Ascot Resources (TSX:AOT) Effective Interest Rate on Debt % : 0.08% (As of Dec. 2023)

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What is Ascot 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. Ascot Resources's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$0.02 Mil. Ascot Resources's average total debt for the quarter that ended in Dec. 2023 was C$20.85 Mil. Therefore, Ascot Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.08%.

Ascot Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Ascot 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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Ascot Resources Effective Interest Rate on Debt % Chart

Ascot Resources Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.61

1.05

0.14

0.10

0.07

Ascot 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															0.09	0.10	35.28	0.17	0.08

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

For the Other Industrial Metals & Mining subindustry, Ascot 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.

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

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

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

Ascot Resources Effective Interest Rate on Debt % Calculation

Ascot 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 * -0.026	/	( (45.217	+	27.269)	/ 2 )
=	-1 * -0.026	/	36.243
=	0.07 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	22.264	+	22.953
=	45.217

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23.562	+	3.707
=	27.269

Ascot 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 * -0.016	/	( (14.433	+	27.269)	/ 2 )
=	-1 * -0.016	/	20.851
=	0.08 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12.886	+	1.547
=	14.433

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	23.562	+	3.707
=	27.269

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.

Ascot Resources (TSX:AOT) Effective Interest Rate on Debt % Explanation

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

Ascot Resources Effective Interest Rate on Debt % Related Terms

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Ascot Resources (TSX:AOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ascot Resources Ltd (TSX:AOT) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

AOTVF:USA BHQ:Germany

Address

1095 West Pender Street, Suite 1050, Vancouver, BC, CAN, V6E 2M6

Website

https://www.ascotgold.com

Ascot Resources Ltd is a development and exploration company. It is a focused gold and silver explorer with a portfolio of advanced and grassroots projects in the Golden Triangle region of British Columbia. It holds an interest in Premier Gold Project and Red Mountain Project. The company also has two other properties; Swamp Point, an aggregate project located in British Columbia on the Portland Canal, and Mt. Margaret, a porphyry copper-molybdenum-gold-silver deposit located in Washington State, USA.

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