Erdene Resource Development (TSX:ERD) Effective Interest Rate on Debt % : 27,437.84% (As of Mar. 2024)

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What is Erdene Resource Development 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. Erdene Resource Development's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$5.08 Mil. Erdene Resource Development's average total debt for the quarter that ended in Mar. 2024 was C$0.02 Mil. Therefore, Erdene Resource Development's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 27,437.84%.

Erdene Resource Development Effective Interest Rate on Debt % Historical Data

The historical data trend for Erdene Resource Development'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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Erdene Resource Development Effective Interest Rate on Debt % Chart

Erdene Resource Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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2.59

51.03

6.77

9.36

3.77

Erdene Resource Development Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	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															0.11	13.34	-8.65	-0.02	27,437.84

Competitive Comparison of Erdene Resource Development's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Erdene Resource Development'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.

Erdene Resource Development's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Erdene Resource Development's Effective Interest Rate on Debt % falls into.

Erdene Resource Development Effective Interest Rate on Debt % Calculation

Erdene Resource Development'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: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -0.002	/	( (0.083	+	0.023)	/ 2 )
=	-1 * -0.002	/	0.053
=	3.77 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.023	+	0.06
=	0.083

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.023
=	0.023

Erdene Resource Development'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 * -5.076	/	( (0.023	+	0.014)	/ 2 )
=	-1 * -5.076	/	0.0185
=	27,437.84 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.023
=	0.023

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.014
=	0.014

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.

Erdene Resource Development (TSX:ERD) Effective Interest Rate on Debt % Explanation

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

Erdene Resource Development Effective Interest Rate on Debt % Related Terms

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Erdene Resource Development (TSX:ERD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Erdene Resource Development Corp (TSX:ERD) » Definitions » Effective Interest Rate on Debt %

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ERDCF:USA

Address

99 Wyse Road, Metropolitan Place, Suite 1480, Dartmouth, NS, CAN, B3A 4S5

Website

https://www.erdene.com

Erdene Resource Development Corp is a Canadian-based resource exploration company. It is primarily engaged in the exploration and development of precious metals and mineral deposits in Mongolia. The company's project consists of Bayan Khundii, Altan Nar, Zuun Mod, and Khuvyn Khar. The Bayan Khundii and Altan Nar project is located within the Tian-Shan copper-gold belt in southwest Mongolia from the Chinese border city of Ceke. The Zuun Mod project is located within 200 kilometres of China's border in Mongolia's Bayankhongor Province. The Khuvyn Khar copper-silver project is located on the Zuun Mod property.

Executives

John Philip Byrne	Director
Peter Akerley	Director, Senior Officer

Erdene Resource Development (TSX:ERD) Headlines

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