Gelum Resources (XCNQ:GMR) Effective Interest Rate on Debt % : 7.77% (As of Oct. 2024)

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What is Gelum Resources 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. Gelum Resources's annualized positive value of Interest Expense for the quarter that ended in Oct. 2024 was C$0.02 Mil. Gelum Resources's average total debt for the quarter that ended in Oct. 2024 was C$0.31 Mil. Therefore, Gelum Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2024 was 7.77%.

Gelum Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Gelum Resources'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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Gelum Resources Effective Interest Rate on Debt % Chart

Gelum Resources Annual Data

Trend

Apr20

Apr21

Apr22

Apr23

Apr24

Effective Interest Rate on Debt %

19.44

19.14

10.47

8.00

Gelum Resources Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															-	-	55.65	7.92	7.77

Competitive Comparison of Gelum Resources's Effective Interest Rate on Debt %

For the Gold subindustry, Gelum Resources'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.

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

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

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

Gelum Resources Effective Interest Rate on Debt % Calculation

Gelum Resources'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 * -0.024	/	( (0	+	0.3)	/ 1 )
=	-1 * -0.024	/	0.3
=	8.00 %

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	+	0.3
=	0.3

Gelum Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Oct. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jul. 2024 )	+	Total Debt (Q: Oct. 2024 ))	/ count )
=	-1 * -0.024	/	( (0.306	+	0.312)	/ 2 )
=	-1 * -0.024	/	0.309
=	7.77 %

where

	Total Debt (Q: Jul. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.306
=	0.306

	Total Debt (Q: Oct. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.312
=	0.312

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

Gelum Resources (XCNQ:GMR) Effective Interest Rate on Debt % Explanation

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

Gelum Resources Effective Interest Rate on Debt % Related Terms

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Gelum Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Gelum Resources Ltd (XCNQ:GMR) » Definitions » Effective Interest Rate on Debt %

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GMRCF:USA

Address

200 Burrard Street, Suite 1570, Vancouver, BC, CAN, V6C 3L6

Website

https://www.gelumresources.com

Gelum Resources Ltd is engaged in the acquisition, exploration, and evaluation of mineral properties. Its Eldorado Gold Property is located within the Bralorne-Bridge River Gold District in south-central British Columbia.

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