New Destiny Mining (TSXV:NED) Effective Interest Rate on Debt % : 33.33% (As of Mar. 2024)

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What is New Destiny 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. New Destiny Mining's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was C$0.00 Mil. New Destiny Mining's average total debt for the quarter that ended in Mar. 2024 was C$0.01 Mil. Therefore, New Destiny Mining's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 33.33%.

New Destiny Mining Effective Interest Rate on Debt % Historical Data

The historical data trend for New Destiny 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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New Destiny Mining Effective Interest Rate on Debt % Chart

New Destiny Mining Annual Data

Trend

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Effective Interest Rate on Debt %

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New Destiny Mining 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															-	-	-	-	33.33

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

For the Other Industrial Metals & Mining subindustry, New Destiny 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.

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

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

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

New Destiny Mining Effective Interest Rate on Debt % Calculation

New Destiny Mining's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jun. 2022 )	+	Total Debt (A: Jun. 2023 ))	/ count )
=	-1 * 0	/	( (0.047	+	0.005)	/ 2 )
=	-1 * 0	/	0.026
=	0.00 %

where

	Total Debt (A: Jun. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.047
=	0.047

	Total Debt (A: Jun. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.005
=	0.005

New Destiny Mining'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 * -0.004	/	( (0.004	+	0.02)	/ 2 )
=	-1 * -0.004	/	0.012
=	33.33 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.004
=	0.004

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.02
=	0.02

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.

New Destiny Mining (TSXV:NED) Effective Interest Rate on Debt % Explanation

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

New Destiny Mining Effective Interest Rate on Debt % Related Terms

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New Destiny Mining (TSXV:NED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Destiny Mining Corp (TSXV:NED) » Definitions » Effective Interest Rate on Debt %

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NDMCF:USA

Address

888 Dunsmuir Street, Suite 888, Vancouver, BC, CAN, V6C 3K4

Website

http://www.newdestinymining.com

New Destiny Mining Corp is a junior mineral exploration company engaged in the business of acquiring, exploring, and evaluating mineral properties. Its project consists of the Treasure Mountain Property located to the east of Hope, British Columbia. It develops and mines polymetallic (silver, gold, lead, zinc, copper and / or molybdenum) deposits.

Executives

Wesley Warthe-anderson

Director

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