Wesdome Gold Mines (TSX:WDO) Effective Interest Rate on Debt % : 11.19% (As of Mar. 2024)

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What is Wesdome Gold Mines 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. Wesdome Gold Mines's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$4.1 Mil. Wesdome Gold Mines's average total debt for the quarter that ended in Mar. 2024 was C$37.0 Mil. Therefore, Wesdome Gold Mines's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 11.19%.

Wesdome Gold Mines Effective Interest Rate on Debt % Historical Data

The historical data trend for Wesdome Gold Mines'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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Wesdome Gold Mines Effective Interest Rate on Debt % Chart

Wesdome Gold Mines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.88

8.83

9.16

6.23

9.04

Wesdome Gold Mines 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															8.91	9.55	10.07	11.28	11.19

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

For the Gold subindustry, Wesdome Gold Mines'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.

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

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

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

Wesdome Gold Mines Effective Interest Rate on Debt % Calculation

Wesdome Gold Mines'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 * -4.812	/	( (63.983	+	42.462)	/ 2 )
=	-1 * -4.812	/	53.2225
=	9.04 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	3.126	+	60.857
=	63.983

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.829	+	41.633
=	42.462

Wesdome Gold Mines'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 * -4.144	/	( (42.462	+	31.576)	/ 2 )
=	-1 * -4.144	/	37.019
=	11.19 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.829	+	41.633
=	42.462

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.512	+	31.064
=	31.576

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.

Wesdome Gold Mines (TSX:WDO) Effective Interest Rate on Debt % Explanation

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

Wesdome Gold Mines Effective Interest Rate on Debt % Related Terms

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Wesdome Gold Mines (TSX:WDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Wesdome Gold Mines Ltd (TSX:WDO) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

WDOFF:USA RKVA:Germany

Address

220 Bay Street, Suite 1200, Toronto, ON, CAN, M5J 2W4

Website

https://www.wesdome.com

Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground, Kiena Complex and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.

Executives

Brian Neville Skanderbeg

Director

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