Xiana Mining (TSXV:XIA.H) Effective Interest Rate on Debt % : 11.32% (As of Sep. 2020)

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What is Xiana 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. Xiana Mining's annualized positive value of Interest Expense for the quarter that ended in Sep. 2020 was C$1.61 Mil. Xiana Mining's average total debt for the quarter that ended in Sep. 2020 was C$14.20 Mil. Therefore, Xiana Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2020 was 11.32%.

Xiana Mining Effective Interest Rate on Debt % Historical Data

The historical data trend for Xiana 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.

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Xiana Mining Effective Interest Rate on Debt % Chart

Xiana Mining Annual Data

Trend

Jan10

Jan11

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Dec19

Effective Interest Rate on Debt %

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20.13

Xiana Mining Quarterly Data
	Jul15	Oct15	Jan16	Apr16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															19.07	-10.70	26.40	24.88	11.32

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

For the Other Precious Metals & Mining subindustry, Xiana 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.

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

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

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

Xiana Mining Effective Interest Rate on Debt % Calculation

Xiana Mining's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2019 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jan. 2018 )	+	Total Debt (A: Dec. 2019 ))	/ count )
=	-1 * -2.526	/	( (0	+	12.546)	/ 1 )
=	-1 * -2.526	/	12.546
=	20.13 %

where

	Total Debt (A: Jan. 2018 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (A: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	12.546
=	12.546

Xiana Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2020 )	+	Total Debt (Q: Sep. 2020 ))	/ count )
=	-1 * -1.608	/	( (14.234	+	14.171)	/ 2 )
=	-1 * -1.608	/	14.2025
=	11.32 %

where

	Total Debt (Q: Jun. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	14.234
=	14.234

	Total Debt (Q: Sep. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	14.171
=	14.171

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. 2020) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Xiana Mining (TSXV:XIA.H) Effective Interest Rate on Debt % Explanation

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

Xiana Mining Effective Interest Rate on Debt % Related Terms

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Xiana Mining (TSXV:XIA.H) Business Description

Industry

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

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Traded in Other Exchanges

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Address

837 West Hastings Street, Suite 507, Vancouver, BC, CAN, V6C 3N6

Website

https://www.xianamining.com

Xiana Mining Inc is an exploration stage company. It is engaged in the acquisition, exploration, and development of mineral properties. The company focuses on exploration for precious and base metals in its property interest. Its exploration activities are focused on mineral claim blocks grouped into the Central Zone, North Zone, and South Zone. It produces copper-gold concentrates from the Minera Altos De Punitaqui in Chile.

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