Lovitt Resources (TSXV:LRC.H) Effective Interest Rate on Debt % : 4.59% (As of Mar. 2023)

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What is Lovitt Resources 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. Lovitt Resources's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was C$0.09 Mil. Lovitt Resources's average total debt for the quarter that ended in Mar. 2023 was C$2.00 Mil. Therefore, Lovitt Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 4.59%.

Lovitt Resources Effective Interest Rate on Debt % Historical Data

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

Lovitt Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Mar16

Mar17

Mar18

Mar19

Jun21

Jun22

Effective Interest Rate on Debt %

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5.76

4.91

5.14

5.58

5.74

Lovitt Resources Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.25	7.30	4.91	4.69	4.59

Competitive Comparison of Lovitt Resources's Effective Interest Rate on Debt %

For the Gold subindustry, Lovitt Resources'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.

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

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

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

Lovitt Resources Effective Interest Rate on Debt % Calculation

Lovitt Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2021 )	+	Total Debt (A: Jun. 2022 ))	/ count )
=	-1 * -0.1	/	( (1.659	+	1.823)	/ 2 )
=	-1 * -0.1	/	1.741
=	5.74 %

where

	Total Debt (A: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.659
=	1.659

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.823
=	1.823

Lovitt Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * -0.092	/	( (1.998	+	2.009)	/ 2 )
=	-1 * -0.092	/	2.0035
=	4.59 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.998
=	1.998

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.009
=	2.009

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. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Lovitt Resources (TSXV:LRC.H) Effective Interest Rate on Debt % Explanation

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

Lovitt Resources Effective Interest Rate on Debt % Related Terms

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Lovitt Resources (TSXV:LRC.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lovitt Resources Inc (TSXV:LRC.H) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

1942 167 Street, Surrey, British Columbia, BC, CAN, V3Z 9R4

Website

https://www.lovittresources.com

Lovitt Resources Inc is engaged in the development of gold resources in North America. It holds land and mineral interests located in Wenatchee, Washington, U.S.A. The company finances its operations by selling land. The geopraphical segments include United States and Canada.

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