Pretium Resources (Pretium Resources) Effective Interest Rate on Debt % : 7.31% (As of Sep. 2021)

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What is Pretium Resources 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. Pretium Resources's annualized positive value of Interest Expense for the quarter that ended in Sep. 2021 was $14.4 Mil. Pretium Resources's average total debt for the quarter that ended in Sep. 2021 was $197.3 Mil. Therefore, Pretium Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2021 was 7.31%.

Pretium Resources Effective Interest Rate on Debt % Historical Data

The historical data trend for Pretium Resources'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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Pretium Resources Effective Interest Rate on Debt % Chart

Pretium Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Effective Interest Rate on Debt %

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0.02

4.83

10.22

6.80

6.92

Pretium Resources Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															4.92	8.78	5.97	6.75	7.31

Competitive Comparison of Pretium Resources's Effective Interest Rate on Debt %

For the Gold subindustry, Pretium Resources'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.

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

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

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

Pretium Resources Effective Interest Rate on Debt % Calculation

Pretium Resources's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2020 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2019 )	+	Total Debt (A: Dec. 2020 ))	/ count )
=	-1 * -25.522	/	( (469.908	+	267.609)	/ 2 )
=	-1 * -25.522	/	368.7585
=	6.92 %

where

	Total Debt (A: Dec. 2019 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	397.253	+	72.655
=	469.908

	Total Debt (A: Dec. 2020 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	195.958	+	71.651
=	267.609

Pretium Resources's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2021 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Jun. 2021 )	+	Total Debt (Q: Sep. 2021 ))	/ count )
=	-1 * -14.424	/	( (200.443	+	194.08)	/ 2 )
=	-1 * -14.424	/	197.2615
=	7.31 %

where

	Total Debt (Q: Jun. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	32.518	+	167.925
=	200.443

	Total Debt (Q: Sep. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	68.787	+	125.293
=	194.08

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 (Sep. 2021) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Pretium Resources (NYSE:PVG) Effective Interest Rate on Debt % Explanation

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

Pretium Resources Effective Interest Rate on Debt % Related Terms

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Pretium Resources (Pretium Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pretium Resources Inc (NYSE:PVG) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

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Address

1055 Dunsmuir Street, Suite 2300, P.O. Box 49334, Four Bentall Centre, Vancouver, BC, CAN, V7X 1L4

Website

https://www.pretivm.com

Pretium Resources Inc is an exploration and development company engaged in the acquisition, exploration, and development of precious metal resource properties in the Americas. The Brucejack Project is the company's primary mineral project, which involves near-mine exploration and off-mining leases infrastructure in Brucejack mine, located in northwestern British Columbia, Canada. The company is currently at the engineering and construction phase, progressing toward production as a high-grade underground gold mine. Gold metal is the company's core revenue driver.