SWYDF (Stornoway Diamond) Effective Interest Rate on Debt %: 12.18% (As of Jun. 2019)


What is Stornoway Diamond Effective Interest Rate on Debt %?

Stornoway Diamond SWYDF Effective Interest Rate on Debt % is 12.18% as of Jun. 2019.

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. Stornoway Diamond's annualized positive value of Interest Expense for the quarter that ended in Jun. 2019 was $29.9 Mil. Stornoway Diamond's average total debt for the quarter that ended in Jun. 2019 was $245.2 Mil. Therefore, Stornoway Diamond's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2019 was 12.18%.

Stornoway Diamond  (OTCPK:SWYDF) Effective Interest Rate on Debt % Explanation

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

Stornoway Diamond Effective Interest Rate on Debt % Related Terms

Stornoway Diamond Effective Interest Rate on Debt % Historical Data

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The historical data trend for Stornoway Diamond'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.

Stornoway Diamond Effective Interest Rate on Debt % Chart

Stornoway Diamond Annual Data
Trend Apr09 Apr10 Apr11 Apr12 Apr13 Apr14 Apr15 Dec16 Dec17 Dec18
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 4.24 3.22 10.38 11.18

Stornoway Diamond Quarterly Data
Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.08 11.20 13.08 11.14 12.18

SWYDF vs DYNR, CTDT: Effective Interest Rate on Debt % Comparison

For the Other Precious Metals & Mining subindustry, Stornoway Diamond'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.

Stornoway Diamond Effective Interest Rate on Debt % vs Metals & Mining Industry

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

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


Stornoway Diamond Effective Interest Rate on Debt % Calculation

Stornoway Diamond's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2018 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2017 )+Total Debt  (A: Dec. 2018 ))/ count )
=-1  *  -27.164/( (241.293+244.534)/ 2 )
=-1  *  -27.164/242.9135
=11.18 %

where

Total Debt  (A: Dec. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=213.384 + 27.909
=241.293

Total Debt  (A: Dec. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=234.471 + 10.063
=244.534

Stornoway Diamond's annualized Effective Interest Rate on Debt % for the quarter that ended in Jun. 2019 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Mar. 2019 )+Total Debt  (Q: Jun. 2019 ))/ count )
=-1  *  -29.872/( (245.099+245.221)/ 2 )
=-1  *  -29.872/245.16
=12.18 %

where

Total Debt  (Q: Mar. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=234.599 + 10.5
=245.099

Total Debt  (Q: Jun. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=218.238 + 26.983
=245.221

* 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.

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 (Jun. 2019) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

What does a Effective Interest Rate on Debt % of 12.18% mean?
Stornoway Diamond (SWYDF) has a Effective Interest Rate on Debt % of 12.18% as of Jun. 2019. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Stornoway Diamond and its competitors.
Is Stornoway Diamond's Effective Interest Rate on Debt % too high?
Stornoway Diamond's current Effective Interest Rate on Debt % is 12.18%.
How does Stornoway Diamond's Effective Interest Rate on Debt % compare to DYNR and CTDT?
Stornoway Diamond's Effective Interest Rate on Debt % of 12.18% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Metals & Mining company?
A good Effective Interest Rate on Debt % depends on the Metals & Mining industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Stornoway Diamond and its competitors. Stornoway Diamond's current Effective Interest Rate on Debt % is 12.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stornoway Diamond stock overvalued right now?
Stornoway Diamond (SWYDF) has a current Effective Interest Rate on Debt % of 12.18%. The current Effective Interest Rate on Debt % is 12.18%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Stornoway Diamond (SWYDF), the current Effective Interest Rate on Debt % is 12.18% as of Jun. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Stornoway Diamond Business Description

Address 1111 St. Charles Street West, Tour Ouest, Suite 400, Longueuil, QC, CAN, J4K 5G4
Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.