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Zodiac Gold (TSXV:ZAU) Effective Interest Rate on Debt % : 15.18% (As of Dec. 2023)


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What is Zodiac 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. Zodiac Gold's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$0.07 Mil. Zodiac Gold's average total debt for the quarter that ended in Dec. 2023 was C$0.45 Mil. Therefore, Zodiac Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 15.18%.

Zodiac Gold Effective Interest Rate on Debt % Historical Data

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

Zodiac Gold Annual Data
Trend Mar22 Mar23
Effective Interest Rate on Debt %
12.07 12.40

Zodiac Gold Quarterly Data
Mar22 Jun22 Sep22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial - - 12.70 - 15.18

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

For the Gold subindustry, Zodiac 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.

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

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

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


Zodiac Gold Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Mar. 2022 )+Total Debt  (A: Mar. 2023 ))/ count )
=-1  *  -0.015/( (0.116+0.126)/ 2 )
=-1  *  -0.015/0.121
=12.40 %

where

Total Debt  (A: Mar. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.103 + 0.013
=0.116

Total Debt  (A: Mar. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.101 + 0.025
=0.126

Zodiac Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -0.068/( (0+0.448)/ 1 )
=-1  *  -0.068/0.448
=15.18 %

where

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

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.059 + 0.389
=0.448

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

Zodiac Gold  (TSXV:ZAU) Effective Interest Rate on Debt % Explanation

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

Zodiac Gold Effective Interest Rate on Debt % Related Terms

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Zodiac Gold Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Zodiac Gold Inc (TSXV:ZAU) » Definitions » Effective Interest Rate on Debt %
Comparable Companies
Traded in Other Exchanges
N/A
Address
833 Seymour Street, Suite 3606, Vancouver, BC, CAN, V6B 0G4
Website
https://www.zodiac-gold.com
Zodiac Gold Inc is a gold exploration company focused on its prospective portfolio of gold properties in Liberia, West Africa. The company's flagship Todi gold project located along the Todi shear zone.
Executives
Mark J. Kol Director

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