NTVMF (Elevation Gold Mining) Effective Interest Rate on Debt % : 20.18% (As of Mar. 2024)

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What is Elevation Gold Mining 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. Elevation Gold Mining's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $6.94 Mil. Elevation Gold Mining's average total debt for the quarter that ended in Mar. 2024 was $34.40 Mil. Therefore, Elevation Gold Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 20.18%.

Elevation Gold Mining Effective Interest Rate on Debt % Historical Data

The historical data trend for Elevation Gold Mining'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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Elevation Gold Mining Effective Interest Rate on Debt % Chart

Elevation Gold Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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21.66

36.48

25.14

31.38

24.97

Elevation Gold Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															31.12	23.69	20.88	22.54	20.18

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

For the Gold subindustry, Elevation Gold Mining'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.

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

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

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

Elevation Gold Mining Effective Interest Rate on Debt % Calculation

Elevation Gold Mining'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 * -5.451	/	( (12.931	+	30.728)	/ 2 )
=	-1 * -5.451	/	21.8295
=	24.97 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	6.199	+	6.732
=	12.931

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21.107	+	9.621
=	30.728

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -6.94	/	( (30.728	+	38.068)	/ 2 )
=	-1 * -6.94	/	34.398
=	20.18 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	21.107	+	9.621
=	30.728

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	19.764	+	18.304
=	38.068

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

Elevation Gold Mining (OTCPK:NTVMF) Effective Interest Rate on Debt % Explanation

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

Elevation Gold Mining Effective Interest Rate on Debt % Related Terms

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Elevation Gold Mining Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Elevation Gold Mining Corp (OTCPK:NTVMF) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

1188 West Georgia, Suite 1920, Vancouver, BC, CAN, V6E 4A2

Website

https://www.elevationgold.com

Elevation Gold Mining Corp operates as a precious metals exploration and mining company. It acquires, explores for, and develops mineral properties in the United States and Canada. The company's principal operation is the production of gold and silver from Moss Mine in the Mohave County of Arizona. It also holds title to the Hercules exploration property, located in Lyon County, Nevada.