Torex Gold Resources (Torex Gold Resources) Effective Interest Rate on Debt % : -1.51% (As of Dec. 2023)

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What is Torex Gold Resources 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. Torex Gold Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $-0.4 Mil. Torex Gold Resources's average total debt for the quarter that ended in Dec. 2023 was $26.6 Mil. Therefore, Torex Gold Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was -1.51%.

Torex Gold Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Torex Gold Resources'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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Torex Gold Resources Effective Interest Rate on Debt % Chart

Torex Gold Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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0.39

0.18

1.71

2.78

11.14

Torex Gold Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-22.86	21.62	-10.67	2.45	-1.51

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

For the Gold subindustry, Torex Gold Resources'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.

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

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

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

Torex Gold Resources Effective Interest Rate on Debt % Calculation

Torex Gold Resources'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 * -2	/	( (3.9	+	32)	/ 2 )
=	-1 * -2	/	17.95
=	11.14 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.3	+	2.6
=	3.9

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.1	+	23.9
=	32

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * 0.4	/	( (21.1	+	32)	/ 2 )
=	-1 * 0.4	/	26.55
=	-1.51 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.5	+	19.6
=	21.1

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	8.1	+	23.9
=	32

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

Torex Gold Resources (OTCPK:TORXF) Effective Interest Rate on Debt % Explanation

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

Torex Gold Resources Effective Interest Rate on Debt % Related Terms

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Torex Gold Resources (Torex Gold Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Torex Gold Resources Inc (OTCPK:TORXF) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

73GN:Germany TXG:Canada

Address

Exchange Tower, 130 King Street West, Suite 740, Toronto, ON, CAN, M5X 2A2

Website

https://www.torexgold.com

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala. Within this property, the company has two assets: the El Limon-Guajes Mine, an open pit gold deposit located north of the Balsas river, and the Media Luna Project.