Gold Springs Resource (TSX:GRC) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)

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What is Gold Springs Resource 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. Gold Springs Resource's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$0.00 Mil. Gold Springs Resource's average total debt for the quarter that ended in Mar. 2024 was C$0.04 Mil. Therefore, Gold Springs Resource's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.

Gold Springs Resource Effective Interest Rate on Debt % Historical Data

The historical data trend for Gold Springs Resource'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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Gold Springs Resource Effective Interest Rate on Debt % Chart

Gold Springs Resource Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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15.60

Gold Springs Resource Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Gold Springs Resource's Effective Interest Rate on Debt %

For the Gold subindustry, Gold Springs Resource'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.

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

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

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

Gold Springs Resource Effective Interest Rate on Debt % Calculation

Gold Springs Resource's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * 0	/	( (0.041	+	0.041)	/ 2 )
=	-1 * 0	/	0.041
=	0.00 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.041
=	0.041

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.041
=	0.041

Gold Springs Resource'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: Sep. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * 0	/	( (0.041	+	0.041)	/ 2 )
=	-1 * 0	/	0.041
=	0.00 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.041
=	0.041

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.041	+	0
=	0.041

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.

Gold Springs Resource (TSX:GRC) Effective Interest Rate on Debt % Explanation

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

Gold Springs Resource Effective Interest Rate on Debt % Related Terms

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Gold Springs Resource (TSX:GRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gold Springs Resource Corp (TSX:GRC) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

GRCAF:USA SS7A:Germany

Address

1199 West Hastings Street, Suite 1100, Vancouver, BC, CAN, V6E 3T5

Website

https://www.goldspringsresource.com

Gold Springs Resource Corp is a growth-focused mineral exploration company advancing the district-scale Gold Springs gold project situated in mining-friendly Nevada and Utah. The Company's activities include the acquisition, exploration and development of mineral properties. Its operations are limited to a single industry segment, being mineral exploration and development.

Executives

Horst Daspersgruber

Director, Director or Senior Officer of 10% Security Holder