Intercontinental Gold And Metals (TSXV:ICAU.H) Effective Interest Rate on Debt % : 18.84% (As of Sep. 2021)

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What is Intercontinental Gold And Metals 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. Intercontinental Gold And Metals's annualized positive value of Interest Expense for the quarter that ended in Sep. 2021 was C$0.95 Mil. Intercontinental Gold And Metals's average total debt for the quarter that ended in Sep. 2021 was C$5.05 Mil. Therefore, Intercontinental Gold And Metals's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2021 was 18.84%.

Intercontinental Gold And Metals Effective Interest Rate on Debt % Historical Data

The historical data trend for Intercontinental Gold And Metals'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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Intercontinental Gold And Metals Effective Interest Rate on Debt % Chart

Intercontinental Gold And Metals Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Effective Interest Rate on Debt %

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10.68

24.53

17.79

Intercontinental Gold And Metals Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															13.86	21.23	18.15	18.38	18.84

Competitive Comparison of Intercontinental Gold And Metals's Effective Interest Rate on Debt %

For the Gold subindustry, Intercontinental Gold And Metals'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.

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

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

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

Intercontinental Gold And Metals Effective Interest Rate on Debt % Calculation

Intercontinental Gold And Metals's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2019 )	+	Total Debt (A: Dec. 2020 ))	/ count )
=	-1 * -0.939	/	( (5.102	+	5.453)	/ 2 )
=	-1 * -0.939	/	5.2775
=	17.79 %

where

	Total Debt (A: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.464	+	0.638
=	5.102

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.698	+	0.755
=	5.453

Intercontinental Gold And Metals's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2021 )	+	Total Debt (Q: Sep. 2021 ))	/ count )
=	-1 * -0.952	/	( (5.014	+	5.093)	/ 2 )
=	-1 * -0.952	/	5.0535
=	18.84 %

where

	Total Debt (Q: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.83	+	0.184
=	5.014

	Total Debt (Q: Sep. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	4.902	+	0.191
=	5.093

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 (Sep. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Intercontinental Gold And Metals (TSXV:ICAU.H) Effective Interest Rate on Debt % Explanation

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

Intercontinental Gold And Metals Effective Interest Rate on Debt % Related Terms

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Intercontinental Gold And Metals (TSXV:ICAU.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Intercontinental Gold And Metals Ltd (TSXV:ICAU.H) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

N/A

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

http://www.intercontinentalgold.com

Intercontinental Gold And Metals Ltd is a Canada-based company. It is engaged in the business of acquiring, exploring and evaluating assets with a focus on the Gold business. The company geographical segments include Canada and Bolivia.

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