Signal Gold (TSX:SGNL) Effective Interest Rate on Debt % : 12.32% (As of Mar. 2024)

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What is Signal Gold 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. Signal Gold's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$3.05 Mil. Signal Gold's average total debt for the quarter that ended in Mar. 2024 was C$24.75 Mil. Therefore, Signal Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 12.32%.

Signal Gold Effective Interest Rate on Debt % Historical Data

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

Signal Gold Annual Data

Trend

May14

May15

May16

May17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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13.48

5.78

6.03

13.63

42.63

Signal Gold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															11.46	19.90	13.11	33.37	12.32

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

For the Gold subindustry, Signal Gold'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.

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

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

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

Signal Gold Effective Interest Rate on Debt % Calculation

Signal Gold'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 * -4.856	/	( (11.391	+	0)	/ 1 )
=	-1 * -4.856	/	11.391
=	42.63 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.155	+	11.236
=	11.391

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

Signal Gold'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 * -3.048	/	( (0	+	24.75)	/ 1 )
=	-1 * -3.048	/	24.75
=	12.32 %

where

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

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.24	+	24.51
=	24.75

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.

Signal Gold (TSX:SGNL) Effective Interest Rate on Debt % Explanation

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

Signal Gold Effective Interest Rate on Debt % Related Terms

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Signal Gold (TSX:SGNL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Signal Gold Inc (TSX:SGNL) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

SGNLF:USA Y8B:Germany

Address

20 Adelaide St. East, Suite 915, Toronto, ON, CAN, M5C 2T6

Website

http://www.anacondamining.com

Signal Gold Inc is gold mining, development, and exploration company focused on the top-tier Canadian mining jurisdictions of Nova Scotia and Newfoundland. The company operates mining and milling operations in the Goldboro Gold Project in Nova Scotia, the prolific Baie Verte Mining District of Newfoundland which includes the fully-permitted Pine Cove Mill, tailings facility, and deep-water port, as well as 15,000 hectares of mineral property at Tilt Cove.

Executives

Robert Dufour

Senior Officer

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