GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Dakota Gold Corp (AMEX:DC) » Definitions » Effective Interest Rate on Debt %

Dakota Gold (Dakota Gold) Effective Interest Rate on Debt % : 69.81% (As of Mar. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Dakota 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. Dakota Gold's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $0.15 Mil. Dakota Gold's average total debt for the quarter that ended in Mar. 2024 was $0.21 Mil. Therefore, Dakota Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 69.81%.


Dakota Gold Effective Interest Rate on Debt % Historical Data

The historical data trend for Dakota 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.

* Premium members only.

Dakota Gold Effective Interest Rate on Debt % Chart

Dakota Gold Annual Data
Trend Mar20 Mar21 Mar22 Dec23
Effective Interest Rate on Debt %
- - - -

Dakota Gold Quarterly Data
Mar20 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 - - - - 69.81

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

For the Gold subindustry, Dakota 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.


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

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

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



Dakota Gold Effective Interest Rate on Debt % Calculation

Dakota 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: Mar. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  0/( (0+0.23)/ 1 )
=-1  *  0/0.23
=0.00 %

where

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.095 + 0.135
=0.23

Dakota 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  *  -0.148/( (0.23+0.194)/ 2 )
=-1  *  -0.148/0.212
=69.81 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.095 + 0.135
=0.23

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=0.061 + 0.133
=0.194

* 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.


Dakota Gold  (AMEX:DC) Effective Interest Rate on Debt % Explanation

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


Dakota Gold Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Dakota Gold's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.


Dakota Gold (Dakota Gold) Business Description

Industry
Traded in Other Exchanges
Address
106 Glendale Drive, Suite A, Lead, SD, USA, 57754
Dakota Gold Corp is a gold exploration and development company with a specific focus on revitalizing the Homestake District in Lead, South Dakota. Dakota Gold has high-caliber gold mineral properties covering over 40 thousand acres surrounding the historic Homestake Mine.
Executives
Gerald Michael Aberle director, officer: Chief Operating Officer PO BOX 568, LEAD SD 57754
Alice D. Schroeder director 1573 MALLORY LANE, SUITE 100, BRENTWOOD TN 37027
Jonathan T. Awde director, officer: President & CEO DAKOTA TERRITORY RESOURCE CORP, 141 GLENDALE DR, LEAD SD 57754
Patrick Shay Malone officer: Chief Sustainability Officer 106 GLENDALE DRIVE, SUITE A, LEAD SD 57754
Stephen T. O'rourke director P.O. BOX 9159, RAPID CITY SD 57709
Shawn Campbell officer: Chief Financial Officer 141 GLENDALE DRIVE, LEAD SD 57754
Robert Quartermain director DAKOTA TERRITORY RESOURCE CORP, 141 GLENDALE DR, LEAD SD 57754
Alex G Morrison director 1658 COLE BLVD., BLDG. 6, SUITE 210, LAKEWOOD CO 80401
James Mccoy Berry officer: Vice-President of Exploration 141 GLENDALE DRIVE, LEAD SD 57754
Jennifer S Grafton director 9540 SOUTH MAROON CIRCLE, SUITE 200, ENGLEWOOD CO 80112
Amy Koenig director 7001 MT. RUSHMORE ROAD, RAPID CITY SD 57702

Dakota Gold (Dakota Gold) Headlines