What is Zoro 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. Zoro Mining's annualized positive value of Interest Expense for the quarter that ended in Apr. 2012 was $0.07 Mil. Zoro Mining's average total debt for the quarter that ended in Apr. 2012 was $0.22 Mil. Therefore, Zoro Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Apr. 2012 was 31.18%.
Zoro Mining Effective Interest Rate on Debt % Historical Data
The historical data trend for Zoro 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.
* Premium members only.
Zoro Mining Effective Interest Rate on Debt % Chart
Competitive Comparison of Zoro Mining's Effective Interest Rate on Debt %
For the Other Industrial Metals & Mining subindustry, Zoro 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.
Zoro Mining's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Zoro Mining's Effective Interest Rate on Debt % distribution charts can be found below:
* The bar in red indicates where Zoro Mining's Effective Interest Rate on Debt % falls into.
Zoro Mining Effective Interest Rate on Debt % Calculation
Zoro Mining's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Apr. 2012 is calculated as
* 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 one times the annual (Apr. 2012) interest expense data.
Effective Interest Rate on Debt % is displayed in the 30-year financial page.
Zoro Mining (OTCPK:ZORM) Effective Interest Rate on Debt % Explanation
Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.
Zoro Mining Effective Interest Rate on Debt % Related Terms
Thank you for viewing the detailed overview of Zoro Mining's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.
Zoro Mining Corp was incorporated under the laws of the State of Nevada on April 20, 2004 under the name 'Rockdale Mining Corp'. Effective March 19, 2007, it merged with a wholly-owned subsidiary, Zoro Mining Corp., pursuant to Articles of merger filed with the Nevada Secretary of State. The merger was in the form of a parent/subsidiary merger with Rochdale Mining Corp. as the surviving corporation. Upon completion of the merger, its corporate name was changed to 'Zoro Mining Corp.' and its Articles of Incorporation were amended to reflect this name change. It is a natural resource exploration company currently engaged in the exploration, acquisition and development of property located in South America and Mexico. It plans to conduct exploration programs on its properties with the objective of ascertaining whether any of its properties contain economic concentrations of minerals that are prospective for mining. The Company currently has interests in an aggregate of approximately 27,294 net acres located in Chile, approximately 4,940 net acres in Peru, and a further 6,822 gross acres located in Mexico, targeting gold, copper and platinum. It operates in a highly competitive industry, competing with other mining and exploration mineral companies, and institutional and individual investors, which are actively seeking metal and mineral based exploration properties throughout the world together with the equipment, labor and materials required to exploit such properties. The Company's mineral exploration activities are, or would be, subject to extensive foreign laws and regulations governing prospecting, development, production, exports, taxes, labor standards, occupational health, waste disposal, protection and remediation of the environment, protection of endangered and protected species, mine safety, toxic substances and other matters.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ZORM has been successfully added to your 