TomaGold (TSXV:LOT) Effective Interest Rate on Debt % : 5.39% (As of Feb. 2024)

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What is TomaGold 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. TomaGold's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was C$0.01 Mil. TomaGold's average total debt for the quarter that ended in Feb. 2024 was C$0.22 Mil. Therefore, TomaGold's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 5.39%.

TomaGold Effective Interest Rate on Debt % Historical Data

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

TomaGold Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Effective Interest Rate on Debt %

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4.00

2.65

10.09

TomaGold Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															16.00	16.00	16.00	-	5.39

Competitive Comparison of TomaGold's Effective Interest Rate on Debt %

For the Gold subindustry, TomaGold'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.

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

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

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

TomaGold Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2022 )	+	Total Debt (A: Aug. 2023 ))	/ count )
=	-1 * 0	/	( (0.025	+	0.025)	/ 2 )
=	-1 * 0	/	0.025
=	0.00 %

where

	Total Debt (A: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.025	+	0
=	0.025

	Total Debt (A: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.025
=	0.025

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -0.012	/	( (0.216	+	0.229)	/ 2 )
=	-1 * -0.012	/	0.2225
=	5.39 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.216
=	0.216

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.229
=	0.229

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

TomaGold (TSXV:LOT) Effective Interest Rate on Debt % Explanation

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

TomaGold Effective Interest Rate on Debt % Related Terms

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TomaGold (TSXV:LOT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » TomaGold Corp (TSXV:LOT) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

TOGOF:USA OTM:Germany

Address

410, Rue Saint-Nicolas, Suite 236, Montreal, QC, CAN, H2Y 2P5

Website

https://www.tomagoldcorp.com

TomaGold Corp is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration, and development of gold mineral properties. The company holds an interest in Monster Lake property, Winchester property, Lac-a-l'Eau Jaune property, Sidace Lake gold property, Obalski property, Monster Lake East property, Hazeur property, Lac Cavan property, and Urban Lake project. The company operates through a single segment Exploration and evaluation of mineral resources.

Executives

Jean-sebastien Jacquetin

Director

TomaGold (TSXV:LOT) Headlines

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