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Engold Mines (TSXV:EGM) Effective Interest Rate on Debt % : 6.33% (As of Dec. 2023)


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What is Engold Mines 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. Engold Mines's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$0.01 Mil. Engold Mines's average total debt for the quarter that ended in Dec. 2023 was C$0.19 Mil. Therefore, Engold Mines's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.33%.


Engold Mines Effective Interest Rate on Debt % Historical Data

The historical data trend for Engold Mines'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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Engold Mines Effective Interest Rate on Debt % Chart

Engold Mines Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 8.43 7.37 7.78 5.38

Engold Mines 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.32 5.63 5.08 6.65 6.33

Competitive Comparison of Engold Mines's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Engold Mines'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.


Engold Mines's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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



Engold Mines Effective Interest Rate on Debt % Calculation

Engold Mines's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2022 )+Total Debt  (A: Sep. 2023 ))/ count )
=-1  *  -0.01/( (0.185+0.187)/ 2 )
=-1  *  -0.01/0.186
=5.38 %

where

Total Debt  (A: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.139 + 0.046
=0.185

Total Debt  (A: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.028 + 0.159
=0.187

Engold Mines'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  *  -0.012/( (0.187+0.192)/ 2 )
=-1  *  -0.012/0.1895
=6.33 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.028 + 0.159
=0.187

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.019 + 0.173
=0.192

* 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.

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.


Engold Mines  (TSXV:EGM) Effective Interest Rate on Debt % Explanation

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


Engold Mines Effective Interest Rate on Debt % Related Terms

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Engold Mines (TSXV:EGM) Business Description

Industry
Traded in Other Exchanges
Address
1090 West Georgia Street, Suite 488, Vancouver, BC, CAN, V6E 3V7
Engold Mines Ltd is in the business of exploring and evaluating economically viable mineral properties in Canada. The company's properties include Lac La Hache, Gibraltar, and Mt. Polley mines and Aurizon Gold-Silver-Copper Zone.

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