Ranchero Gold (STU:3C2) Effective Interest Rate on Debt % : 0.00% (As of Sep. 2024)

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What is Ranchero 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. Ranchero Gold's annualized positive value of Interest Expense for the quarter that ended in Sep. 2024 was €-0.01 Mil. Ranchero Gold's average total debt for the quarter that ended in Sep. 2024 was €0.00 Mil. Therefore, Ranchero Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2024 was N/A%.

Ranchero Gold Effective Interest Rate on Debt % Historical Data

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

Ranchero Gold Annual Data

Trend

Jun20

Jun21

Dec22

Dec23

Effective Interest Rate on Debt %

11.88

10.98

0.03

18.51

Ranchero Gold Quarterly Data
	Jun20	Sep20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial										1.08	2.40	43.11	43.92	-

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

For the Gold subindustry, Ranchero 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.

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

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

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

Ranchero Gold Effective Interest Rate on Debt % Calculation

Ranchero 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 * -0.077	/	( (0.149	+	0.683)	/ 2 )
=	-1 * -0.077	/	0.416
=	18.51 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.149	+	0
=	0.149

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.683
=	0.683

Ranchero 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 * 0.008	/	( (0	+	0)	/ 1 )
=	-1 * 0.008	/	0
=	N/A %

where

	Total Debt (Q: Jun. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Sep. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

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.

Ranchero Gold (STU:3C2) Effective Interest Rate on Debt % Explanation

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

Ranchero Gold Effective Interest Rate on Debt % Related Terms

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Ranchero Gold Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

RNCHF:USA RNCH:Canada

Address

800 West Pender Street, c/o Suite 910, Vancouver, BC, CAN, V6C 2V6

Website

https://www.rancherogold.com

Ranchero Gold Corp is engaged in the acquisition and exploration of resources properties. Its Sta. Daniela concessions are located within the heart of the Sierra Madre Occidental gold belt in eastern Sonora, Mexico.

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