Inca One Gold (TSXV:INCA) Effective Interest Rate on Debt % : 11.48% (As of Jan. 2024)

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What is Inca One 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. Inca One Gold's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was C$1.80 Mil. Inca One Gold's average total debt for the quarter that ended in Jan. 2024 was C$15.71 Mil. Therefore, Inca One Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 11.48%.

Inca One Gold Effective Interest Rate on Debt % Historical Data

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

Inca One Gold Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Effective Interest Rate on Debt %

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62.59

24.37

13.41

15.88

7.75

Inca One Gold 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															9.44	10.22	8.63	10.33	11.48

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

For the Gold subindustry, Inca One 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.

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

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

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

Inca One Gold Effective Interest Rate on Debt % Calculation

Inca One Gold's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Apr. 2022 )	+	Total Debt (A: Apr. 2023 ))	/ count )
=	-1 * -1.156	/	( (14.7	+	15.116)	/ 2 )
=	-1 * -1.156	/	14.908
=	7.75 %

where

	Total Debt (A: Apr. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.851	+	13.849
=	14.7

	Total Debt (A: Apr. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.408	+	13.708
=	15.116

Inca One Gold'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 * -1.804	/	( (15.184	+	16.236)	/ 2 )
=	-1 * -1.804	/	15.71
=	11.48 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.778	+	13.406
=	15.184

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	2.381	+	13.855
=	16.236

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.

Inca One Gold (TSXV:INCA) Effective Interest Rate on Debt % Explanation

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

Inca One Gold Effective Interest Rate on Debt % Related Terms

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Inca One Gold (TSXV:INCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Inca One Gold Corp (TSXV:INCA) » Definitions » Effective Interest Rate on Debt %

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INCAF:USA SU92:Germany

Address

1140 West Pender Street, Suite 850, Vancouver, BC, CAN, V6E 4G1

Website

https://www.incaone.com

Inca One Gold Corp is a mineral resource company and mineral processing company. It is engaged in the business of developing gold-bearing mineral processing operations in Peru. Its activities consist of the production of gold and silver from the processing of purchased minerals. It provides its service basically to small-scale miners. It's Chala One milling facility located in Chala, Southern Peru. The Koricancha ore processing facility located in Peru. The company operates through a gold milling facility and generates revenue from the same.

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