Sabre Gold Mines (STU:7AZ) Effective Interest Rate on Debt % : 7.57% (As of Mar. 2024)

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What is Sabre Gold Mines 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. Sabre Gold Mines's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was €0.31 Mil. Sabre Gold Mines's average total debt for the quarter that ended in Mar. 2024 was €4.12 Mil. Therefore, Sabre Gold Mines's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 7.57%.

Sabre Gold Mines Effective Interest Rate on Debt % Historical Data

The historical data trend for Sabre Gold Mines'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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Sabre Gold Mines Effective Interest Rate on Debt % Chart

Sabre Gold Mines Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Dec22

Dec23

Effective Interest Rate on Debt %

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11.28

11.62

10.11

10.20

9.55

Sabre Gold Mines 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															8.55	9.09	9.12	6.35	7.57

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

For the Gold subindustry, Sabre Gold Mines'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.

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

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

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

Sabre Gold Mines Effective Interest Rate on Debt % Calculation

Sabre Gold Mines'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 * -0.712	/	( (10.849	+	4.055)	/ 2 )
=	-1 * -0.712	/	7.452
=	9.55 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.039	+	10.81
=	10.849

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.251	+	0.804
=	4.055

Sabre Gold Mines'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 * -0.312	/	( (4.055	+	4.189)	/ 2 )
=	-1 * -0.312	/	4.122
=	7.57 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.251	+	0.804
=	4.055

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.448	+	0.741
=	4.189

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.

Sabre Gold Mines (STU:7AZ) Effective Interest Rate on Debt % Explanation

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

Sabre Gold Mines Effective Interest Rate on Debt % Related Terms

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Sabre Gold Mines (STU:7AZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sabre Gold Mines Corp (STU:7AZ) » Definitions » Effective Interest Rate on Debt %

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SGLDF:USA SGLD:Canada

Address

200 Burrard Street, Suite 250, Vancouver, BC, CAN, V6C 3L6

Website

https://www.sabre.gold

Sabre Gold Mines Corp is a mineral exploration and development company currently focused on advancing the fully permitted past-producing Copperstone mine and on the past-producing Brewery Creek mine. Its project is situated within the Arizona portion of the Prolific Walker Lane Belt in the Southwestern United States. It operates Gold Mine in La Paz County, Arizona, United States, and the Brewery Creek property in the Yukon, Canada.

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