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Cassiar Gold (TSXV:GLDC) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2024)


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What is Cassiar 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. Cassiar Gold's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$0.00 Mil. Cassiar Gold's average total debt for the quarter that ended in Mar. 2024 was C$0.05 Mil. Therefore, Cassiar Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 0.00%.

Cassiar Gold Effective Interest Rate on Debt % Historical Data

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

Cassiar Gold Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 3.23 8.29 - -

Cassiar Gold Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23 Mar24
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 - - - - -

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

For the Gold subindustry, Cassiar 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.

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

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

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


Cassiar Gold Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Sep. 2021 )+Total Debt  (A: Sep. 2022 ))/ count )
=-1  *  0/( (0+0.152)/ 1 )
=-1  *  0/0.152
=0.00 %

where

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

Total Debt  (A: Sep. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.063 + 0.089
=0.152

Cassiar 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  *  0/( (0.04+0.058)/ 2 )
=-1  *  0/0.049
=0.00 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0 + 0.04
=0.04

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.009 + 0.049
=0.058

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

Cassiar Gold  (TSXV:GLDC) Effective Interest Rate on Debt % Explanation

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

Cassiar Gold Effective Interest Rate on Debt % Related Terms

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Cassiar Gold (TSXV:GLDC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cassiar Gold Corp (TSXV:GLDC) » Definitions » Effective Interest Rate on Debt %
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Traded in Other Exchanges
CGLCF:USA 756:Germany
Address
850 - 2nd Street SW, 15th Floor, Bankers Court, Calgary, AB, CAN, T2P 0R8
Website
https://www.cassiargold.com
Cassiar Gold Corp is engaged in the exploration of gold in British Columbia, Canada. The company is focused on two assets, the Cassiar Gold Project and the Sheep Creek Gold District. The Cassiar Gold project is an orogenic gold property located in the Cassiar Mining District of northern British Columbia. The project has upside potential for both bulk-tonnage resources in the Cassiar North area and high-grade gold targets in the Cassiar South area.