Baru Gold (TSXV:BARU) Effective Interest Rate on Debt % : 30.02% (As of Nov. 2023)

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What is Baru 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. Baru Gold's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was C$0.60 Mil. Baru Gold's average total debt for the quarter that ended in Nov. 2023 was C$2.01 Mil. Therefore, Baru Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 30.02%.

Baru Gold Effective Interest Rate on Debt % Historical Data

The historical data trend for Baru 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.

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Baru Gold Effective Interest Rate on Debt % Chart

Baru Gold Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Effective Interest Rate on Debt %

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6.35

33.10

3.81

11.19

33.56

Baru Gold Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															33.60	31.30	36.54	30.41	30.02

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

For the Gold subindustry, Baru 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.

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

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

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

Baru Gold Effective Interest Rate on Debt % Calculation

Baru Gold's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2022 )	+	Total Debt (A: Aug. 2023 ))	/ count )
=	-1 * -0.599	/	( (1.635	+	1.935)	/ 2 )
=	-1 * -0.599	/	1.785
=	33.56 %

where

	Total Debt (A: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.946	+	0.689
=	1.635

	Total Debt (A: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.935
=	1.935

Baru Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2023 )	+	Total Debt (Q: Nov. 2023 ))	/ count )
=	-1 * -0.604	/	( (1.935	+	2.089)	/ 2 )
=	-1 * -0.604	/	2.012
=	30.02 %

where

	Total Debt (Q: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	1.935
=	1.935

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	2.089
=	2.089

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

Baru Gold (TSXV:BARU) Effective Interest Rate on Debt % Explanation

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

Baru Gold Effective Interest Rate on Debt % Related Terms

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Baru Gold (TSXV:BARU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Baru Gold Corp (TSXV:BARU) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

BARUF:USA

Address

1021 West Hastings Street, 9th Floor, Vancouver, BC, CAN, V6E 0C3

Website

https://www.barugoldcorp.com

Baru Gold Corp is an Indonesian-based Canadian mineral exploration company. The company is building a new gold production facility in Indonesia. It is a junior gold developer with NI43-101 gold resources. Its projects include the Sangihe Gold project and the Indonesian Focus.

Executives

Shidan Murphy

Director

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