Santacruz Silver Mining (TSXV:SCZ) Effective Interest Rate on Debt % : 18.53% (As of Dec. 2023)

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What is Santacruz Silver Mining 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. Santacruz Silver Mining's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was C$4.4 Mil. Santacruz Silver Mining's average total debt for the quarter that ended in Dec. 2023 was C$23.7 Mil. Therefore, Santacruz Silver Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 18.53%.

Santacruz Silver Mining Effective Interest Rate on Debt % Historical Data

The historical data trend for Santacruz Silver Mining'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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Santacruz Silver Mining Effective Interest Rate on Debt % Chart

Santacruz Silver Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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14.72

10.55

35.07

25.41

12.39

Santacruz Silver Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															1.14	5.54	21.67	16.40	18.53

Competitive Comparison of Santacruz Silver Mining's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Santacruz Silver Mining'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.

Santacruz Silver Mining's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

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

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

Santacruz Silver Mining Effective Interest Rate on Debt % Calculation

Santacruz Silver Mining'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 * -3.347	/	( (30.179	+	23.847)	/ 2 )
=	-1 * -3.347	/	27.013
=	12.39 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	5.784	+	24.395
=	30.179

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.004	+	22.843
=	23.847

Santacruz Silver Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -4.396	/	( (23.591	+	23.847)	/ 2 )
=	-1 * -4.396	/	23.719
=	18.53 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.809	+	21.782
=	23.591

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	1.004	+	22.843
=	23.847

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

Santacruz Silver Mining (TSXV:SCZ) Effective Interest Rate on Debt % Explanation

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

Santacruz Silver Mining Effective Interest Rate on Debt % Related Terms

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Santacruz Silver Mining (TSXV:SCZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Santacruz Silver Mining Ltd (TSXV:SCZ) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

SZSMF:USA 1SZ:Germany

Address

1140 West Pender Street, Suite 480, Vancouver, BC, CAN

Website

https://www.santacruzsilver.com

Santacruz Silver Mining Ltd is engaged in the operation, acquisition, exploration, and development of mineral properties in Latin America, with a primary focus on silver and zinc, including lead and copper. The company has one producing project, the Zimapan Mine, and two exploration properties in its mineral property portfolio, the La Pechuga Property, and the Santa Gorgonia Prospect. The company earns the majority of its revenue from Zinc and Silver. The company's reportable operating segments are the Bolivar mine and processing plant, the Porco mine and processing plant, the Caballo Blanco Group, San Lucas, Zimapan, and Corporate and Other activities.

Executives

W. Barry Girling

Director