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

Vendetta Mining (TSXV:VTT) Effective Interest Rate on Debt % : 15.09% (As of Feb. 2024)


View and export this data going back to 2010. Start your Free Trial

What is Vendetta Mining 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. Vendetta Mining's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was C$0.01 Mil. Vendetta Mining's average total debt for the quarter that ended in Feb. 2024 was C$0.05 Mil. Therefore, Vendetta Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 15.09%.


Vendetta Mining Effective Interest Rate on Debt % Historical Data

The historical data trend for Vendetta Mining'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.

* Premium members only.

Vendetta Mining Effective Interest Rate on Debt % Chart

Vendetta Mining Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.46 34.72 9.07 9.52 11.59

Vendetta Mining 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 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 - 11.59 18.46 21.24 15.09

Competitive Comparison of Vendetta Mining's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Vendetta Mining'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.


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

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

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



Vendetta Mining Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: May. 2022 )+Total Debt  (A: May. 2023 ))/ count )
=-1  *  -0.008/( (0+0.069)/ 1 )
=-1  *  -0.008/0.069
=11.59 %

where

Total Debt  (A: May. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.035 + 0.034
=0.069

Vendetta Mining'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  *  -0.008/( (0.052+0.054)/ 2 )
=-1  *  -0.008/0.053
=15.09 %

where

Total Debt  (Q: Nov. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.016 + 0.036
=0.052

Total Debt  (Q: Feb. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.007 + 0.047
=0.054

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


Vendetta Mining  (TSXV:VTT) Effective Interest Rate on Debt % Explanation

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


Vendetta Mining Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Vendetta Mining's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Vendetta Mining (TSXV:VTT) Business Description

Traded in Other Exchanges
Address
409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2
Vendetta Mining Corp. is a Canadian junior exploration company engaged in acquiring, exploring, and developing mineral properties with an emphasis on Lead and zinc. It is focused on the Pegmont Lead-Zinc project located in northwest Queensland, Australia. The company's business consists of one reportable segment being Resource Exploration.

Vendetta Mining (TSXV:VTT) Headlines

No Headlines