NGD (New Gold) Effective Interest Rate on Debt % : -0.84% (As of Sep. 2024)

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What is New 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. New Gold's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was $-4.0 Mil. New Gold's average total debt for the quarter that ended in Sep. 2024 was $474.8 Mil. Therefore, New Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was -0.84%.

New Gold Effective Interest Rate on Debt % Historical Data

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

New Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.06

7.71

5.60

4.92

1.76

New Gold Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															1.31	1.00	0.80	0.27	-0.84

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

For the Gold subindustry, New 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 Gold's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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

New Gold Effective Interest Rate on Debt % Calculation

New Gold's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -7	/	( (396.2	+	398.6)	/ 2 )
=	-1 * -7	/	397.4
=	1.76 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	396.2	+	0
=	396.2

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	398.6	+	0
=	398.6

New Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2024 )	+	Total Debt (Q: Sep. 2024 ))	/ count )
=	-1 * 4	/	( (499.7	+	449.9)	/ 2 )
=	-1 * 4	/	474.8
=	-0.84 %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	498.6	+	1.1
=	499.7

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	448.9	+	1
=	449.9

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. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

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

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

New Gold Effective Interest Rate on Debt % Related Terms

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New Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Gold Inc (AMEX:NGD) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

0V90:UK 32N:Germany 32N:Germany NGD:Canada

Address

181 Bay Street, Suite 3320, Toronto, ON, CAN, M5J 2T3

Website

https://www.newgold.com

New Gold Inc participates in the development and operation of intermediate mining properties. The company has a portfolio of two primary assets: the Rainy River Mine and the New Afton Mine in Canada. The company also owns the Cerro San Pedro Mine in Mexico. The company derives revenue from the sale of gold, copper, and silver.