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Goldrich Mining Co (Goldrich Mining Co) Effective Interest Rate on Debt % : 15.05% (As of Sep. 2023)


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What is Goldrich Mining Co 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. Goldrich Mining Co's annualized positive value of Interest Expense for the quarter that ended in Sep. 2023 was $0.91 Mil. Goldrich Mining Co's average total debt for the quarter that ended in Sep. 2023 was $6.06 Mil. Therefore, Goldrich Mining Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 was 15.05%.


Goldrich Mining Co Effective Interest Rate on Debt % Historical Data

The historical data trend for Goldrich Mining Co'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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Goldrich Mining Co Effective Interest Rate on Debt % Chart

Goldrich Mining Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.09 20.90 15.49 15.31 15.46

Goldrich Mining Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 15.43 16.05 14.70 14.80 15.05

Competitive Comparison of Goldrich Mining Co's Effective Interest Rate on Debt %

For the Gold subindustry, Goldrich Mining Co'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.


Goldrich Mining Co's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Goldrich Mining Co's Effective Interest Rate on Debt % falls into.



Goldrich Mining Co Effective Interest Rate on Debt % Calculation

Goldrich Mining Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2021 )+Total Debt  (A: Dec. 2022 ))/ count )
=-1  *  -0.894/( (5.634+5.93)/ 2 )
=-1  *  -0.894/5.782
=15.46 %

where

Goldrich Mining Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2023 )+Total Debt  (Q: Sep. 2023 ))/ count )
=-1  *  -0.912/( (6.012+6.106)/ 2 )
=-1  *  -0.912/6.059
=15.05 %

where

* 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 (Sep. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Goldrich Mining Co  (OTCPK:GRMC) Effective Interest Rate on Debt % Explanation

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


Goldrich Mining Co Effective Interest Rate on Debt % Related Terms

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Goldrich Mining Co (Goldrich Mining Co) Business Description

Traded in Other Exchanges
N/A
Address
2525 East 29th Avenue, Suite 10B-160, Spokane, WA, USA, 99223-4942
Goldrich Mining Co is a gold exploration and development company, which is engaged in the acquisition and exploration of mineral properties. The group explores gold and focuses on Chandalar property covering approximately 22,858 acres located to the north of Fairbanks, Alaska. The Chandalar is located in north-central Alaska, which is considered a tier-one jurisdiction world wide and host to multiple world-class gold mines and deposits, including the Fort Knox mine, Donlin Creek deposit, and Pebble deposit. Goldrich geographically operates through the region of Alaska, U.S, and derives the majority of its revenue from the sale of gold.
Executives
Ted Riley Sharp officer: Chief Financial Officer 714 WHISPERWOOD COURT, NAMPA ID 83686
William Orchow director 87 P STREET, SALT LAKE CITY UT 84103
William V Schara director 3221 S REBECCA STREET, SPOKANE WA 99223
Nicholas Gallagher 10 percent owner 5 CHURCHFIELDS, THE K CLUB, STRAFFAN, KILDARE L2 0000
David Atkinson director, 10 percent owner 2754 NW CROSSING DRIVE, SUITE 205, BEND OR 97701
Stephen M Vincent director 255 MAPLE HILL ROAD, HOPKINS MN 55343
Michael Grant Rasmussen director 17412 N. MEADOVIEW LANE, NINE MILE FALLS WA 99026
Garrick Allen Mendham director P. O. BOX 668, KINGSFORD NSW C3 2032
Regent Pacific Group Ltd 10 percent owner SUITE 1001, HENLEY BUILDING, 5 QUEENS'S ROAD CENTRAL, HONG KONG K3 00000
Charles G Bigelow director 11562 DISCOVERY HEIGHTS CIRCLE, ANCHORAGE AK 99515
Kenneth S Eickerman director
Forza Capital Management, L.l.c. director, 10 percent owner 2754 NW CROSSING DRIVE, SUITE 205, BEND OR 97701
Rab Special Situations (master) Fund Ltd 10 percent owner P.O. BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Rodney Alan Blakestad officer: VP - exploration 1602 W. PLACITA SIN NIEVE, SAHUARITA AZ 85629
Robert G Pate officer: VP Operations 8620 E PARKSIDE LANE, SPOKANE WA 99217