2025 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.612 + 0.216
=0.828

Total Debt  (Q: Mar. 2026 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.993 + 0.237
=1.23

* 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 (Mar. 2026) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 28.77% mean?
New Found Gold (NFGC) has a Effective Interest Rate on Debt % of 28.77% as of Mar. 2026. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on New Found Gold and its competitors.
Is New Found Gold's Effective Interest Rate on Debt % too high?
New Found Gold's current Effective Interest Rate on Debt % is 28.77%. Overall, New Found Gold has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does New Found Gold's Effective Interest Rate on Debt % compare to NEM and AU?
New Found Gold's Effective Interest Rate on Debt % of 28.77% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Metals & Mining company?
A good Effective Interest Rate on Debt % depends on the Metals & Mining industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on New Found Gold and its competitors. New Found Gold's current Effective Interest Rate on Debt % is 28.77%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Found Gold stock overvalued right now?
New Found Gold (NFGC) has a current Effective Interest Rate on Debt % of 28.77%. The current Effective Interest Rate on Debt % is 28.77%. New Found Gold's overall GF Score™ is 31/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For New Found Gold (NFGC), the current Effective Interest Rate on Debt % is 28.77% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

New Found Gold Business Description

Other Exchanges 5QG:GermanyNFG:Canada
Address 1133 Melville Street, Suite 3500, Vancouver, BC, CAN, V6E 4E5
New Found Gold Corp is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in the Provinces of Newfoundland and Labrador and Ontario, Canada. The Companies exploration is focused on discovering and delineating gold resources. The Company has one material property: the Queensway Project located in Newfoundland, Canada (the Queensway Project).
31GF Score

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Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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