VITFF (Victoria Gold) Effective Interest Rate on Debt %: 8.95% (As of Mar. 2024)


VITFF Victoria Gold Corp VITFF
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What is Victoria Gold Effective Interest Rate on Debt %?

Victoria Gold VITFF +33.33% 12 Effective Interest Rate on Debt % is 8.95% as of Mar. 2024. GuruFocus rates VITFF with a GF Score™ of 12/100.

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. Victoria Gold's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $15.8 Mil. Victoria Gold's average total debt for the quarter that ended in Mar. 2024 was $176.4 Mil. Therefore, Victoria Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 8.95%.

Victoria Gold  (OTCPK:VITFF) Effective Interest Rate on Debt % Explanation

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

Victoria Gold Effective Interest Rate on Debt % Related Terms

Victoria Gold Effective Interest Rate on Debt % Historical Data

* Premium members only.

The historical data trend for Victoria 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.

Victoria Gold Effective Interest Rate on Debt % Chart

Victoria Gold Annual Data
Trend Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.12 5.17 4.00 4.98 8.82

Victoria Gold Quarterly Data
May19 Aug19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 7.98 8.46 8.30 8.60 8.95

VITFF vs NEM: Effective Interest Rate on Debt % Comparison

For the Gold subindustry, Victoria 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.

Victoria Gold Effective Interest Rate on Debt % vs Metals & Mining Industry

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

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


VITFF
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Victoria Gold Corp VITFF
Effective Interest Rate on Debt % is just one metric. See GF Score™, valuation, warning signs, and more.
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Victoria Gold Effective Interest Rate on Debt % Calculation

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -16.017/( (184.493+178.627)/ 2 )
=-1  *  -16.017/181.56
=8.82 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=137.976 + 46.517
=184.493

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=143.824 + 34.803
=178.627

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

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -15.792/( (178.627+174.225)/ 2 )
=-1  *  -15.792/176.426
=8.95 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=143.824 + 34.803
=178.627

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=143.483 + 30.742
=174.225

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

What does a Effective Interest Rate on Debt % of 8.95% mean?
Victoria Gold (VITFF) has a Effective Interest Rate on Debt % of 8.95% as of Mar. 2024. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Victoria Gold and its competitors.
Is Victoria Gold's Effective Interest Rate on Debt % too high?
Victoria Gold's current Effective Interest Rate on Debt % is 8.95%. Overall, Victoria Gold has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Victoria Gold's Effective Interest Rate on Debt % compare to NEM?
Victoria Gold's Effective Interest Rate on Debt % of 8.95% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Effective Interest Rate on Debt % for a Metals & Mining company?
A good Effective Interest Rate on Debt % depends on the Metals & Mining industry context. However, Effective Interest Rate on Debt % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Effective Interest Rate on Debt % mean?
A high Effective Interest Rate on Debt % can signal that a stock is expensive relative to its fundamentals. Effective interest rate on debt is the rate a company actually pays on its debt. View historical data on Victoria Gold and its competitors. Victoria Gold's current Effective Interest Rate on Debt % is 8.95%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Victoria Gold stock overvalued right now?
Victoria Gold (VITFF) has a current Effective Interest Rate on Debt % of 8.95%. The current Effective Interest Rate on Debt % is 8.95%. Victoria Gold's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Effective Interest Rate on Debt % calculated?
Effective Interest Rate on Debt % is calculated from a company's financial statements. For Victoria Gold (VITFF), the current Effective Interest Rate on Debt % is 8.95% as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Victoria Gold Business Description

Address 80 Richmond Street West, Suite 204, Toronto, ON, CAN, M5H 2A4
Victoria Gold Corp is engaged in the acquisition, evaluation, and exploration of mineral properties. Its mining project includes The Eagle Gold Mine Project in Yukon Canada. Eagle is an open pit, heap leach operation located approximately 375 kilometers north of the capital city of Whitehorse.
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Effective Interest Rate on Debt % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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