Mining Global (Mining Global) Effective Interest Rate on Debt % : 9.09% (As of Aug. 2023)

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What is Mining Global 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. Mining Global's annualized positive value of Interest Expense for the quarter that ended in Aug. 2023 was $0.01 Mil. Mining Global's average total debt for the quarter that ended in Aug. 2023 was $0.06 Mil. Therefore, Mining Global's annualized Effective Interest Rate on Debt % for the quarter that ended in Aug. 2023 was 9.09%.

Mining Global Effective Interest Rate on Debt % Historical Data

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

Mining Global Annual Data

Trend

Aug10

Aug11

Aug12

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Effective Interest Rate on Debt %

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0.49

0.48

0.38

0.81

0.17

Mining Global Semi-Annual Data
	Aug08	Aug09	Aug10	Aug11	Aug12	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22	Aug23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial								0.48	0.38	0.81	0.17	9.09

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

For the Gold subindustry, Mining Global'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.

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

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

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

Mining Global Effective Interest Rate on Debt % Calculation

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2021 )	+	Total Debt (A: Aug. 2022 ))	/ count )
=	-1 * -0.001	/	( (1.151	+	0.06)	/ 2 )
=	-1 * -0.001	/	0.6055
=	0.17 %

where

	Total Debt (A: Aug. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.256	+	0.895
=	1.151

	Total Debt (A: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.06
=	0.06

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

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2022 )	+	Total Debt (Q: Aug. 2023 ))	/ count )
=	-1 * -0.005	/	( (0.06	+	0.05)	/ 2 )
=	-1 * -0.005	/	0.055
=	9.09 %

where

	Total Debt (Q: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.06
=	0.06

	Total Debt (Q: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.05
=	0.05

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

Mining Global (OTCPK:MNGG) Effective Interest Rate on Debt % Explanation

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

Mining Global Effective Interest Rate on Debt % Related Terms

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Mining Global (Mining Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mining Global Inc (OTCPK:MNGG) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 S Australian Avenue, Suite 600, West Palm Beach, FL, USA, 33401

Website

https://www.mnggotc.com

Mining Global Inc is primarily engaged in the acquisition, exploration, and development of mineral properties. The company focuses on mineral deposits of lead, zinc, copper, silver, gold or uranium capable of commercial extraction.

Executives

Gregory K Clements	director, officer: Chief Financial Officer	240 MARTIN ST. #3, BLAINE WA 98230
Cedric N Atkinson	director, 10 percent owner, officer: Chief Executive Officer	240 MARTIN ST. #3, BLAINE WA 98230
Oxygen Management Group, Ltd.	10 percent owner	240 MARTIN STREET, SUITE 3, BLAINE WA 98230
Lindsay Edward Gorrill	director	611 E. SHERMAN AVE., COEUR D'ALENE ID 83814
David K Ryan	officer: Vice-President of Finance	P.O. BOX 61605, BROOKSWOOD RPO, LANGLEY A1 V3A 8C8
Jarrett F Bousquet	director, 10 percent owner, officer: President,Secretary&Treasurer	240 MARTIN STREET, #3, BLAINE WA 98230
Shane Epp	officer: Executive Vice President	2154 WEST 45TH AVENUE, VANCOUVER A1 V6M 2J1

Mining Global (Mining Global) Headlines

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