Avanti Gold (XCNQ:AGC) Effective Interest Rate on Debt % : 81.10% (As of Apr. 2024)

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What is Avanti 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. Avanti Gold's annualized positive value of Interest Expense for the quarter that ended in Apr. 2024 was C$0.59 Mil. Avanti Gold's average total debt for the quarter that ended in Apr. 2024 was C$0.73 Mil. Therefore, Avanti Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2024 was 81.10%.

Avanti Gold Effective Interest Rate on Debt % Historical Data

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

Avanti Gold Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Effective Interest Rate on Debt %

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22.00

20.28

Avanti Gold Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	-	-	81.10

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

For the Gold subindustry, Avanti 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.

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

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

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

Avanti Gold Effective Interest Rate on Debt % Calculation

Avanti Gold's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Apr. 2023 )	+	Total Debt (A: Apr. 2024 ))	/ count )
=	-1 * -0.147	/	( (0	+	0.725)	/ 1 )
=	-1 * -0.147	/	0.725
=	20.28 %

where

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

	Total Debt (A: Apr. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.725
=	0.725

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jan. 2024 )	+	Total Debt (Q: Apr. 2024 ))	/ count )
=	-1 * -0.588	/	( (0	+	0.725)	/ 1 )
=	-1 * -0.588	/	0.725
=	81.10 %

where

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0
=	0

	Total Debt (Q: Apr. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.725
=	0.725

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

Avanti Gold (XCNQ:AGC) Effective Interest Rate on Debt % Explanation

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

Avanti Gold Effective Interest Rate on Debt % Related Terms

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Avanti Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Avanti Gold Corp (XCNQ:AGC) » Definitions » Effective Interest Rate on Debt %

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AVTGF:USA X370:Germany

Address

1055 West Hastings Street, Suite 2380, Vancouver, BC, CAN, V6E 2E9

Website

https://www.avantigoldcorp.com

Avanti Gold Corp is a mineral exploration company working on a Tier-1 gold opportunity in the Democratic Republic of the Congo, located in the Fizi territory of South Kivu province. The Misisi Gold Project has a contained Inferred Mineral Resource of 3 million ounces of gold. The Project is comprised of three contiguous 30-year mining leases, covering 133 square kilometers of prospective exploration ground along the 55-kilometer-long Kibara Gold Belt.

Executives

The K2 Principal Fund L.p.

10% Security Holder