Nexus Gold (Nexus Gold) Effective Interest Rate on Debt % : 6.73% (As of Oct. 2023)

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What is Nexus 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. Nexus Gold's annualized positive value of Interest Expense for the quarter that ended in Oct. 2023 was $0.04 Mil. Nexus Gold's average total debt for the quarter that ended in Oct. 2023 was $0.54 Mil. Therefore, Nexus Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 was 6.73%.

Nexus Gold Effective Interest Rate on Debt % Historical Data

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

Nexus Gold Annual Data

Trend

Jul13

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Effective Interest Rate on Debt %

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5.38

10.59

3.91

6.67

Nexus Gold Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															15.11	19.45	5.97	7.33	6.73

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

For the Gold subindustry, Nexus 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.

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

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

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

Nexus Gold Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2022 )	+	Total Debt (A: Jan. 2023 ))	/ count )
=	-1 * -0.027	/	( (0.281	+	0.529)	/ 2 )
=	-1 * -0.027	/	0.405
=	6.67 %

where

	Total Debt (A: Jan. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.04	+	0.241
=	0.281

	Total Debt (A: Jan. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.013	+	0.516
=	0.529

Nexus Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jul. 2023 )	+	Total Debt (Q: Oct. 2023 ))	/ count )
=	-1 * -0.036	/	( (0.548	+	0.522)	/ 2 )
=	-1 * -0.036	/	0.535
=	6.73 %

where

	Total Debt (Q: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.548
=	0.548

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.522
=	0.522

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 (Oct. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Nexus Gold (OTCPK:NXSGF) Effective Interest Rate on Debt % Explanation

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

Nexus Gold Effective Interest Rate on Debt % Related Terms

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Nexus Gold (Nexus Gold) Business Description

Industry

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

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Traded in Other Exchanges

GH00:Germany NXS:Canada

Address

750 West Pender Street, Suite 802, Vancouver, BC, CAN, V6C 2T8

Website

https://www.nxs.gold

Nexus Gold Corp is a Canadian-based company with a portfolio of ten exploration projects in West Africa and Canada. The West African-based portfolio totals five projects located on active gold belts and mineralized trends, while its 100% owned Canadian projects include the flagship McKenzie Gold Project in Red Lake, Ontario. The company is focused on developing several core assets while seeking joint-venture, earn-in, and strategic partnerships for other projects in its growing portfolio.