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Goldcliff Resource (TSXV:GCN) Effective Interest Rate on Debt % : 1.84% (As of Jan. 2024)


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What is Goldcliff 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. Goldcliff Resource's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was C$0.00 Mil. Goldcliff Resource's average total debt for the quarter that ended in Jan. 2024 was C$0.22 Mil. Therefore, Goldcliff Resource's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 1.84%.


Goldcliff Resource Effective Interest Rate on Debt % Historical Data

The historical data trend for Goldcliff 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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Goldcliff Resource Effective Interest Rate on Debt % Chart

Goldcliff Resource Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.43 - - 20.00 -

Goldcliff Resource Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 - 2.29 2.29 -4.57 1.84

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

For the Gold subindustry, Goldcliff 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.


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

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

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



Goldcliff Resource Effective Interest Rate on Debt % Calculation

Goldcliff Resource's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Oct. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Oct. 2022 )+Total Debt  (A: Oct. 2023 ))/ count )
=-1  *  0/( (0.175+0.175)/ 2 )
=-1  *  0/0.175
=0.00 %

where

Goldcliff Resource's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Oct. 2023 )+Total Debt  (Q: Jan. 2024 ))/ count )
=-1  *  -0.004/( (0.175+0.26)/ 2 )
=-1  *  -0.004/0.2175
=1.84 %

where

* 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 (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Goldcliff Resource  (TSXV:GCN) Effective Interest Rate on Debt % Explanation

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


Goldcliff Resource Effective Interest Rate on Debt % Related Terms

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Goldcliff Resource (TSXV:GCN) Business Description

Traded in Other Exchanges
Address
789 West Pender Street, Suite 400, Vancouver, BC, CAN, V6C 1H2
Goldcliff Resource Corp is a mine development company based in Canada. The company is engaged in the acquisition, exploration, evaluation, and development of mineral assets in the United States and Canada. The company owns an interest in the Panorama Ridge gold project, Pine Grove project, Ainsworth Silver property, Rand Property, Kettle Valley Property, and Aurora West Property.
Executives
George Walter Sanders Director

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