G Mining Ventures (TSX:GMIN) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)

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What is G Mining Ventures 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. G Mining Ventures's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$0.00 Mil. G Mining Ventures's average total debt for the quarter that ended in Mar. 2024 was C$72.86 Mil. Therefore, G Mining Ventures's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.

G Mining Ventures Effective Interest Rate on Debt % Historical Data

The historical data trend for G Mining Ventures'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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G Mining Ventures Effective Interest Rate on Debt % Chart

G Mining Ventures Annual Data

Trend

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Oct19

Oct20

Dec22

Dec23

Effective Interest Rate on Debt %

G Mining Ventures Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Competitive Comparison of G Mining Ventures's Effective Interest Rate on Debt %

For the Other Precious Metals & Mining subindustry, G Mining Ventures'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.

G Mining Ventures's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where G Mining Ventures's Effective Interest Rate on Debt % falls into.

G Mining Ventures Effective Interest Rate on Debt % Calculation

G Mining Ventures'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	/	( (0.043	+	43.814)	/ 2 )
=	-1 * 0	/	21.9285
=	0.00 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.043
=	0.043

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	33.633	+	10.181
=	43.814

G Mining Ventures'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	/	( (43.814	+	101.908)	/ 2 )
=	-1 * 0	/	72.861
=	0.00 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	33.633	+	10.181
=	43.814

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	89.941	+	11.967
=	101.908

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.

G Mining Ventures (TSX:GMIN) Effective Interest Rate on Debt % Explanation

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

G Mining Ventures Effective Interest Rate on Debt % Related Terms

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G Mining Ventures (TSX:GMIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » G Mining Ventures Corp (TSX:GMIN) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

GMINF:USA 0WQ0:Germany

Address

7900 Boul. Taschereau, Building D, Suite 210, Brossard, QC, CAN, J4X 1C2

Website

https://www.gminingventures.com

G Mining Ventures Corp is a mineral exploration company engaged in the acquisition, exploration and development of precious metal projects. Its flagship asset, the permitted Tocantinzinho Project, is located in Para State, Brazil. Tocantinzinho is an open-pit gold deposit containing around 2.0 million ounces of reserves at 1.3 g/t. The deposit is open at depth and the underexplored 688km2 land package presents an additional exploration potential. It has one operating segment, the exploration and development of mineral properties.

Executives

Julie-anais Debreil

Senior Officer

G Mining Ventures (TSX:GMIN) Headlines

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